A company has budgeted direct materials purchases of $310000 in July and $470000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:

Wages Expense	$100000
Purchase of office equipment	67000
Selling and Administrative Expenses	44000
Depreciation Expense	31000

The budgeted cash disbursements for August are

$633000.

$664000.

$589000.

$422000.

The following credit sales are budgeted by Vaughn Manufacturing:

January	$164000
February	250000
March	380000
April	280000

The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is

$329120.

$278800.

$292000.

$272000.

A company budgeted unit sales of 274000 units for January, 2017 and 310000 units for February 2017. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 82200 units of inventory on hand on December 31, 2016, how many units should be produced in January, 2017 in order for the company to meet its goals?

274000 units

263200 units

284800 units

367000 units

At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Concords policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2016?

$1505280

1650000

$450000

$10035.20

Sheridan Company reported the following information for 2016:

	October	November	December
Budgeted sales	$390000	$410000	$500000
Budgeted purchases	$270000	$226000	$258000

• All sales are on credit.
• Customer amounts on account are collected 50% in the month of sale and 50% in the following month.
• Cost of goods sold is 35% of sales.
• Sheridan purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.
• Accounts payable is used only for inventory acquisitions.

How much cash will Sheridan receive during November?

$205000

$410000

$455000

$400000