A segment should not be discontinued if its relevant revenue is greater than the avoidable costs associated with it. True or False Haltom Corporation has prepared its sales budget for 2012. Sales on account are expected to be $500,000 in January and $600,000 in February. Haltom generally collects 40% of its sales on account in the month of sale and 58% in the month after sale. The remaining 2% is uncollectible. Based on this information, what amount of cash should Haltom expect to collect in February 2012? Upton Company provided the following information for December 2011 and the first quarter of 2012: Desired ending inventory levels are 25% of the following month's projected cost of goods sold. The company purchases all inventory on account. January 2012 budgeted purchases are $75,000. The normal schedule for inventory payments is 60% payment in month of purchase and 40% payment in month following purchase. Budgeted cash payments for inventory in February 2012 would be