answer 1,2,3

1. Jiff Corp., budgeted credit sales are listed below. Thirty percent (30%) of a month's sales are collected in the month of sale, 50% in the first month after sale, 15% in the second month after sale, and the remaining 5% is uncollectible. June July August September Budget Sales $30,000 $50,000 $70,000 $60,000 Budget cash receipts for September should be [10points) 2. Levit Co. has a cash balance of $18,000 on April 1". The company must maintain a minimum cash balance of S12,000. During April expected cash receipts are $90,000. Expected cash disbursements during the month total S125,000. During April the company will need to borrow Answer: [10points] 3. Lindy Company plans to sell 12,500 units during the month of June and has 2,000 units in inventory at the start of the month. They plan to have 4,500 units on hand at the end of the month How many units must be produced during the month of June? Answer: [10 points)