Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects credit sales of $56,000 and $64.000, respectively. The company expects to collect 35% of its credit sales in the month of the sale and the remaining 65% in the following month, What amount of accounts receivable would the company report in its balance sheet at the end of the second month? Multiple Choice $58,800 $22,750 $41600 $19,000 Assume a company's estimated sales is 39,000 units. Its desired ending finished goods inventory is 7,000 units, and its beginning finished goods Inventory is 3,000 units. What is the required production in units? Multiple Choice 43,000 units 36,000 units 49.000 units 29,000 units Assume a merchandising company's estimated sales for January, February, and March are $104,000, $124.000, and $114,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains ending merchandise Inventory equal to 15% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $71.000 o 564 200 a o $60.600 $74,400 Assume the sales budget for April and May Is 33,000 units and 35,000 units, respectively. The production budget for the same two months is 30,000 units and 31,000 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The company always maintains raw materials Inventory equal to 25% of the following month's production needs. How many pounds of raw material need to be purchased in April? Multiple Choice 124.900 120,500 121,000 123.000