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Bay Milling, Inc. has $20,865 of raw materials inventory at the end of March. The company's anticipated sales for April and May will include raw
Bay Milling, Inc. has $20,865 of raw materials inventory at the end of March. The company's anticipated sales for April and May will include raw materials costing $32,100 and $35,400, respectively. Bay Milling has a policy of carrying monthly opening raw materials inventory equal to 65% of what is built into the expected sales for the month. What raw materials purchases is the company expecting to make in April? [Enter your answer to the nearest USD. Do not use a dollar sign or commas to separate thousands, just enter the number] O'Neill Surfboards forecasts that company sales for July August, and September with be $10,900, $11,100, and $12,300, respectively. The company's experience is that 45% of customers pay in the month in which they purchase, 40% pay the in the month following the month of their purchase, and 12% pay a month later. The remainder do not pay. What cash does O'Neill expect to collect in September? [Enter your answer to the nearest USD. Do not use a dollar sign or commas to separate thousands, just enter the number] ANS: $11,283
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