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Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following unit sales for the first four months of the current year:
Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following unit sales for the first four months of the current year: Jan. Feb. March April Sales in units 2350 2550 2750 2250 Ending inventory for each month should be 10% of the next month's sales, and the December 31 inventory is consistent with that policy. How many units should be purchased in February? 2550. 2530. 2570. 2590. 2825. Zhang Industries sells a product for $725 per unit. Unit sales for May were 600 and each month's unit sales are expected to grow by 4%. Zhang pays a sales manager a monthly salary of $3200 and a commission of 3% of sales. Compute the budgeted selling expense for the manager for the month ended June 30. $15,728. $16,250. $11,594. $16,772. $21,470. Gardner Company expects sales for October of $241,000. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $64,500. What is the amount of cash expected to be collected in October? $233,200. $96,400. $168,700. $120,500. $160,900
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