Bonita Industries plans to sell 340 potted plants during April and 220 units in May. Bonita Industries keeps 15% of the next month's sales as ending inventory. How many units should Bonita Industries produce during April?

373

340

358

322

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A company has budgeted direct materials purchases of $200000 in July and $380000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:

Wages Expense$50000Purchase of office equipment62000Selling and Administrative Expenses38000Depreciation Expense26000

The budgeted cash disbursements for August are

$438000.

$476000.

$502000.

$326000.

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Waterway Industries has the following budgeted sales: January $150000, February $200000, and March $160000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are:

$160000.

$184000.

$172000.

$176000.

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Swifty Corporation expects to purchase $90000 of materials in July and $110000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be?

$67500

$110000

$82500

$105000

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A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were:

January$360000February216000March540000

The cash inflow in the month of March is expected to be

$406800.

$307800.

$324000.

$388800.

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On January 1, Bonita Industries has a beginning cash balance of $52000. During the year, the company expects cash disbursements of $440000 and cash receipts of $390000. If Bonita requires an ending cash balance of $50000, the company must borrow

$48000.

$102000.

$50000.

$27000.