Clare purchases a single product for $15 and sells it for $30. Forecasted sales for the next three months are July 4,000 units, August 6,000 units, September 7,500 units. Clare's policy is to have an ending inventory of 40 % of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. What are budgeted purchases in units for August? Multiple Cholce 10,400 units 6,600 units 5,400 units 600 units Parker Corp., which operates on a calendar year, expects to sell 4,000 units in October, and expects sales to increase 20 % each month thereafter. Sales price is expected to stay constant at $8 per unit. What are budgeted revenues for the fourth quarter? Multiple Choice $116,480 $115,200 $32.000 $96,000