Give me the solution for question number 4. I need you to show me the calculation so that I understand.

I need the correct answer for 5, 6, 7 as well.

thanks

ompany is formulang am g spars for the coming year inchading the preparation of no collection pattern for the cr i sis as foow cash s products for the fing Collections on Account In the month of the sale In the month following the sale Two months following the sale Uncollectible buong Percentage B01 206 15% 596 otal sales for the first 4 months of the coming year are forecast as follows: January $4,000,000 February 2,800,000 March 3,400,000 April 3,800,000 How much would the company expect to collect in April? A. $3,800,000 B. $3,470,000 C. $3,380,000 D. $3,363,000 5. Which of the following is the correct order in which the indicated budgets are prepared? A. Pro forma income statement, cash budget, production budget, labor budget B. Sales budget, labor budget, production budget, material purchases budget C. Cash budget, sales budget, production budget, overhead budget D. Sales budget, materials purchases budget, cash budget, pro forma balance sheet 6. Return on investment would be an appropriate performance measure for which of the following? A. Cost center B. Investment center C. Profit center D. Revenue center 7. A division of a company currently has a return on investment of 16%, and its cost of capital is 8%. The division manager is considering an investment in a new project. Assuming the manager's performance is evaluated by return on investment, which of the following statements is FALSE? A. It is in the company's best interest to invest in the project if it returns at least 8%. B. The division manager will most likely refuse to invest in the project if it will return 14%. C. It is in the manager's best interest to invest in the project only if it returns at least 16%. D. It is in the company's best interest to make the investment only if it returns at least 16%