Hanover Inc. sells buckets for $15 each. Budgeted unit sales for 4 months of 2014 are: March 26,000 buckets April 28,000 buckets May 22,000 buckets June 25,000 buckets Hanover desires to have buckets on hand at the end of each month equal to 16 percent of the following month's budgeted unit sales. Each bucket requires 3.9 pounds of plastic. At the end of each month, Hanover desires to have 12 percent of production material needs for the next month on hand. The plastic costs $0.40 per pound. How many buckets should Hanover produce during May? TH 27,040 buckets 31,520 buckets 27,280 buckets None of the answer choices are correct. Paradise Gifts has budgeted sales for the quarter as follows: January 11,000 units February 13,000 units March 17,000 units The ending inventory of finished goods each month should equal 25% of the next month's budgeted sales in units. How much is scheduled production for February? 17,250 units 14,000 units 9,750 units 12,000 units DynaCare Products' sales are all on account. History indicates that sales will be collected as follows: Month of sale 25% Month following the sale 65% Second month following the sale 8% Never collected 2% Budgeted sales data follows: March $300,000 April $250,000 May $260,000 June $230,000 July $200,000 How much are total budgeted cash collections during May? $230,500 $258,300 $65,000 $251,500 Sultan Sundries must maintain a minimum cash balance of $34,000. At the beginning of February the company's cash balance was $60,000. The budget for February is as follows: Total cash receipts $250,000 Total cash disbursements $245,000 Net income $50,000 Purchase machinery by signing a note $35,000 During February, how much will Sultan need to borrow? $50,000 $0 $25,000 $4,000