Harrti Corporation has budgeted for the following sales: July August September October November December $448,600 $583,600 $616,800 $891,800 $748,000 $708,000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? The following are budgeted data: Sales in units Production in units January 16,500 19,500 February 23,000 20,500 March 19,500 19,800 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be Jark Corporation has invested in a machine that cost $78,000, that has a useful life of five years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. Given these data, the simple rate of return on the machine is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.) Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Finished goods (units) Raw material (grams) Beginning Inventory 24,000 56,000 Ending Inventory 74,000 44,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 590,000 units during the year. How much of the raw material should the company purchase during the year