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Badlands, Inc. manufactures a household fan that sells for $25 per unit. All sales are on account, with 45 percent of sales collected in the month of sale and 55 percent collected in the following month. The data that follow were extracted from the company's accounting records. . Badlands maintains a minimum cash balance of $25,000. Total payments in January 20x1 are budgeted at $190,000. - A schedule of cash collections for January and February of 20x1 revealed the following receipts for the period: Cash Receipts January February From December 31 accounts receivable $110,000 From January sales 79,000 $120,000 From February sales 74,700 . March 20x1 sales are expected to total 9,000 units. 0 Finished-goods inventories are maintained at 25 percent of the following month's sales. - The December 31, 20x0, balance sheet revealed the following selected figures: cash, $22,800; accounts receivable, $110,000; and finished goods, $22,800. Required: smmaw~a ll Determine the number of units that Badlands sold in December 20x0. Compute the sales revenue for March 20x1. Compute the total sales revenue to be reported on Badlands' budgeted income statement for the rst quarter of 20x1. Determine the accounts receivable balance to be reported on the March 31, 20x1, budgeted balance sheet. Calculate the number of units in the December 31, 20x0, finished-goods inventory. Calculate the number of units of nished goods to be manufactured in January 20x1. Calculate the financing required in January, if any, to maintain the firm's minimum cash balance. March sales revenue - First quarter sales revenue March 31 accounts receivable balance December 31 nished-goods inventory Finished goods to be manufactured in January 74991:\" Financing required in January Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 15,000 students are enrolled on campus; however, the admissions ofce is forecasting a 5 percent growth in the student body despite a tuition hike to $90 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials: - WSU is planning to award 170 tuition-free scholarships. - The average class has 25 students, and the typical student takes 15 credit hours each semester. Each class is three credit hours. - WSU's faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches ve classes during the academic year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a tuition revenue budget for the upcoming academic year. Tuition revenue budget: _ Total student body _ Tuition-paying students _ Total credit hours _ Forecasted tuition revenue \fComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action. Hire part-time instructors Use graduate teaching assistants Increase the teaching load for each professor Reduce the number of courses offered. Increase class size and reduce the number of sections to be offered Have students take an Internet-based course offered by another university Shift courses to a summer sessionComplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 You have been requested by the university's administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: \"The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driverwithout them we don't operate.\" Are faculty members a key driver in preparing budgets? Show less A OYes ONO