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Question 19 (7 points) Listen Calipso Manufacturing has the following budgeted sales: January $120.000, February $180,000, March $150,000. April $130.000, and May $160,000.. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected canh receipts during March are: 1) $168,000 2) $150,000 3) $159,000 4) $157,500 2 Question 2017 points) Listen On January 1, 2020. Buck Corp. has beginning inventory of 2,000 deer stands Buck estimates it will sell 10,000 units during the first quarter of 2020 with a 12% increase in sales each quarter. Buck's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each deer stand costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2020? 1) $1,950,000 2) $12,544 3) $450,000 4) $1,881,600