Instructions: Open book, open note, sole-authored, 60 minutes allowed. Treat each question separately unless otherwise indicated and show your work to receive partial credit. Wu-Tang Cams (WTC) imports and resells web-cams. For the first 3 months of 2024 WTC has prepared the following budget items: All sales are expected to occur at a price of ( $ 100.00 ) each and all purchases at a price of ( $ 50.00 ) each. Fixed S&A costs per month are budgeted to be ( $ 300 mathrm{~K} ) and Variable S&A costs are budget to equal ( $ 20.00 ) per unit sold. Cash from sales is collected ( 80 % ) in the month of the sale and ( 20 % ) in the following month. Cash payments for purchases are made ( 70 % ) in the month of the purchase and ( 30 % ) in the following month. The January finished goods inventory is expected to have 6,000 units.

Instructions: Open book, open note, sole-authored, 60 minutes allowed. Treat each question separately unless otherwise indicated and show your work to receive partial credit. Wu-Tang Cams (WTC) imports and resells web-cams. For the first 3 months of 2024 WTC has prepared the following budget items: All sales are expected to occur at a price of $100.00 each and all purchases at a price of $50.00 each. Fixed S\&A costs per month are budgeted to be $300k and Variable S\&A costs are budget to equal $20.00 per unit sold. Cash from sales is collected 80% in the month of the sale and 20% in the following month. Cash payments for purchases are made 70% in the month of the purchase and 30% in the following month. The January finished goods inventory is expected to have 6,000 units