Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter First Second Third 100,000 120,000 140,000 160,000 520,000 Fourth Total Inventory on December 31 of the current year (that is, at the beginning of the coming year) is expected to be 10,000 units. The quantity of finished goods inventory at the end of each quarter was to equal ten percent of the next quarter's budgeted units to be sold. Required: Calculate the units to be produced during the second quarter. Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $260,000 for November, $270,000 for December, and $270,000 for January. Collections are expected to be 70% in the month of sale, 29% in the month following the sale, and 1% uncollectible. The cost of goods sold is 75% of sales. The company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,100. Monthly depreciation is $18,300. Ignore taxes. Balance Sheet October 31 Assets Cash $47,000 Accounts receivable, net of allowance for uncollectible accounts 95,000 Merchandise inventory 126,750 Property, plant and equipment, net of $623,000 accumulated 1,265,000 depreciation Total assets $1,533,750 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $327,750 830,000 376,000 $1,533,750 Expected cash collections in December are: Multiple Choice o ) $189,000 o $264,400 o $270,000 o $75,400