Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months' sales. The tiles cost $0.75 each and must be paid for in cash. The company has 27,000 tiles in stock, Sales estimates, based on contracts received, are as follows for the next six months January February March April May June 11,900 17,900 12,600 13,200 8,600 6,400 Required: a. & b. Estimate purchases (in units) and cash required to make purchases in January, February, and March MIDLAND COMPANY Merchandise Purchases Budget For the Period Ended March 31 (in units) January February Units to be purchased Estimated cost March Stubs-R-Us Is a local event ticket broker. Last year, the company sold 960,000 tickets with an average commission of $10. Because of the general economic climate, Stubs expects ticket volume to decline by 20 percent. In addition, employees at a local insurance company headquarters accounted for 5 percent of Stubs' volume. The headquarters relocated to another state and all the employees closed their accounts Offsetting these factors is the observation that the average commission per sale is likely to increase by 10 percent because the average ticket prices are expected to be larger in the coming year. Required: Estimate commission revenues for Stubs-R-Us for the coming year. Commission revenues The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators (Each calculator requires one shell) For each of the next two years, Wyoming expects to sell 650,000 calculators. The beginning finished goods inventory of shells at the Casings Plant is 100,000 units. However, the target ending finished goods inventory for each year is 20,000 units. Each unit (shell requires 6 ounces of plastic. At the beginning of the year, 240,000 ounces of plastic are in inventory Management has set a target to have plastic on hand equal to four months sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished product for the coming year. b. Compute the required amount of plastic to be purchased for the coming year. (Do not round intermediate calculations.) Answer is not complete. a 570,000 Total targeted production in units Materials to be purchased in ounces b