Oakton Furniture provided the following information relevant to its sales for December 2013 and the first quarter of 2014 Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder Is collected In the following month. Total budgeted cash receipts in February 2014 are expected to be: $60,000. $162, 400. $346, 400. $228,000. Craft. Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company's cost structure. For example, fixed costs increase because more space must be rented, and additional supervisors must be hired. The production range between 120,000 and 150,000 is called the: differential range. median range. relevant range. leverage range. Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Bright Minds expects to collect 70% of the sales on account In the month of sale, and 20% in the month following the sale, and the remainder in the second month following the sale. What is the ending accounts receivable balance that would be reported on the second quarter pro forma balance sheet? $164, 700 $121, 500 $283, 500 $86, 400 Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company's fixed costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000 profit. What is the volume of sales In units required to achieve the target profit? (Do not round intermediate calculations.) 24,000 16,000 17,000 4,000