P 22.Eddee plc manufactures three products and the following information per unit is available. Product Q R Selling price () 300 375 450 Variable cost () 180 250 300 Fixed costs absorbed () 75 85 100 Machine time (hours) 4 5 7.5 Monthly demand (units) 1000 1000 400 Machine hours for the coming month are limited to 7,200. Which of the following production plans maximises profits for the coming month? C. D. ABCD P Q R 1000 640 0 1800 0 0 1000 0 40 840 400 400 23. Brandy Ltd makes all of its sales on credit. Budgeted sales for the next two four-week accounting periods are as follows. Period 5 Period 6 300,000 180,000 Invoicing occurs once per fortnight at the middle and end of each accounting period. At each date one half of the period's sales are invoiced. Terms of sale are that payment is due within four weeks of invoicing. 1.5% discount is allowed and taken by customers if they make payment within one week of the invoice being raised. As a result 40% (by gross value) of invoices are settled within one week. There are no bad debts or late payers. Which of the following is the budgeted value of cash receipts from customers in period 6? A. 273,210 B. 274,560 C. 275,100 D. 276,000 24.If a lowering of inventory levels is used to reduce a company's bank overdraft, what will be the effect on the quick (liquidity) ratio? OA. It will stay the same OB. It will decrease O C. It will increase OD. It could increase, decrease or stay the same depending on the initial size of the quick (liquidity) ratio