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Please help show me how to get these answers Hepburn Corporation?s sales price is S30 per unit. Unit sales information is presented below: March (Actual)
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Hepburn Corporation?s sales price is S30 per unit. Unit sales information is presented below: March (Actual) April (Estimated) May (Estimated) Cash sales 10,000 12,000 13,000 Credit sales 30,000 40,000 45,000 Management estimates that 5% of credit sales are uncollectible. 30 % are collected in the month of sale, and 65% in the following month. The March 31 ending inventory is 5,500 units, and Hepburn wants to have 10% of the next month?s sales in ending inventory. 1 .What are Hepburn Corporations expected sales revenue and cash receipts for April? 2. How many units should Hepburn produce during April? A) 52,300 B) 52,400 C) 52,600 D) 57,800
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