Question 1 Clear Ltd bottles and distributes mineral water from the company's natural springs. The company markets two products: 1-litre disposable plastic bottles and 15 litre reusable plastic containers. Required a) For 2019, Clear Ltd's marketing manager forecasted monthly sales of 320,000 1-litre bottles and 80,000 15-litre containers. Average selling prices are estimated at $0.20 per 1-litre bottle and $1.20 per 15 litres container. Prepare a revenues budget for Clear Ltd for the year ending 31 December 2019 (10 marks) b) Clear Ltd begins 2019 with 720,000 1-litre bottles in inventory. The manager of operations requests that 1-litre bottles ending inventory on 31 December 2019 be no less than 480,000 bottles. Based on sales projections as budgeted in requirement 'a' above, what is the minimum number of 1-litre bottles Clear Ltd must produce during 2019? (10 marks) c) The manager of operations requests that ending inventory of 15-litre containers, on 31 December 2019, be 160,000 units. If the production budget calls for Clear Ltd to produce 1,040,000 15-litre containers during 2019, what is the beginning inventory of 15-litre containers on 1 January 2019? (10 marks)