QUESTION 13 Verna's makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 65% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $413,000, $524,000, and $487,000, respectively, what was the budgeted receivables balance on December 31? A. $417,650 B. $121,750 C. $365,250 D. $593,350 QUESTION 14 Sweet Candlelight has the following sales forecasts for its scented candle line next year: First Quarter: 250,000 units Second Quarter: 7% increase over first quarter Third Quarter: 5% decrease from second quarter Fourth Quarter: 12% increase over first quarter What is Sweet Candlelights's estimated sales in units for next year? A. 1,051,625 units O B. 1,078,375 units OC. 1,112,955 units O D. 1,056,245 units QUESTION 15 SnowBunny Toy Store plans to sell 150,000 units of a particular product during July, and expects sales to increase at the rate of 10% per month during the remainder of the year. The company desires to maintain an ending inventory equal to 10% of next month's sales volume. There were 12,100 units in inventory as of June 30. On the basis of this information, how many units should Swansong purchase for the quarter ended September 30? O A. 504,365 units OB. 488,635 units C. 502,550 units OD. 554,015 units QUESTION 16 Lionheart expects business to be robust next year. The company expects that it will be able to sell 6,000 units in the first quarter, and then unit sales will increase 10% for the succeeding three quarters. During the first two quarters each unit will sell for $15; during the last two quarters the sales price will increase by $3.00 per unit. What is Lionheart's estimated sales revenue for next year? A. $360,000 B. $463.428 C. $436,428 D. $417,690