QUESTION 2 For ABC venture, the sales forecast for June is $15M The July salos are lorecasted to increase by 10% over June sales. The Cost of goods sold for all months is 60% The firm has a policy to have in hand inventory to cover 70%of its sales los uve month. and the firm plans an additional safety cushion of $1M worth of inventory Find the beginning of July inventory. A $5.62M B $995M C. $8.75M O D $5.92M O E $7.93M QUESTION 3 A venture has $550,000 cash available for the month of June. It needs for disbursements and minimum cash balance a total of $700,000 for the month of June. Find the excess of total cash for the month of June. A s90,000 $(100 000) O C s(200,000) o D $90,000 E $(150,000) Save and submit. Click Save All Answers to save all answers