Ratchet Manufacturing anticipates total sales for August September, and October of $210,000, $220,000, and $230,500 respectively. Cash sales are normally 20% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of accounts receivable to be reported on the company's budgeted balance sheet for August 00089is 000cvs 0009 000 Flagstaff Company has budgeted production units of 9,500 for July and 9,700 for August. The direct materials requirement per unit is 2 ounces (oz). The company requires to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following month. There was 4750 ounces of direct material in inventory at the start of July. The total ounces of direct materials to be purchased in July is: * 19,000 oz. 19,400 oz. 23,850 oz. 19,100 oz. 18.900 oz. Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $780,000 and cost of goods sold is 40% of sales. The expected selling expenses are $86,000 and the expected general and administrative expenses are $95.000, which includes $28,000 of depreciation. The company's income tax rate is 30%. The budgeted net income for 2018 is: o $468,000. o $200,900. o $287,000. o $85,700. o S86,100. Charm Enterprises production budget shows the following units to be produced for the coming three months: Units to be produced April May June 3,460 3,780 3,660 A finished unit requires five ounces of a key direct material. The March 31 Raw Materials Inventory has 7,560 ounces (oz) of the material Each month's ending Raw Materials Inventory should be 40% of the following month's production needs. Materials purchases in May should be? 18,660 oz. 18,900 oz. 11,340 OZ. 26,220 02