Sales Revenue for January is forecast to be $100,000 Sales Revenue for February is forecast to be $200,000 Sales Revenue for March is forecast to be $300,000 The Firm Collects Cash From Its Sales Revenue as follows: 20% in the Month of Sale 60% one Month After Sale 15\% two Months After Sale. The Accounts Payable in the Balance Sheet at the start of January is $30,000 The Accounts Receivable in the Balance Sheet at the start of January is $25,000 How much will the firm collect in cash in March? Select one: a. $158,000 b. $195,000 c. None of these answers d. $150,000 e. $152,000 Raw Material Purchases for January are forecast to be $10,000 Raw Material Purchases for February are forecast to be $20,000 Raw Material Purchases for March are forecast to be $30,000 The Firm Pays for its Raw Material Purchases as follows: 40% in the Month of Purchase 60% one Month After Purchase. The Accounts Payable in the Balance Sheet at the start of January is $3,000 How much will the firm pay for Raw Material Purchases in January Select one: a. $7,000 b. None of these answers c. $14,000 d. $9,200 e. $12,000 Sales Revenue for January is forecast to be $100,000 Sales Revenue for February is forecast to be $200,000 Sales Revenue for March is forecast to be $300,000 The Firm Collects Cash From Its Sales Revenue as follows: 20% in the Month of Sale 60% one Month After Sale 15% two Months After Sale. The Accounts Payable in the Balance Sheet at the start of January is $30,000 The Accounts Receivable in the Balance Sheet at the start of January is $25,000 How much of February sales will the company never collect in cash? Select one: a. $5,000 b. $10,000 C. None of these answers d. $8,000 e. $2,000 A firm forecasts the following costs for the next quarter: Direct Material Purchase Cost: $10,000 Direct Labor Cost: $20,000 Depreciation on Factory Equipment: $40,000 Fixed Portion of Plant Electricity Bill: $39,000 Indirect Materials: $21,000 Depreciation on Office Equipment: $2,000 What is the Cash Payments for Fixed Production Overhead for the next quarter? Select one: a. $102,000 b. None of these answers c. $60,000 d. $132,000 e. $100,000 Sales for January are forecast to be 4,000 units Sales for February are forecast to be 6,000 units Sales for March are forecast to be 8,000 units. The firm requires a Closing Inventory of Finished Goods equal to 20% of next month's sales. The inventory of finished goods on 1 January is 500 units. How many units will the firm produce in January? Select one: a. 4,700 units b. 1,000 units c. None of these answers d. 5,000 units e. 5,200 units Sales for January are forecast to be 2,000 units Sales for February are forecast to be 3,000 units Each unit of finished goods requires 2 units of Material X and 4 units of Material Y. Material X costs $3 per unit and Material Y costs $4 per unit. Assume the firm does not hold any inventory. How much Material X (in $ ) will the firm require to purchase for January Select one: a. $40,000 b. None of these answers c. $50,000 d. $10,000 e. $32,000 Sales for January are forecast to be 4,000 units Sales for February are forecast to be 6,000 units Sales for March are forecast to be 8,000 units. The firm requires a Closing inventory of Finished Goods equal to 20% of next month's sales. The inventory of finished goods on 1 January is 500 units. How many units will the firm produce in February? Select one: a. 5,400 units b. 1,000 units c. 5,200 units d. 5,600 units e. None of these answers Sales for January are forecast to be 2,000 units Sales for February are forecast to be 3,000 units Each unit of finished goods requires 2 units of Material X and 4 units of Material Y. Material X costs $3 per unit and Material Y costs $4 per unit. Assume the firm does not hold any inventory. How much Material x (in $ ) will the firm require to purchase for January Select one: a. $12,000 b. $6,000 c. None of these answers d. $4,000 e. $8,000 Raw Material Purchases for January are forecast to be $10,000 Raw Material Purchases for February are forecast to be $20,000 Raw Material Purchases for March are forecast to be $30,000 The Firm Pays for its Raw Material Purchases as follows: 40% in the Month of Purchase 60% one Month After Purchase. How much will the firm pay for Raw Material Purchases in February Select one: a. $14,000 b. $16,000 C. $9,200 d. $12,000 e. None of these answers