SchoolDude. Inc. expects sales of 20.000 units of T1 m September. T1 is its most popular high-performance desktop model The sales manager is confident that, between October and December, the total sales will experience a 50% growth rate each month from the month before. Each unit requires 40 sets of the Alpha-5 chip. The firm has a policy to maintain inventory at the end of each month equal to 1% of the following month's estimated sales. The same policy apples to the chips and components required to assemble the finished product. Required: What is the budgeted production (in units) for each of the months September. October, and November? How many sets of Alpha-5 does the company plan to purchase in September and in October? (b) Information pertaining to FSI Limited budgeted sales revenue for the first quarter of the coming year is presented below. Management estimates that four percent of credit sales are likely to be uncollectible, Of the collectible credit sales. 60% are expected to be collected in the month of sale and the remainder in the month following the month of sale. Required: Calculate total budgeted cash receipts for February. (c) Thompson Tax Services (TTS) provides tax-planning services to its clients. The company billed 5,000 hours at $100 per hour for the year just completed. TTS. in planning next year's operations, is focusing on increasing the company's share of the market. It proposes to do that by hiring more tax specialists and by lowering its billing rate by 20% for work done by these new specialists. TTS estimates that revenues generated from existing staff would increase in total by 40% as a result of the new billing policy and that the additional specialists will provide billings of 3,000 hours (at the reduced rate) during the coming year. Required: Compute the budgeted revenue amount for next year based on TTS's plans and projections