Spajer Company has both cash sales and sales on account. In a typical month, 40% of its sales are cash and 60% are on account (Accounts Receivable). Credit sales are collected 20% in the month of the sale and 80% in the month following the sale. For Q2 of FY2021 the company forecasts sales of $500,000 for April, $700,000 for May, and $800,000 for June. The beginning balance of accounts receivable on April 1 is $300,000. What is the total amount of sales forecasted for Q2? on 4 O out of 10 points Lawrence Co. reports the following sales budget of its product, X2X, for the next four months: January 480 units, February 580 units, X March 600 units, and April 500 units. On January 1 there are so units of xxx in finished goods inventory. Lawrence budgets to have 100 units of X2X on hand at the end of each month. Each finished unit of X2X requires 2 pounds of raw materials, and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. The beginning raw materials inventory for January was 600 pounds. Assume direct materials cost $3 per pound. What is the amount (in dollars) of the raw materials purchases budget in January