The Lime Corporation has obtained the following sales forecast data July August September October Cash sales 80,000 70,000 50,000 60,000 Credit sales $240,000 $220,000 $180,000 $200,000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for October would be: Multiple Choice $248,000 Red Enterprises has budgeted sales in units for the next five months as follows: 4,630 units 7,750 units June July 5,430 units August September 6,960 units October 3,830 units Past experience has shown that the ending inventory for each month must be equal to 20% of the next month's sales in units. The inventory on May 31 contained 926 units. The company needs to prepare a production budget for the second quarter of the year. The total number of units to be produced in July is: Multiple Choice 7,750 units Heat Corporation has budgeted for the following sales: July $447,000 $582,000 $616,000 $891,000 August September October Novembeir $740,000 December $700,000 Sales are collected as follows: 20% in the month of sale: 55% in the month following the sale, and the remaining 25% in the second month following the sale. In Heat's budgeted balance sheet at December 31, at what amount will accounts receivable be shown? Multiple Choice $560,000