The Philadelphia Freedom Wings Corporation has obtained the following sales forecast data:

	July	August	September	October
Cash sales	$ 95,000	$ 67,000	$ 48,000	$ 50,000
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:

A.) $178,000

B.) $238,000

C.) $216,000

D.) $268,000

Quad City DJs makes one product and has provided the following information to help prepare the master budget for the next four months of operations:

Budgeted selling price per unit	$ 105
Budgeted unit sales (all on credit):
July	10,000
August	11,800
September	10,400
October	9,500
Production per month = 10,000 units
Raw materials requirement per unit of output	5	pounds
Raw materials cost	$ 1.00	per pound
Direct labor requirement per unit of output	3	direct labor-hours
Direct labor wage rate	$ 22.00	per direct labor-hour
Variable selling and administrative expense	$ 3	per unit sold
Fixed selling and administrative expense	$ 70,000	per month

Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following months raw materials production needs. The estimated selling and administrative expense for August is closest to:

A.) $70,000

B.) $100,000

C.) $105,400

D.) $35,400