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The sales budget for Modesto Corp. shows that 20.900 units of Product A and 22.900 units of Product B are going to be sold for
The sales budget for Modesto Corp. shows that 20.900 units of Product A and 22.900 units of Product B are going to be sold for prices of $10.90 and $12.90, respectively. The desired ending inventory of Product A is 10% higher than its beginning inventory of 2,900 units. The beginning inventory of Product B is 3.400 units. The desired ending inventory of B is 3.900 units. Budgeted purchases of Product B for the year would be: Multiple Choice 0 29.200 units. O 23.400 units. ( 21.400 units. 0 26,300 units. 0 15.600 units. Walter Enterprises expects its September sales to be 30% higher than its August sales of $160.000. Purchases were $110.000 in August and are expected to be $130,000 in September. All sales are on credit and are collected as follows: 40% in the month of the sale and 60% in the following month. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. The beginning cash balance on September 1 is $7,100. The ending cash balance on September 30 would be: Multiple Choice O 0 0 0 0
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