the total tax due when his returns are filed in 2014. Instructions Answer the following questions. 1. Do you think it was important for Michael to stipulate his four criteria for (see page CA-20), including the goal of generating a net income of at least nually? Why or why not? case 6 Cases for Management Decision-Making 6 - SW GAI 2. If the company has sales of $12,000 during January of the first year of business, de- termine the amount of variable and fixed costs associated with utilities and mainte- nance using the high-low method for each. (Round unit variable costs to three decimal places where necessary.) 3. Using the format below, prepare a sales budget for the year ending 2013. Sweats Galore, Inc. Sales Budget For the Year Ended December 31, 2013 Year Dhued December 31, 2013 Quarter 1 2 3 4 Expected unit sales Unit selling price Budgeted sales revenue 4. Prepare a schedule of expected collections from customers. Sweats Galore, Inc. Schedule of Expected Collections from Customers For the Year Ending December 31, 2013 Quarter 2 3 Accounts receivable 1/1/13 -0- First quarter Second quarter Third quarter Fourth quarter Total collections 5. Michael learned from talking with Jayne that the supplier is so focused on making quality sweatshirts that many times the shirts are not available for several days. She w 99+ the total tax due when his returns are filed in 2014. Instructions Answer the following questions. 1. Do you think it was important for Michael to stipulate his four criteria for (see page CA-20), including the goal of generating a net income of at least nually? Why or why not? case 6 Cases for Management Decision-Making 6 - SW GAI 2. If the company has sales of $12,000 during January of the first year of business, de- termine the amount of variable and fixed costs associated with utilities and mainte- nance using the high-low method for each. (Round unit variable costs to three decimal places where necessary.) 3. Using the format below, prepare a sales budget for the year ending 2013. Sweats Galore, Inc. Sales Budget For the Year Ended December 31, 2013 Year Dhued December 31, 2013 Quarter 1 2 3 4 Expected unit sales Unit selling price Budgeted sales revenue 4. Prepare a schedule of expected collections from customers. Sweats Galore, Inc. Schedule of Expected Collections from Customers For the Year Ending December 31, 2013 Quarter 2 3 Accounts receivable 1/1/13 -0- First quarter Second quarter Third quarter Fourth quarter Total collections 5. Michael learned from talking with Jayne that the supplier is so focused on making quality sweatshirts that many times the shirts are not available for several days. She w 99+