Wichita Industries' sales are 20% cash and 80% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the following month. On December 31, the accounts receivable balance includes $13,000 from November sales and $42,000 from December sales. Assume that total sales for January are budgeted to be $51,000. What are the expected cash receipts for January from the current and past sales?

a. 26,520

b. 60,520

c. 62,820

d. 64,320

e. 74,520

Alliance Companys budgets production of 28,000 units in January and 32,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each months ending raw materials inventory should equal 40% of the following months budgeted materials. The January 1 inventory for this material is 33,600 pounds. What is the budgeted materials cost for January

a. 168,000

b. 244,800

c. 177,600

d. 100,800

e. 144,000