Reference no: EM132441470

Question -

Q1. Junior Snacks reports the following information from its sales budget:

Expected sales -

 October $137,000

November 145,000

December 181,000

All sales are on credit and are expected to be collected 45% in the month of sale and 55% in the month following sale. The total amount of cash expected to be received from customers in November is:

$140,600

$75,350

$145,000

$220,350

$65,250

Q2. Cameroon Corp. manufacturing and sells electric staplers for $16.50 each. If 10,000 units were sold in December, and management forecasts 4.5% growth in sales each month, the number of units od electric stapler sales budgets for March should be:

10,000

11,411

10,450

10,920

11,050

Q3. Southland Company is preparing a cash budget for August. The company has $17,900 cash at the beginning of August and anticipates $122,600 in cash receipt and $135,400 in cash payments during August Southland Company wants to maintain cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:

$15,100

$140,500

($12,800)

$5,100

$27,900