Page 4 of 7 _5. A company requires 220 pounds of plastic to meet the...
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Page 4 of 7 _5. A company requires 220 pounds of plastic to meet the production needs of a product. It currently ventory for the beginning inventory. The desired ending inventory of 25 pounds of plastic in plasie is 70 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period? A. 195 pounds B. 265 pounds C. 245 pounds D. 290 pounds E. 175 pounds Fredder Company usually sells about 20% of its mierchandise during a month for cash with the remaining sales on account. The company's accounts receivable payment history is as follows: 30% in the month of sale and 70% in the following month. Total budgeted sales for the second quarter are as follows: May June $120,000 80,000 What are the expected cash sales for the month of June? A. $40,000 B. $4,800 C. $64,000 D. $16,000 7. Using the information above, what are the total cash receipts for the month of June. A. $86,400 B. $16,000 C. $102,400 D. $80,000
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