AaBbCcDc AaBbCcDc AaBb C AaBbcc AaBBC ABCDd F Normal 1 No Spac.. Heading 1 Heading 2 Heading 3 Heading 4 Paragraph 14 Styles QUESTION 16 Information pertaining to Yekstop Corp's sales revenue is presented below: November December January Cash sales $ 97,000 $ 126,000 $ 79,000 Credit sales 289,000 451,000 235,000 Total sales $ 386,000 $577,000 $314,000 Management estimates that 4% of credit sales are eventually uncollectible of the collectible credit sales, 60% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 70% of the sales projected for the month. All purchases of inventory are on open account: 20% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 50% of the selling prices. Budgeted December cash payments by Yekston Corp. for December inventory purchases are: $230,800 $57.700 $157,160 C$269,684 $39,290 QUESTION 17 Doanne Food Processing expects to have 46,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company budgets the following production (in units) for April through July, inclusive: April 130,000 May 140,000 June 159,000 July 130,000 At the end of each month the firm desires its ending raw material inventory to be 10% of the next month's production needs. Each finished unit requires two pounds of raw materials. Doanne's budgeted purchases for raw materials (in pounds) during April should be 288,000. 334.000 243,000 c242.000 C260,000