ACCT 2060-Spring Problem #1 (30 points) A. Shown below is the sales forecast for Coope r Inc. for the first four months of the coming year Apr $14,000 $70,000 Feb Mar Jan $15,000 24,000 $18,000 Credit sales 100,000 $120,000 $90,000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month tollowing sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflowin March is: s B. 50o0 nits in May walsh Company expects sales of Product w$0beenoo- and 70,000 units in Jane. The company desines that the sveonnd a month be equal to 40% ofthe next month's expectedun.des Gim to" ntmation. Walsh Company's production of Product W for the month of Aaril should be L t C. Prestwich Company has budgeted production for nest year as follows First quarter Second quarter 60,000 Third quarter Proxuction in units 8o,000 Two pounds of material A are required for eacth unit produced. The copany maintaining a stock of material A on hand at the end of each quarter's production needs for material A. A total of 30,000 po terial A are on hand to would be ounds of start the year. Budgeted purchases of material A for the fosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is Budgeted cash receipts total $188,000 and budgeted cash disbursements total D. M s16,000 $187,000. The for June will be: S desired ending cash balance is $40,000. The amount to borrow or financing