Kalanja Designs, which produces earrings, is developing direct material standards. Each earring requires 0.32 kilograms of a special metal. The allowance for waste is 0.70 kilograms per earring, while the allowance for rejects is 0.10 kilograms per earring. What is the standard quantity of metal per earring? 0.32 kilograms 1.12 kilograms O 0.42 kilograms 1.02 kiloprams Romona Company expects its November sales to be 20% higher than its October sales of $160,000. All sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $60,000 in October and are expected to be $120,000 in November. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,400. The cash balance on November 30 will be $91,000 $175,000 $77,600 $64,200 Lakewood Jet Skis has budgeted sales for June and July at $490,000 and $480,000, respectively. Sales are 75% credit, of which 30% is collected in the month of the sale and 70% is collected in the following month. What is the accounts receivable balance on July 31? $336,000 $360,000 $252,000 $257,250