My Notes +Ask Your Teacher 1. 0/5 points Previous Answers Question 1. (production budget) The following table presents Generic Motors Company's production budget. GM's Inventory policy is to have ending inventory equal to 10% of next month's sales February March April x3,000 Ending inventory Beginning inventory 5,000 Budgeted sales Budgeted production X 19,000 9,000 15,000 X Required (a) Fill in the missing numbers in the table above. (Hint If you get stuck: What Is the relation between endinq inventory for one month and beginning inventory for the following month?) Practice Another Version Submit Answer 2. -15 points My Notes +Ask Your Teacher Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month August September 120,000 October November s160,000 December s150,000 You estimate that you will collect 45 % of sales revenue in the month of sale, 40 % in the following month, 10 % two months after the sale, and the remaining 5 % three months after the sale Sales revenuel $100,000 s165,000 Required: Compute budgeted cash inflows for November and December. November December (Hint: pay attention to the timing, e.g. "40% is collected in the following month" means 40% of August revenue is collected in September, i.e., cash receipts (inflows) for September include 40% of previous month's sales revenue.)