Red Rover makes re-usable microbe testing pods that are transportable and has forecast sales to be $130,000 in February, $140,000 in March, $155,000 in April, and $145,000 in May. The average cost of goods sold (COGS) is 70% of sales. All sales are made on credit and are collected 60% in the month of sale, and 40% the month following. What are forecasted cash receipts in April? Multiple Choice $109,000 $146,000 $155,000 $149,000 Williams Inc. makes multi-colored lens for the astrological telescope industry. The Company plans to produce the following for the next few months: July 5,300 lens, August 7,600 lens, September 8,000 lens, October 8,900 lens. Each lens requires 0.5 square meters of crystal. Williams Inc.'s goal is to maintain crystal ending inventory at 30% of next month's production needs. On July 1 lens inventory was expected to be 795 square meters. What will lens purchases be for July? Multiple Choice 0 2,745 square meters o 2,995 square meters o 3,145 square meters o o 4,020 square meters