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1)

Parker Corp expects to sell 6,000 units in October, units in October, and expects sales to increase 10% each month thereafter. Sales price is expected to stay constant at $17 per unit. What are budgeted revenues for the fourth quarter?

	A) $102,000.00 B) $337,620.00
	C) $336,600.00
	D) $306,000.00

3) Grover has forecast sales to be $129,000 in February, $139,000 in March, $156,000 in April, and $145,000 in May. The average cost of goods sold is 80% of sales. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in March?

A) $98,500

B) $139,000

C) $95,700

D) $135,000

4)

Dayton has forecast sales to be $210,000 in February, $271,000 in March, $294,000 in April, and $318,000 in May. The average cost of goods sold is 65% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 35% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?

A) $252,050

B) $304,900

C) $171,800

D) $184,550

5)

Dane Inc has forecast purchases on account to be $317,000 in March, $372,000 in April, $422,000 in May, and $491,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for April?

A) $388,500

B) $262,500

C) $355,500

D) $129,500