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 102- UNIT 3 REVIEW: CHAPTERS 7, 8 and 9 Name: 1. The Sioux Corporation uses the following sales for the first 4 months of next year 25% in month of sale 65% in month following sale 5% in second month following sale 5% uncollectible Sales have been budgeted as: January February $230,000 March April $260,000 $270,000 $320,000 What are the budgeted cash collections for April? On November 1, Barnes Corporation has 8,000 units of Product A on hand. During the month The company plans to sell 30,000 units of Product A, and plans to have 6.500 units on hand at The end of the month. 2. How many units of Product A must be produced during the month? Munick Industries produces and sell Product Beta. To guard against stock outages, the company Requires that 30% of the next month's sales be on hand at the end of each month June July August September90,000 units 3. 60,000 units 70,000 units 80,000 units Given the above budgeted sales numbers, how many units should Munick plan to produce during the month of August? Page 1 of 9

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