1 ABC Company projects the next period sales will be 12,000 units. ABC Company d

1 ABC Company projects the next period sales will be 12,000 units. ABC Company desires ending inventory equal to 20% of the next month’s sales. If the beginning inventory is 100, and the current month’s sales are 14,000, what is the number of units that will need to be purchased for the current month? 2. Assume the following information for the month of August. JUNE SALES = $40,000 JULY SALES = $65,000 AUGUST SALES = $52,850 All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. The beginning cash balance is $14,670, with cash payments of $24,653. If the minimum cash balance is $50,000, what is the amount needed by the bank, or how much is available to paw towards the bank loan? Show the amount needed as a positive number and the amount to repay a loan as a negative number. 3 ABC Company has sales forecasts of the following: January =$40,000, February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. What are total cash receipts for March ? 4