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##### A June sales forecast projects that 6,000 units ar...

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A June sales forecast projects that 6,000 units are going to be sold at a price of \$10.50 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. Total June sales are anticipated to be: A. 63,000 B. 67,500 C. 61,250 D. 74,250 Impatiens Co. is preparing a cash budget for April. The company had \$12,000 of cash at the beginning of April and anticipates \$30,000 in cash receipts and \$34,000 in cash disbursements during April. Impatiens has an agreement with its bank to maintain a cash balance of at least \$10,000. As of March 31, Impatiens owed \$15,000 to the bank. Impatiens' cash budget for April will show that, in April, Impatiens expects to: A. Borrow \$4,500 from the bank. B. Borrow \$2,500 from the bank. C. Repay \$7,500 to the bank. D. Repay \$6,500 to the bank.,Thank you sir!

Paper#9334 | Written in 18-Jul-2015

Price : \$25