The master budget for a given accounting period has

61. What are Boone Co.'s budgeted cash receipts for January?

A. $74,200.

B. $85,000.

C. $87,000.

D. $94,200.

E. $99,000.

62. What are Boone Co.'s budgeted cash receipts for February?

A. $85,400.

B. $95,000.

C. $106,600.

D. $109,400.

E. $112,900.

Ardel Co. budgeted to sell 200,000 units of Zbox in September. Production of one unit of Zbox required two pounds of aluminum and five pounds of steel powder. The beginning inventory and the desired ending inventory in units are:

63. How many units of Zbox are to be manufactured by Adel Co. during September?

A. 150,000.

B. 189,000.

C. 200,000.

D. 201,000.

E. 202,000.

64. How many pounds of aluminum powder does Ardel Co. need to purchase during September if Ardel plans to manufacture 150,000 units of Zbox in September?

A. 143,000 pounds.

B. 157,000 pounds.

C. 286,000 pounds.

D. 293,000 pounds.

E. 300,000 pounds.

65. How many pounds of steel powder does Ardel Co. need to purchase during September if Ardel plans to manufacture 150,000 units of Zbox in September?

A. 725,000 pounds.

B. 745,000 pounds.

C. 750,000 pounds.

D. 755,000 pounds.

E. 775,000 pounds.

Information pertaining to Yekstop Corp.'s sales revenue is presented below.

Management estimates that 4% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. The purchase costs are approximately 60% of the selling prices.

66. Total budgeted cash collections for Yekstop Corp. in December are:

A. $556,512.

B. $375,216.

C. $495,080.

D. $502,568.

E. $506,780.

67. Total budgeted cash collections in January by Yekstop Corp. are:

A. $556,512.

B. $375,216.

C. $421,728.

D. $464,006.

E. $502,568.

68. Total budgeted inventory purchases in November by Yekstop Corp. are:

A. $258,750.

B. $316,350.

C. $384,000.

D. $489,150.

E. $527,250.

69. Total budgeted inventory purchases in December by Yekstop Corp. are:

A. $86,250.

B. $140,400.

C. $226,650.

D. $258,750.

E. $345,000.

70. Budgeted December cash payments by Yekstop Corp. for December inventory purchases are:

A. $67,995.

B. $103,500.

C. $158,655.

D. $241,500.

E. $289,440.

71. Budgeted cash payments in November for November inventory purchases by Yekstop Corp. are:

A. $76,625.

B. $94,905.

C. $115,200.

D. $161,280.

E. $221,445.