Cash sales are 30 of each products monthly sales the

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Reference no: EM13568114

1.Parthenon, Inc. sells two products, Yo-Yos and Hula Hoops. The sales forecast in units for the first quarter of the coming year is:

	Yo-Yos	Hula Hoops
January	20,000	36,000
February	28,000	60,000
March	36,000	64,000

Cash sales are 30% of each product's monthly sales. The remaining sales are credit sales that are collected as follows: 70% in the month of sale, 20% the next month, and 10% in the following month. Unit sale prices are $30 and $20 for Yo-Yos and Hula Hoops, respectively.

Determine the company's cash receipts for March from its current and past sales.

2.Lawson, Inc. is preparing its budget for the second quarter. The following sales data have been forecasted:

	April	May	June	July	August
Unit sales	640	720	780	620	660

Additional information follows:

Inventory on March 31:	192 units
Desired ending inventory each month:	30% of next month's sales

How many units should be purchased in April, May, and June? How many units should be purchased in the second quarter in total?

Reference no: EM13568114

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