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1. Liberty University BMAL 530 Module 4
Reading Quiz 4
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BMAL 530 Module 4 Reading Quiz 4
Question1
ABC Company’shasDecemberunitsalesof 12,000
units.Assuminga5% growth,anda sellingprice per
unitof $40, whatis the projectedunitsales?
Question2
ABC Companyhassalesforecastsof the following:
January= $40,000; February= $65,000; March =
$52,850. All salesare on account andare collected
as follows:20%inthe currentmonth,50% in the
monthfollowing,25%inthe secondmonthfollowing,
and 5% uncollectible.Whatare the cash receiptsfor

2. March?
Question3
ABC Companypaysformerchandise bypaying
cash and usingcredit.Creditpurchasesequal 80%
of the purchases.Of those purchasedoncreditthe
purchasesare paidfor as follows:60%inthe current
month,35% in the monthfollowing,and5% in the
secondmonthfollowing.Assume January
purchasesare $65,000. Howmuch of the January
purchasesare paidfor in January?
Question4
ABC Company’shasDecemberunitsalesof 12,000
units.Assuminga5% growth,whatisthe projected
unitsales?

3. Question5
ABC Companyhassalesforecastsof the following:
February= $40,000; March = $65,000. All salesare
on account andare collectedasfollows:20% inthe
currentmonth,50% inthe month following,25% in
the secondmonthfollowing,and5%uncollectible.If
the total cash receiptsforMarch equal $48,250,
whatis the salesforecastforJanuary?
Question6
Assume the followinginformationforthe monthof
August.June sales=$40,000; Julysales=
$65,000; Augustsales=$52,850. All salesare on
account and are collectedasfollows:20% inthe
currentmonth,50% inthe month following,25% in
the secondmonthfollowing,and5%uncollectible.
The beginningcashbalance is$14,670, withcash
paymentsof $24,653. If the minimumcashbalance
is$50,000, whatis the amountneededbythe bank,
or howmuch is available topaytowardsthe bank
loan?Showthe amountneededasa positive
number,andthe amountto repaya loanas a
negative number.

4. Question7
ABC Companyprojectsthe nextperiodsaleswillbe
12,000 units.ABCCompanydesiresending
inventoryequal to20% of the nextmonth’ssales.If
the beginninginventoryis100,and the current
month’ssalesare 14,000, whatisthe numberof
unitsthat will needtobe purchasedforthe current
month?
Question8
Assume the followinginformationforthe monthof
August.June sales=$40,000; Julysales=
$65,000; Augustsales=$52,850. All salesare on
account and are collectedasfollows:20% inthe
currentmonth,50% inthe month following,25% in
the secondmonthfollowing,and5%uncollectible.
The beginningcashbalance is$14,670, withcash
paymentsof $24,653. If the minimumcashbalance
is$40,000, whatis the amountneededbythe bank,
or howmuch is available topaytowardsthe bank

5. loan?Showthe amountneededasa positive
number,andthe amountto repaya loanas a
negative number.
Question9
ABC Companypaysformerchandise entirelyon
creditas follows:60%inthe current month,35% in
the monthfollowing,and5% inthe secondmonth
following.AssumeJanuarypurchasesare $65,000.
How muchof the Januarypurchasesare paidforin
January?
Question10
ABC Companyprojectsthe nextperiodsaleswillbe
12,000 units.ABCCompanydesiresending
inventory equal to20% of the nextmonth’ssales.
What isthe desiredinventory?
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