Hesterman Corporation Makes One Product and Has Provided the Following

question 167

Multiple Choice

Hesterman Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:
Credit sales are collected:
40% in the month of the sale
60% in the following month
The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs.
-The expected cash collections for May is closest to:

• A) $920,400
• B) $995,920
• C) $552,240
• D) $443,680

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Definitions:

Steering Wheel

The primary control interface for a vehicle's direction, allowing the driver to maneuver the vehicle by turning it left or right.

Alignment Turntables

Devices placed under a vehicle's wheels allowing them to pivot easily, facilitating precise adjustments during wheel alignment procedures.

Protractor Scales

Measurement tools made of transparent plastic or metal with degree markings used to measure angles.

Turn Stop

Turn stop usually relates to a mechanical feature designed to limit the rotation angle of a component, ensuring controlled movement or positioning.