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1. A firm has forecasted sales $3000 in April $4500 in May and $6500 in June. All sales are on credit 30% is collected the month of sale and the reminder the following month. What will be balance in account receivable at the beginning of the July?a. $1950b. $6500c. $4550d. $51002. Frisch Fish Corp. expected net income next year to be $600000. inventory and accounts receivable will have to be increased by $300000 to accommodate this sales level. Frisch will pay dividends of $400000. how much external financing will Frisch Fish need assuming no organically generated increase liability?a. no external financing is required.b. $100000c. $200000d. $3000003. Samuelson will produce the 20000 units using level production. If each bed cost$1000 to manufacture what is the dollar value of inventory at the end of winter quarter?a. $0b. $1000000c. the inventory level will be more than 1100000d. there will be shortage4. Allen Lumber Company had earning after taxes of $580000 in the year 2006 with 400000 shares outstanding. On January 1 2007 the firm issued $35000 new shares. Because of the proceeds from these new shares and other operating improvement2007 earning was 25 percent higher than in 2006. Earning per share for the year 2007 was.a. $1.67b. $1.45c. approximately $1.81d. none of the above

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