1. Crow Manufacturers, Inc. projected sales of 53,314 bicycles for 2012. The estimated January 1, 2012, inventory is 4,017 units, and the desired December 31, 2012, inventory is 6,570 units. What is the budgeted production (in units) for 2012?
2. Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $21,100 for March and $37,400 for April, what are the budgeted cash receipts from sales on account for April?