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Aug. 12 Sep. 12 Oct. 12 Based on the above data, the company's scrap value in relation to the standard dollar value of output produced appears to be Question 11 (PLAN-0013) In preparing its cash budget for July 2012, Reed Company made the following projections: Sales Gross profit (based on sales) Decrease in inventories Decrease in accounts payable for inventories For July 2012 what were the estimated cash disbursements for inventories? Question 12 (PERM-0022) The following selected data is for the Consumer Products Division of Gerriod Corp. Sales Average invested capital (total assets) Net operating profit Cost of capital