Question 1
Alexa Industries has the following amounts budgeted for selling and administrative expenses for February:
| Advertising | $78,600 |
| Utilities | 56,200 |
| Office equipment depreciation | 14,800 |
| Bad debts | 6,400 |
| Entertainment | 13,200 |
What amount will Alexa report on its February cash budget for selling and administrative expenses?
◦ $169,200
◦ $154,400
◦ $156,000
◦ $148,000
Question 2
Morgan Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases:
The controller reports that Morgan pays for 20% of its purchases in the month of purchase, 60% in the month following purchase, and 20% in the second month after purchase. What are Morgan's budgeted cash payments for purchases in June?
◦ $9,472
◦ $39,552
◦ $49,024
◦ $89,912
Preparing a Manual Patient Ledger.
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Preparing Slides
Preparing Canapés ( 5 of 5)
US federal budget deficit/surplus and debt
Quarter Circle