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Author Question: Morgan Manufacturing is preparing its cash budget for the second quarter. The inventory manager has ... (Read 81 times)

kms5229

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on: Feb 5, 2023

Question 1

Alexa Industries has the following amounts budgeted for selling and administrative expenses for February:

Advertising$78,600
Utilities56,200
Office equipment depreciation14,800
Bad debts6,400
Entertainment13,200
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:

April$62,880
May44,960
June47,360

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
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by kms5229 on Feb 5, 2023

furthoh

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kms5229

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

helenmarkerine

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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