Question

2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000 138,000 154,000 Units to be produced Desired ending inventory of finished goods 32,000 35,000 38,000 How many units is the company expecting to sell in the month of February A 132,000 B 138,000 c. 135,000 D. 140,000

Answer 1

Con = November (Autosaved) - Microsoft Excel - 0 X Page Layout Formulas Data Review View 19 - } 3 Autosum A7 A Insert Delete Format Home Insert * Cut La Copy Paste Format Painter Clipboard B13 A Comic Sans MS - 11 - A A - Wrap Text Custom BI UBA Merge & Center Font Alignment Number fx Note: Only one question should be asnwered as per guidelines Conditional Format Cell Formatting as Table Styles Styles Clear Sort & Find & Filter Select Editing Cells G H к M N Question 2 april $ 1,20,000.00 $ 30,000.00 Sales 25 % in month of sale 65% in month following sale 5% in second month of sale may $1,00,000.00 $ 25,000.00 $ 78,000.00 june $ 1,10,000.00 $ 27,500.00 $ 65,000.00 $ 6,000.00 Option (b) is correct $ 98,500.00 Note : Only one question should be asnwered as per guidelines 21 22 Sheet175 Sheet176 Sheet177 Sheet178 Sheet179 Sheet181 Sheet182 Sheet231 Sheet184 Sheet1123 Sheel Sheet174 Circular References Ready 100% - 0 19:49 Type here to search o e OD ^ ¢ @ 9 ¢* ENG 20 29-02-2020 W