Question
1. Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Sales Revenue October $42,000 November $45,000 December
1. Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Sales Revenue October $42,000 November $45,000 December $50,400 Whistle Works sells each whistle for $12. How many units does Whistle Works thinks it will sell in December?
a. 3,750 units
b. 604,800 units
c. 4,200 units
d. 11,450 units
2. Feeney Furniture prepared the following sales budget:
Month Cash Sales Credit Sales
March $22,000 $13,000
April $40,000 $20,000
May $38,000 $40,000
June $59,000 $52,000
Credit collections are 30% in the month following the sale, and 62% in the month of sale. The remaining 8% is expected to be uncollectible.
What is the total cash received in April from the April sales at Feeney Furniture?
| a. | $52,400 | |
| b. | $60,000 | |
| c. | $12,400 | |
| d. | $27,600 |
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The Management System Auditors Handbook
Authors: Joe Kausek
1st Edition
087389670X, 978-0873896702
