13) Roarie Enterprises Inc. prepared the following sales budget Month March SalesCredit Sales $18,000 $39,000 $35,000 $51,000 $13,000 May une $50,000 Credit collections are 25% in the month of sale, 60% in the following the sale. The remaining 5% is expected to be uncollectible. month following the sale, and 10% two months What are the total cash collections in June at Two Brothers Moving? A) $101,000 B) $39,600 C) $10,400 D) $90,600 14) Ocean Enterprises prepared the following sales budget Bud March $10,000 516,000 June The expected gross profit rate is 30% and the inventory at the end of February was $500. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What are the total purchases budgeted for May? A) $8400 B) $7840 C) $6160 D) $7000 15) MANGO Company collects 30% in the second month following sale, 60% in the month following sale and 10% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are $90,000 $140,000 $230,000 sales May budgeted sales sales sales The amount of cash that will be collected in July is budgeted to be A) $180,000 B) $200,000 C) $212,000 D) $20,000 16) Oscar Hotdogs Corp expects to sell 6,000 hotdogs in January and 10,00 in February for $2 each. What will be the total sales revenue reflected in the sales budget for those months? A) January $5000; February $3000 C January $12,000; February $20,000 B) January $3000; February $5000 D) January $20,000; February $12,000 17) The human resources department for Kohl's Department Stores may be D) profit center A) investment center B) revenue center C) cost center