21. The following credit sales are budgeted by The Brilliant& Genius Professor Mullen Company: January February March April The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following, and 8% in the second month following the sale, and 2% The anticipated cash inflow (CR.J) for the month of April is A) $246,880. B) $224,000. C) $240,000. D) $235,200. $136,000 200,000 280,000 240,000 22, The Most Brilliant Professor Mullen Company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder (5%) is never collected. Budgeted credit sales were: January February March The cash inflow (CRJ) in the month of March is expected to be A) $271,200 B) $205,200. C) $216,000. D) $259,200. $240,000 144,000 360,000 23. Which one of the following items would never appear on Professor Mullen's Cash budget? A) Office salaries expense B) Interest expense C) Depreciation expense D) Travel expense Lao Shu Bruce Company's direct materials budget shows total cost of direct materials purchases for January $125,000, February $150,000 and March $175,000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments (CDJ) for March are A) $165,000. B) $160,000. C) $150,000. D) $130,000. 24