O $300,000 To be used for Questions 11-13 (Chapter 8-Budgeting): Assume the following budgeted information for a merchandising company: Budgeted sales (all on credit) for November, December, and January are $250,000, $220,000, and $200,000, respectively (selling price per unit is $25). Cash collections related to credit sales are expected to be 75% in the month of sale, 25% in the month following the sale. The cost of goods sold (merchandise) is 65% of sales. Each month's ending merchandise inventory equals 20% of next month's cost of goods sold. 40% of each month's merchandise purchases are paid in the current month and the remainder is paid in the following month. Monthly selling and administrative expenses that are paid in cash in the month incurred total $20,500. Monthly depreciation expense is $20,000. Question 11 5 pts Question 11 The expected cash collections in December are: $242,500 $227,500 $233,400 $215,000 None of the above Question 12 The total cash disbursements in December for merchandise purch Question 12 5 pts The total cash disbursements in December for merchandise purchases would be: (Note that a merchandise purchases budget is the same as the raw materials budget in a manufacturing company with the ending merchandise inventory used instead of the ending raw materials inventory and the cost of goods sold used instead of the cost of materials required for production.) $232,800 $149,540 $151,320 $212,800 None of the above D Question 13 The accounts receivable balance at December 31 is: $55,000 $117,500 $165,000 $81,300 None of the above 5 pts To be used for Questions 14-17 (Chapter 9 - Flexible Budgeting): Trump Corpora manufactures and sells a single product. The company uses units as the measure of ac