31. A company's sales were $ 200,000 last quarter. For this quarter, the company budgeted an 8% increase in the number of units to be sold and a 5% increase in the unit sales price. What is the monetary amount of sales in the budget for the current quarter?

a. It cannot be calculated without knowing the unit sale price of the last quarter b. $ 226,000 c. $ 210,000 d. $ 216,000 e. $ 226,800

32. With respect to the previous question, suppose that the company pays commissions to the sellers and that this expense varies directly with the sales. Last quarter commission expense was $ 6,000. How much will the estimate be for this quarter? a. $ 6,000 x 1.05 = $ 6,300 b. $ 6,000 x 1.08 = $ 6,480 c. $ 6,000 x 1.13 = $ 6,780 d. None of the above

33. A company makes all its sales on credit. Collect 20% of the accounts in the month of sales; 50% in the month following sales, 25% in the second month after sales, and 5% in the third month after sales. You do not have bad debts. How much will be the amount charged in the month of November? a. The question cannot be answered if monetary amounts are not provided. b. 5% of August sales + 25% of September sales + 50% of October sales + 20% of November sales c. 5% of September sales + 25% of October sales + 70% of November sales d. 70% of September sales + 25% of October sales + 5% of November sales

34. The budget is a tool that facilitates: a. Communication and coordination of operations b. Control of operations c. Performance evaluation d. All of the above

35. Which of the following would be the first step in preparing the master budget? a. Sales budget, because knowing the sales we can determine how much we are going to produce and have in inventory. b. Budget for raw material purchases, because that way we know how much we can produce and sell. c. Cash budget, because that way we know how much money we have to pay for production costs. d. Sales forecast, because it gives us an estimate of the total sales of our industry and the portion of those sales (market share) that our company will be able to obtain.