40.

49

For February, sales revenue is $700,000, sales commissions are 5% of sales, the sales manager's salary is $90,000, advertising, expenses are $90,000, shipping expenses total 2% of sales, and miscellaneous selling expenses are $2,500 plus 1/2 of 1% of sales Total selling expenses for the month of February are a. $241,000 b. $235,000 c. $161,000 d. $237,500 A compary is p eparing its cash bodget. Its cash balance on January 1 is $325,000, and it has a miruimum cash requirement of $360,000. The following data have been provided: What is the amount of cash excess or deficiency (after considering the minimum cash balance required) for February? 3. excess of $14,100 b. deficiency of $900 c. excess of $109,100 d. deficiency of $109,100