5.

Feeney Furniture prepared the following sales budget: Month March April Cash Sales $19,000 $30,000 $36,000 $60,000 Credit Sales $10,000 $13,000 $40,000 $54,000 May June Credit collections are 10% two months following the sale, 60% in the month following the sale, and 25% in the month of sale. The remaining 5% is expected to be uncollectible. What is the total cash received in April from the April sales at Feeney Furniture? O A. $26,750 O B. $43,000 OC. $33,250 OD. $3,250 Fosnight Enterprises prepared the following sales budget: Month March April Budgeted Sales $5,000 $10,000 $12,000 $14,000 May June The expected gross profit rate is 30% and the inventory at the end of February was $5,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending inventory on May 31? O A. $1,960 O B. $9,800 O C. $840 OD. $1,680