Answer all questions please

23. Creekstone Company has a sales budget for June of $200,000. Cost of goods sold is expected to be 60 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $10,000, and an ending inventory of $12,000 is desired. Beginning accounts payable is $76,000. The purchases for June are expected to be: a. $82,000. b. $120,000. c. $122,000. d. $78,000 e. $118,000. 24. Arizona Fabrics Co. is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60 percent of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 10 percent of sales and are paid during the month of sale. Other operating costs amounting to 15 percent of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows: What is the amount of fabric purchases during the month of March? A) $480,000 B) $306,000 C) $288,000 D) $300,000 E) $450,000 25. Which of the sources listed below would a manager be LEAST likely to consider in deciding whether or not to discontinue a given segment? A) Direct segment costs B) An evaluation of the importance of the segment to overall operations C) Segment contribution margin D) Segment margin E) Segment share of home office costs allocated on the basis of revenues