Answers only please

Question 2 1 points Save Answer Dooley Company has prepared the following sales budget: Month September October November December Cash Sales $123,000 140,000 167,000 189,000 Credit Sales $210,000 200,000 260,000 190,000 Collections of credit sales are 50% in the month of sale, 40% in the month following sale, and 10% two months following sale. No uncollectible accounts are expected. What are the estimated cash collections in October from October sales? O $125,000 O $140,000 O $230,000 O $240,000 Question 7 1 points Save Answer Calder Water Company has budgeted direct materials inventory purchases as follows: October: $300,000 November: $350,000 December: $410,000 Calder pays for 10% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 20% two months after the month of purchase. What is the budgeted accounts payable balance on December 31? O $369,000 O $404,000 0 $439,000 O $410,000 Question 11 Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 14% collected in the first month after month of sale 9% collected in the second month after month of sale 6% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: A July August September October November December A 82,000 94,000 106,000 118,000 130,000 112,000 A 6 The estimated total cash collections by Fresplanade Co. during November from collection of accounts receivable is: $113,580. 0 $122,700. O $134,680. O $159,280 O $110,820. 2 Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: A A A July August September October November December 89,000 101,000 113,000 125,000 137,000 119,000 A A A The estimated total cash collections by Fresplanade Co. during December from accounts receivable is: O $129,870. $120,750. $146,350. O $173,050. O $117,990