assume a company is preparing a budget for its first two months of operations. during the first and second months expects credit sales of 50,000 and 60,000 respectively. The company expects to collect 40% of its credit sales in the month of the sale, 55% in the following month and 5% is deemed uncollectible.

what amount of accounts receivable (net) would the company report and its balance sheet at the end of the second month?

a) $54,500

b) $33,000

c) $24,000

d) $51,500

assume a merchandising company's estimated sales for January, February, and march are $119,000, $139,000 and $129,000 respectively its cost of goods sold is always 45% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of good sold it pays for 20% of its merchandise purchases in the month of the purchase and the remaining 80% in the subsequent month.

What are the cash disbursement for merchandise purchases that would appear in the companies cash budget for February?

a) $53,610

b) $59,610

c) $56,610

d) $58,610

urgent answer all parts of thumbs up!!