Budgeted Balance sheet must be confirmed by Financial accounting department. True O O False Receivables turnover ratio high is preferable, because high value shows we receives them in a short time and put in the business again shown we receive high amount none of them O it increases our net income One of the main problem with the ratio analysis is Taxation rules and accounting rules are different There are many errors in preparation of statements O none of them O Different companies use different evaluation methods Units of production; April-30,000 May-40,000 June-50,000 Each unit of product needs 6 minutes work of direct labor. Each employees work for 38 hours per week, and their wages is $14 per hour. What is the total labor budget for the April-June period? 120,000 168,000 12,000 none of them Sales Budget Month October November December January Credit $40,000 $50,000 $60,000 $35,000 Sales Expected cash collection pattern is 50% in the month of sale, 30% in the following month, and 15% in the second following month. Five percent of the credit sales are uncollectible. December collections will be: 51,000 54,000 50,000 35,000 The following projections have been made: 1. Cash sales, $380,000. 2. Beginning cash balance, $30,000. 3. Operating expenses of $420,000, including depreciation of $20,000 4. Interest expense of $12,000 is included in operating expenses 5. Borrowing, $50,000. 6. End-of-period accrued liabilities of $20,000 for operating expenses. What is the projected ending cash balance? 52,000 48,000 80,000 40.000