Budgeted Sales October 80,000 300,000 320,000 360,000 200,000 Planning Assumptions: 5% of all Sales are cash. Accounts receivable are collected 60% in the month of sale, 30% in the next month, and ith the final 10% in the third month Con d Goods sold 40% d sales invert ry spui ha se n he month prio to the sale, 70% s paid in the month of acquisition and 30% is paid the next month Operating Expenses Salaries Depreciation Rent Utilities Other 10,000 20,000 5,000 Commissions 2% of prior month's sales Supplies 1% current month Cost of Goods sold What is the budgeted amount of Operating Expenses for December? o a $108,840 o b. $109,640 0 c. S111.000 o d $111.800 i nnints Close Window Ciek Save and Submit to save and submit. Cick Save All Answers to save all answers Save All Answers