D. Improved planning QUESTION 28 The Michael Miller Corporation has a sales budget for next month of $200.000. Cost of goods sold is expected to be 5125.000. All goods are paid for in the month following their purchase. The beginning inventory of merchandise is 58.000. and an ending inventory of 56.000 is desired. Beginning accounts payable is 526.000 How much merchandise inventory will The Michael Miller Corporation need to purchase next month A $123,000 B. $190,000 C $245,000 D. $400,000 QUESTION 29 Joy Manufacturing Company needs to know its anticipated cath inflows for the next quarter by month Cash sales re c ent affal a ch month Historically sales on account have been collected as follows 50 percent in the mouth of the sale. 30 percent in the month after the sale, and the remaining 20 percent two months after the sale B. The amount charged for goods and services offered to the government An amount charged to cover the costs associated with import/export taxes D. The amount charged the final consumer to cover all costs incurred along the value chain QUESTION 27 Which of the following factors is not an advantage of preparing operating budgets? A Improved communications B. Improved basis of performance evaluation C. Increased employee loyalty D. Improved planning QUESTION 28 Click Save and submit to see and abil. Click S a ve all