four total questions here (please open the photo). id like to check my answers on 19+20 as well. thank you!

March Use the following information for questions 17-18: The following credit sales are budgeted by Polar Electronics: January S124,000 February 120,000 135,000 April 140,000 May 142,000 The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale. Two percent are uncollectible. 17. 14-225 budgeting Use the above information. How much does the company anticipate as cash receipts for April? A. S125,820 B. $128,300 C. $132.100 D. $134,500 E $137,300 Use the above information. How much does the company anticipate as cash receipts for May? A. $125,820 B S128,300 C. $132.100 D $134,500 E $137,300 18. Use the following information for questions 19-20: Liv, Inc. reports all its sales on credit, and pays operating costs in the month incurred, Amounts for 20X1 are: Budgeted sales Budgeted purchases March April May June July $300,000 $290,000 $320,000 $280,000 $210,000 $144,000 $120,000 $128,000 $132,000 $90,000 . 64+ 224 Customer amounts on account are collected 80% in the month of sale and 20% in the following month. Cost of goods sold is 60% of sales. Liv purchases and pays for merchandise 60% in the month of acquisition and 40% in the following mooth. Operating expenses are: Salaries, $50,000; Depreciation, $12,000; Rent, S15,000; and Utilities, $14,000; (Salaries and Rent and Utilities are paid in the month incurred). Accounts payable is used only for inventory acquisitions. 19828. presenting what they think sales & 19. How much cash will Liv receive during June from customers? purchases are $224,000 B) $288,000 C. $300,000 July D. $308,000 may E. $311,000 807. 262 June 20% 20. How much is Liv's June 30, 20X1 budgeted Accounts Payable? A. 551,200 AVP B.) $52,800 C. $76,800 D. $79,200 Moy E. $84,000 June one multiplication to get May auwer June Gol Sales May Jone $289 29. at itiran cash earense Purchases paid 60 462 40%