Hi there,

Can you please just give the answers

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 goods 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 disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice $58,610 $59,610 $56,610 $53,610 Sales Cash paid for merchandise purchases Selling and administrative expenses Accounts payable, May 1st Accounts payable, May 31st $136,000$90,000$30,000$23,400$31,000 If the company maintains no beginning or ending merchandise inventory and makes all of its inventory purchases on account, what is the budgeted net operating income for May? Multiple Choice $39,400 $31,000 $16,800 $8,400