Multiple Choice Question 127 Bramble Corp. reported the following information for 2016: October $440000 November December $400000 $490000 Budgeted sales Budgeted purchases $260000 $216000 $248000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 35% of sales. Bramble purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Bramble receive during November? $200000 O $420000 o $400000 0 $445000 Multiple Choice Question 130 Sunland Company reported the following information for 2016: October $340000 November $356000 December $388000 Budgeted purchases Operating expenses are: Salaries, $110000; Depreciation, $50000; Rent, $22000; Utilities, $35000 Operating expenses are paid during the month incurred. Accounts payable is used only for inventory acquisitions. How much is the budgeted amount of cash to be paid for operating expenses in November? o $217000 O $163500 O $167000 O $523099 Multiple Choice Question 82 Swifty Corporation makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 7000 Shipping 1.20 Advertising 0.30 Executive salaries 45000 Depreciation on office equipment 8600 Other 0.35 33000 Expenses are paid in the month incurred. If the company has budgeted to sell 6000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October? O $12600 O $108300 $14700 O $27967