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please help to solve these 2 mcq Question 24 Swifty, Inc. reports all its sales on credit, and pays operating costs in the month incurred.

please help to solve these 2 mcq

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Question 24 Swifty, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are: March April May. June July Budgeted sales $300400 $291000 $319500 $279800 $210600 Budgeted purchases $143200 $119900 $127000 $131300 $90300 . Customer amounts on account are collected 70% in the month of sale and 30% in the following month. . Cost of goods sold is 55% of sales. . Swifty purchases and pays for merchandise 45% in the month of acquisition and 55% in the following month. . Operating expenses are: Salaries, $50000; Depreciation, $13000; Rent, $15000; and Utilities, $14700. . Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during May from customers? O $307590 $310950 $223650 $299550Question 25 Coronado, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2020 are: March er y. In 00 July. Budgeosismes $300900 $200100 $320200 $220500 $200200 Budgesed purchases $144400 $120600 $122500 $131000 $00000 . Customer amounts on account are collected 25% in the month of sale and 25% in the following month. . Cost of goods sold is 20% of sales. - Coronado purchases and pays for merchandise 30% in the month of acquisition and 20% in the following month. . Operating expenses are: Salaries, $50900; Depreciation, $12300; Rent, $15000; and Utilities, $14000. . Accounts payable is used only for inventory acquisitions. How much is Coronado\" budgeted balance for Accounts Payable at May 31, 2020? O $125430 0 $04420 D $30250 O $89250

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