Question 1:

Qestion 2:

1. Assume the following data relates to the third quarter (July, August, September): $50,000 from June will be collected. Sales for July are $400,000 of whch 65% will be collected in July and 35% in August. Sales of August are. $550,000 of which 80% will be collected in August and 20% will be collected in September. Sales in September are $800,000 of which 70% will be collected in September and the balance collected in October. How much money will be collected in August? (Do not include a dollar sign or comma in your answer.) Fill in the blank Statir/Planned Rudret for Charlene Chimnev/ Cleanind Servire Create a flexible budget based on the Actual Activity to determine the net income. Do not include a dollar sign or comma in your answer. Hint: Your answer will include a dollar amount and 50 cents