Question 2 Incorrect Mark 0 out of \"I \\V Flag question A rm expects to achieve the following level of sales, to make the following purchases of raw materials, and to make the following payments for indirect expenses for the rst 4 months of the year. All sales and purchases of raw materials are on credit, and are paid for in the following month. Indirect expenses are paid for in the month they are incurred. Sales in Decembertotalled S76 and purchases of raw materials in December totalled $57. The opening cash balance at the beginning of January was $112. What is the budgeted closing cash balance at the end of April? Purchases of raw materials Indwect expenses O a. $130 0 b.3137 * O c. $135 0 d. $139 Question 3 Incorrect MarkOoutofi 'l' Flag question A firm expects to achieve the following level of sales, to make the following purchases of raw materials, and to make the following payments for indirect expenses for the rst 4 months ofthe year. All sales and purchases of raw materials are on credit. 90% of sales are paid for in the month after the sale, with the balance paid in the following month. 60% of purchases are paid for in the month after the purchase, with the balance paid in the following month. Indirect expenses are paid for in the month they are incurred. Sales in Decembertotalled $78 and purchases of raw materials in December totalled $57. The opening cash balance at the beginning of January was $106. What is the budgeted closing balance of accounts receivable (rounded to the nearest dollar) at the end of April? Purchases of raw materials expenses C) a. $87 0 b. $81 0 0. $85 * o d. $83 Question 4 lncorrect Mark 0 out of1 \\7 Flag question A rm expects to achieve the following level of sales, to make the following purchases of raw materials, and to make the following payments for indirect expenses for the rst 4 months ofthe year. All sales and purchases of raw materials are on credit. 70% of sales are paid for in the month after the sale, with the balance paid in the following month. 60% of purchases are paid for in the month after the purchase, with the balance paid in the following month. Indirect expenses are paid for in the month they are incurred. Sales in Decembertotalled $78 and purchases of raw materials in December totalled $56. The opening cash balance at the beginning of January was $109. What is the budgeted closing balance of accounts payable (rounded to the nearest dollar) at the end of April? Purchases of raw materials expenses O a. $85 0 b. $80 3: O 0. S79 0 d. $75 Question 5 Incorrect Mark 0 out ofl r7 Flag question A firm expects to achieve the following level of sales, to have the following cost of goods sold, and to make the following purchases of raw materials for the first 4 months of the year The opening balance of inventory at the beginning of January was $218. What is the budgeted closing balance of inventory at the end of April? Cost of goods sold Purchases of raw materials O a. 8251 o b. $250 0 c. 8248 x o d. $253
