Question
Question 24 (3 points) Worton Distributing expects its September sales to be 20% higher than its August sales of $156,000. Purchases were $106,000 in August
Question 24 (3 points) Worton Distributing expects its September sales to be 20% higher than its August sales of $156,000. Purchases were $106,000 in August and are expected to be $126,000 in September. All sales are on credit and are expected to be collected as follows: 40% in the month of the sale and 60% in the following month. Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on September 1 is $16,000. The ending cash balance on September 30 is estimated to be: Question 24 options: $74,880. $72,065. $75,120. $74,480. $90,480. Question 25 (1 point) Saving... Operational control has a management-by-exception approach in contrast to management control, which is more consistent with: Question 25 options: A non-quantitative set of measures. A "hands off" approach. A non-qualitative set of measures. A management-by-incentives approach. A management-by-objectives approach.
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