Question Completion Status: A Moving to another question will save this response. Question 1 Elegant Gifts has provided you with the following information and asked you to calculate the budgeted cost of goods sold for 2019 (rounded to the nearest dollar) Budgeted opening inventory 2019 S= 35,309 Desired ending inventory 2019 $= 25,600 Budgeted purchases 2019 $= 136,635 Budgeted sales 2019 $297,500 On the basis of the information provided, calculate the budgeted cost of goods sold for 2019 (rounded to the nearest dollar) > Moving to another question will save this response. 4340 g & CPU MI FS -- F4 > Moving to another question will save this response. Question 2 10 po MULTI ANSWER: Which of the following characteristics would indicate that a person was a critical thinker? a. Objective and without bias b. Readily accepts the beliefs of others c. Values the appearance of truth d. Independent and relies on their own conclusions e. Open to new ideas Question -> Moving to another question will save this response. CPURA 8 9 0 7 I 4 5 6 Moving to another question will save this response. Question 3 MULTI ANSWER: Which of the following reports from the previous year form the basis for the budget forecasts? a. Income statement b. Industry trends c. Cash flow statement d. Balance sheet e. Economic outlook -> A Moving to another question will save this response CPUBS -> A Moving to another question will save this response. Question 4 MULTI ANSWER: Which of the following users rely on financial accounting to assist them with their economic decision making regarding the entity? a. Shareholders b. Suppliers c. Bankers d. Directors e. Analysts > Moving to another question will save this response. Ques 41C CPU Pitsc FO $ % > Moving to another question will save this response. Question 5 of 15 >>> Question 5 10 points Save Answer Cubbies buys materials in bulk which has reduced the costs of production and increased the profitability of the Timber Top Cubby. The management are very happy with the increased sales and want to know how much profit they could make from the Timber Top Cubby. Using this information provided below calculate the expected profit (rounded to the nearest whole dollar) that the Timber Top Cubby will bring in to the business. Fixed Costs $ = 23,246 Expected sales volume units = 1,053 Average Selling Price per unit $ = 86 Variable Cost per unit $ = 47 Question 5 of 15 Moving to another question will save this response. 12:23 A W T 2019/8/19 CPUSE - * 7 8 9 5