s of York, Inc, provide the following information for the current year Dec. 31 Jan. 1 $136,500 $120,750 $131,250 $126,000 Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $47.250) $33,600 $31,500 $118,650 $110,775 $33,075 $36,223 $1,548,750 $813,750 $183,750 41) Refer to the information above. Compute the amount of cash received from customers during the D) $1,348,750 current year. A) $1,564,500. B) $1,806,000 C)$1,533,000 42) Refer to the information above. Compute the amount of cash payments for purchases of merchandise during the current year A) $811,125 B) $1,078,875 C) $813,750. D) $819,000. 43) The three basie types of manufacturing costs are direct materials, direct labor and manufacturing overhead A) True B) False 44) The principal difference between managerial accounting and financial accounting is that managerial accounting information is: A) Intended primarily for use by decision makers inside the business organization. B) Prepared by managers. C) Oriented toward measuring solvency rather than profitability D) Prepared in accordance with a set of accounting principles developed by the Institute of Certified Managerial Accountants. 45) Manufacturing costs do norinclude A) Direct labor applicable to production within the period B) Manufacturing overbead charged to work in process during the period. C) Direct materials used during the period. D) Selling expenses related to goods manufactured during the period 46) Direct labor costs in a paint factory would include wages of employees who: A) Develop highly secret formulas for new products. B) Supervise heavy equipment operators. C) Paint the interior of the factory every two years D) Operate paint-mixing machines