See below for questions to confirm

1. The following sales budget has been prepared for Joker Ltd.

Month	Total Sales
May	$14,000
June	$16,500
July	$15,800
August	$18,000

On average, 40% of the total sales are cash sales which will be collected in the month of sale, and the remaining are credit sales. Collections from credit sales are 50% in the month of sale, 40% in the month following the sale, and 10% two months following the sale.

Question: How much cash is expected to be collected in July?

Group of answer choices:

a $15,860.

b $6,320.

c $15,680.

d $11,060.

2. Applicable budgets for a retailer are unlikely to include:

Group of answer choices:

a raw materials budget.

b labour budget.

c inventory purchase budget.

d overhead budget.

3. Happiness business is going to host a pizza dinner for clients in its meeting room. There are two alternatives:

Alternative 1: The business just bought an oven for $1,000 a few months ago for the company kitchen, so can make pizzas in the oven. Or

Alternative 2: The business can buy pizzas from a Pizza Hut shop.

In addition, the business is planning to decorate the meeting room just for the dinner and put aside $300 costs for the decoration.

Which one of the following statements is not correct when the business is making a decision whether to make pizzas in the company kitchen or buy pizzas from the Pizza Hut shop?

Group of answer choices:

a The business should consider the cost to buy versus the cost to make.

b The business should not consider the cost of decoration in the decision-making process.

c The business should not consider the cost of the oven in the decision-making process.

d The business should consider the cost of decoration in the decision-making process.

4. Healthy Ltd has two product lines: Basic and Premium. Business costs have been divided roughly into their variable and fixed elements. The business is considering whether to drop one of the product lines. The following financial information about each of the product line has been provided:

	Basic line	Premium line	Total
Sales revenue	$100,000	$80,000	$180,000
Less Cost of goods sold	($20,000)	($32,000)	($52,000)
Less Other variable costs	($10,000)	($12,000)	($22,000)
Contribution Margin	$70,000	$36,000	$106,000
Less Avoidable fixed costs	($25,000)	($6,000)	($31,000)
Less Unavoidable fixed costs	($5,000)	($20,000)	($25,000)
Profit	$40,000	$10,000	$50,000

Question: If the business drops Basic product line, what will happen to total profit?

Group of answer choices:

a Total profit will reduce by $40,000.

b Total profit will reduce by $30,000.

c Total profit will reduce by $65,000.

d Total profit will reduce by $45,000.

5. The profit of a single unit of production in the relevant range in excess of the break-even point in units is:

Group of answer choices:

a its selling price only.

b none of the other options.

c its fixed cost only.

d its contribution margin only.