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Speedy Runner makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Sales commission Salaries Shipping expenses
Speedy Runner makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles Advertising Cost $3 per pair of shoes sold $510,000 $3.50 per pair of shoes sold 1.5% of sales revenue $25,000 $24,500 Speedy Runner plans to sell 123,000 pairs of shoes at $100 per pair. What will Speedy Runner budget for cash disbursements related to operating expenses? O A. $1,334,000 O B. $1,359,000 O C. $1,482,000 O D. $510,000 Click to select your answer. Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $20,000. Budgeted cash receipts are $87,000, while budgeted cash disbursements are $69,000. Einstein Company wants to have an ending cash balance of $25,000. The excess (deficiency) of cash available over disbursements for the month would be O A. S(38,000) O B. $38,000 O C. $94,000 O D. $176,000 en sig sign ASS ACCT Priv Click to select your answer. E-T A Expected purchases for June and July are $70,000 and $90,000, respectively. Purchases for May were $62,000. All purchases are paid 45% in the month of purchase and 55% the following month. At what amount are June payments for purchases budgeted? O A. $66,400 O B. $65,600 O C. $99,900 O D. $106,100 Click to select your
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