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The following information relates to the next FOUR (4) questions March s 340,000 s 320,000 s 310,000 a retailer of fashion accessories. Budget data regarding

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The following information relates to the next FOUR (4) questions March s 340,000 s 320,000 s 310,000 a retailer of fashion accessories. Budget data regarding the store's operations follow Budgeted Sales: January February Expected Collections 60% in the month of sale 25% in the month following the sale 10% in the second month following the sale Cost of Goods Sold: Desired Ending Inventory of Merchandise: Payment for Merchandise Purchased: 5% uncollectible 65% of Sales 60% of next month's Cost of Goods Sold 50% in the month of purchase 50% in the month following the purchase General and administrative e enpenses per month is $58,000 (of which depreciation, $18,000), per 8 Budgeted February cash disbursements for merchandise purchases A. S204,100 CDs 208-650 C. S 214,500 D. S321,000 E. None of the above. would be: 9 Budgeted February ending Accounts Receivable (Net) would be: A. $300,000 B. S 162,000 S 146,000 S 311,000 None of the above

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