The Sweet Dairy Air, Inc., makes and sells ice cream cones. Management is trying to decide whether to have its hourly employees produce the ice cream cones or purchase the cones from an outside vendor. For each of the following items, indicate if it is relevant or irrelevant to this decision. - Quality of the ice cream cones from the outside vendor A. Relevant B. Irrelevant - Ingredient costs to make the ice cream cones - Ingredient costs to make ice cream - Salary of Sweet Dairy Air's President - Wages of Sweet Dairy Air's employees - Price of the ice cream cones QUESTION 8 You collect 80% of each month's sales in the following month and the remainder is collected by the end of the second month. If your sales are budgeted to be: January February March $100,000 $120,000 $140,000 What would be your amount for Cash Collected from Customers in March on the Cash Collections Budget? Do not include $ in your answer. QUESTION 9 You collect 60% of each month's sales in the month of the sale and the remainder is collected by the end of the following month. If your sales are budgeted to be: January March February $120,000 $100,000 $160,000 Determine accounts receivable at March 31. Do not include $ in your answer. Johnson Company is considering an investment that costs $230,000 and will yield annual net cash inflows of $50,000 for 6 years. The internal rate of return is closest to O 8% O 4.6% O 10% O 14% QUESTION 11 Gannet Company's master budget forcasted that 10,000 units would be sold at a price of $60 per unit. Actual results were 11,500 units sold at a price of $58 per unit. The volume variance for sales revenue is A. $90,000 U OB. $7,000 U C.$7,000 F OD. $90,000 F