Thomas owns a small IT parts supply store, and he is in the process of creating a sales budget for next month. Thomas predicts the following budgeted numbers: Sales Volume of 560 with a Budgeted Selling Price of $20 per unit. On average, Thomas's store has experienced an average 5% rate of sales returns and discounts of 1.5% of the original selling price. What will the Budgeted Net Sales be for Thomas next month? $10864$8960$10472$11032 Charles is concerned about the cash receipts schedule of his business since all of the business's customers deal in credit instead of cash. Based on historical data, he is expecting to receive collections on accounts receivable (A/R) as follows: 55% in the month of sale, 40% in the next month after the sale, and 5% becomes uncollectible. Charles has decided to write off the business's uncollectible A/R at the end of the second month after the sale. The following table provides the month-by-month summary of sales for Charles's business: Considering the above data, which of the following statements is correct? In the month of February, uncollectible sales of $565 are taken as a direct write-off to A/R, and the budgeted ending balance of A/R on February 28 is $8145. In the month of April, uncollectible sales of $905 are taken as a direct write-off to A/R, and the budgeted ending balance of A/R on April 30 is $905. In the month of January, uncollectible sales of $5085 are taken as a direct write-off to A/R, and the budgeted ending balance of A/R on January 31 is $0. In the month of March, uncollectible sales of $565 are taken as a direct write-off to A/R, and the budgeted ending balance of A/R on March 31 is $8710