Concord Corporation reported the following information for 2016: October November December Budgeted sales $490000 $450000 $550000 Budgeted purchases $298000 $270000 $286000 . Cost of goods sold is 35% of sales. Concord purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions How much is the budgeted balance for Accounts Payable at October 31, 2016? . $162000 $172000 $108000 O $114400 Question 50 of 50 View Policies Current Attempt in Progress Sunland Company reported the following information for 2016: Budgeted October November December $990000 $930000 $1140000 sales . All sales are on credit Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much is the November 30, 2016 budgeted Accounts Receivable? O $465000 $495000 O $960000 $570000 Question 25 of 50 View Policies Current Attempt in Progress Bonita Industries produces flash drives for computers, which it sells for $30 each. Each flash drive costs $6 of variable costs to make. During April, 1400 drives were sold. Fixed costs for April were $7000. How much does Bonita's operating income increase for each $1600 increase in revenue per month? O $1600 O $1280 Not enough information to determine the answer $42000. Question 29 of 50 View Policies Current Attempt in Progress Oriole Company incurs the following costs to produce 9200 units of a subcomponent: Direct materials $7728 Direct labor 10396 Variable overhead 11592 Fixed overhead 16200 An outside supplier has offered to sell Oriole the subcomponent for $2.85 a unit. If Oriole accepts the offer, by how much will net income increase (decrease)? O $(8096) O $(2668) O $19696 O $3496 Question 33 of 50 - /1 View Policies Current Attempt in Progress Waterway Industries is starting business and is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $60 and Waterway Industries would sell it for $135. The cost to assemble the product is estimated at $35 per unit and Waterway Industries believes the market would support a price of $180 on the assembled unit. What is the correct decision using the sell or process further decision rule? Sell before assembly, the company will be better off by $35 per unit. Sell before assembly, the company will be better off by $45 per unit. O Process further, the company will be better off by $45 per unit. O Process further, the company will be better off by $10 per unit