Which of the following is a false statement in relation to differential analysis? O Differential analysis is most likely used in long-term decision making. O Differential profit indicates that a decision is expected to increase income and Differential loss indicates that a decision is expected to decrease income. O Management uses differential analysis to make a decision between alternative courses of action. O The analysis of differential revenues and costs in order to determine the differential impact on profit of two alternative courses of action is called differential analysis. Kerch Enterprises was organized on July 1, 2019. Projected Sales for each of the first four months of operations are as follows: July 120,000 August 160,000 September 200,000 October 210,000 Sales (in dollars) The company expects to sell 20% of its merchandise for cash. Of sales on account, 30% are expected to be collected in the month of the sale, 50% in the month following the sale, and the remainder in the second month following the sale. Compute the amount of budgeted credit sales for July. 0 $120,000 O $24,000 0 $96,000 O $36,000 What is the projected cash payback period for a project that has an initial investment of $144,000, estimated annual operating income of $12,000 and estimated annual cash flows of $10,000? O None of the answers are correct 0 10.00 years 0 14.4 years 0 12.0 years Kerch Enterprises was organized on July 1, 2019. Projected Sales for each of the first four months of operations are as follows: July August September October Sales (in dollars) 120,000 160,000 200,000 210,000 The company expects to sell 20% of its merchandise for cash. Of sales on account, 30% are expected to be collected in the month of the sale, 50% in the month following the sale, and the remainder in the second month following the sale. Compute the budgeted amount of accounts receivable at the end of August. $227,200 O $108,800 0 $41,600 O $195,200