6 Budgeted October ending Accounts Receivable (Net) would be:А.2$B. $C. $97,500113,500298,500311,500E. None of the above.35D. $245p007 What is the estimated net operating income for October?A. $766,00070,00066,00054,000SALES 3CO6SOB. $C. $D.24E. None of the above.6MSA8 Budgeted total cash disbursements for October is:193,800A. $В.2$233,800251,800229,000350,000Č. $D. $E. None of the above.2000B, The following information relates to the next FOUR (4) questions:Pierce Creations is a retailer of fashion accessories. Budget data regarding the store's operations follow:Budgeted Sales:September$ 350,000OctoberNovember$ 320,000$ 310,000Expected Collections:70% in the month of sale20% in the month following the sale5% in the second month following the sale5% uncollectibleCost of Goods Sold:60% of SalesDesired Ending Inventory of Merchandise:50% of next month's Cost of Goods SoldPayment for Merchandise Purchased:60% in the month of purchase40% in the month following the purchaseGeneral and administrative expenses per month is $58,000 (of which depreciation, $18,000).5 Budgeted October cash disbursements for merchandise purchases would be:A. $B. $С. $D. $189,000193,800199,200323,000E. None of the above.

Name: 6 Budgeted October ending Accounts Receivable (Net) would be:А.2$B. $
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Description: 6 Budgeted October ending Accounts Receivable (Net) would be:А.2$B. $C. $97,500113,500298,500311,500E. None of the above.35D. $245p007 What is the estimated net operating income for October?A. $766,00070,00066,00054,000SALES 3CO6SOB. $C. $D.24E. Non

Disbursements are also written as payment. It is calculated by adding all the payments made during…

Business

Accounting

6 Budgeted October ending Accounts Receivable (Net) would be: A. 2$ В. 97,500 113,500 298,500 311,500 E. None of the above. 2$ С. $ D. 245p00 $ 7 What is the estimated net operating income for October? A. $ 66,000 70,000 66,000 54,000 SALES CO6SO В. $ C. $ 2$ D. None of the above.

6 Budgeted October ending Accounts Receivable (Net) would be: A. 2$ В. 97,500 113,500 298,500 311,500 E. None of the above. 2$ С. $ D. 245p00 $ 7 What is the estimated net operating income for October? A. $ 66,000 70,000 66,000 54,000 SALES CO6SO В. $ C. $ 2$ D. None of the above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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