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Light as a Feather Inc makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Cost $1 per pair of shoes sold Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles $28,000 $22,500 Advertising The company plans to sell 126,000 pairs of shoes at $100 per pair. What will Light as a Feather Inc budget for cash disbursements related to operating expenses? OA. $1,305,500 OB. $1.333 500 $590,000 $4.50 per pair of shoes sold 1.5% of sales revenue

Light as a Feather Inc makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Cost $1 per pair of shoes sold Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles $28,000 $22,500 Advertising The company plans to sell 126,000 pairs of shoes at $100 per pair. What will Light as a Feather Inc budget for cash disbursements related to operating expenses? OA. $1,305,500 OB. $1.333 500 $590,000 $4.50 per pair of shoes sold 1.5% of sales revenue

FINANCIAL ACCOUNTING
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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Light as a Feather Inc makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Cost $1 per pair of shoes sold $590,000 $4.50 per pair of shoes sold 1.5% of sales revenue $28,000 $22,500 The company plans to sell 126,000 pairs of shoes at $100 per pair. What will Light as a Feather Inc budget for cash disbursements related to operating expenses? Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles Advertising A. $1,305,500 B. $1,333,500 C. $590,000 D. $1,459,500
Transcribed Image Text:Light as a Feather Inc makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Cost $1 per pair of shoes sold $590,000 $4.50 per pair of shoes sold 1.5% of sales revenue $28,000 $22,500 The company plans to sell 126,000 pairs of shoes at $100 per pair. What will Light as a Feather Inc budget for cash disbursements related to operating expenses? Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles Advertising A. $1,305,500 B. $1,333,500 C. $590,000 D. $1,459,500
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