66) The total cash disbursements in March for the purchase of merchandise should be

A) $152,600.

B) $145,000.

C) $141,360.

D) $147,700.

67) The total cash disbursements in May for the purchase of merchandise should be

A) $138,400.

B) $148,580.

C) $ 69,200.

D) $128,160.

Mickle Company has the following information:

Month

Budgeted Purchases

August

$175,000

September

190,000

October

217,500

November

182,500

December

230,000

Purchases are paid for in the following manner:

20 percent in the month of purchase

50 percent in the month after purchase

30 percent two months after purchase

68) The cash disbursements in September for August purchases will be

A) $35,000.

B) $52,500.

C) $95,000.

D) $87,500.

69) The cash disbursements in December for October purchases will be

A) $108,750.

B) $ 43,500.

C) $ 65,250.

D) $ 46,000.

70) The total cash disbursements in November for the purchase of merchandise should be

A) $182,500.

B) $201,500.

C) $194,500.

D) $202,250.

71) The total cash disbursements in December for the purchase of merchandise should be

A) $202,500.

B) $230,000.

C) $ 46,000.

D) $184,000.

72) The collection of cash from customers would appear on which of the following?

A) Sales budget

B) Operating expense budget

C) Cash budget

D) None of the above

73) An important factor considered by sales forecasters include(s)

A) past patterns of sales.

B) estimates made by the sales force.

C) general economic conditions.

D) all of the above.

74) Which of the following factors would NOT be considered by sales forecasters?

A) Past patterns of sales

B) Estimates made by the sales force

C) General economic conditions

D) All of the above would be considered.

75) A prediction of sales under a given set of conditions is referred to as

A) a predicatory budget.

B) a sales budget.

C) a budget forecast.

D



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