Ch. 8 Budgeting
Quiz
•
Other
•
University
•
Practice Problem
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Hard
Andrew Neill
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9 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What amount of cash collections would appear in the company's cash budget for the second month?
$91,300
$94,800
$95,700
$98,900
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
The total cash collected in January is...
100k
220k
197k
166k
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The February cash disbursements for manufacturing overhead on the manufacturing overhead budget is...
$215,040
$196,890
$80,640
$134,400
4.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
What is the Accounts Payable Balance at the end of April?
$330,880
$140,800
$224,300
$165,440
5.
MULTIPLE CHOICE QUESTION
5 mins • 2 pts
How much cash disbursements for raw materials purchases would be shown in the company's cash budget for April?
$470,900
$475,900
$478,900
$480,900
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the budgeted gross margin for May?
$37,000
$38,000
$39,000
$40,000
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the estimated unit sales in February?
27,730
18,300
19,445
22,400
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