35. Shown below is the sales forecast for Cooper Inc. for the finst oo Jan...
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35. Shown below is the sales forecast for Cooper Inc. for the finst oo Jan $15,000 $24,000 $18.000 $14,000 Feb Cash sales. Credi Mar Apr t sales.$100,000 120,000 $90,000 $70,000 On average, 80% of credit sales are paid for in the month Assuming there are no bad debts, the expected cash inflow in April is A. $108,000 B. $122,000 C. $114,000 D. $88,000 E. $114,000 of the sale and 20% in the month f 36. For which situation(s) below would an organization be more likely to use a job-order cost accumulating product costs rather than a process costing system? A. a steel factory that processes iron ore into steel bars B. a factory that processes sugar and other ingredients into cans of soda. C. a shipyard that makes custom yachts. D. all of the above 37. Avril Company makes collections on sales according to the following schedule: 60% in the month of sale 30% in the month following sale 8% in the second month following sale 2% uncollectible The following sales are expected: January.. February Expected Sales $100,000 $120,000 $110,000 March. Cash collections in March should be budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000 E. $122,000
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