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  3. 41. total sales is $80,000 in a month. 30% of this

41. Total Sales is $80,000 in a month. 30% of this is on Credit. 60%...

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Accounting

41. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, $4,000 is declared bad debt. What is the amount collected next month?

5,600

20,000

44,000

28,000

42. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, 10% is declared bad debt. What is the amount collected next month?

9,500

21,600

8,640

12,350

43. In ZERO Based Budgeting, Managers are required to justify all expenses.

True

False

44. In Participative budgets, budgets are imposed upon the managers.

True

False

45. Sales is $60,000, Variable cost is 30,000, fixed cost is 60,000. What is the Breakeven Sales in $.

70,000

120,000

80,000

100,000

Answer & Explanation Solved by verified expert
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