Doanne sells baked goods products in Omaha, NE Data regarding the store’s operations follow Nove

Doanne sells baked goods products in Omaha, NE Data regarding the store’s operations follow Nove

Doanne sells baked goods products in Omaha, NE Data regarding the store's operations follow November December January Sales budget S 4 35.000 $ 350,000 $ 470,000 Collection schedule COGS 292,750 227,00 30 roc Month of sale 70% Next month 27% Uncollectible 3% The cost of goods sold is 65% of sales. Other monthly expenses to be paid in cash are $25,000 Monthly depreciation is $15,500. Inventory purchase policy is to maintain 20% of the next month's sales as the ending inventory 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following month Doanne declared a special dividend of $10,000 on November 5 to be paid on Dec. 15. Doanne's Account Payable balance as of November 1 is $63,000. 23 Net income for November would be: $98,700 S88,700 SI 14.200 $111.750 E. None of the above 24 BS The total cash disbursement for inventory purchases in December would be A. $ 138,240 243,100 254,540 271,700 E. None of the above C D. $ 10 100 cm, no change 25 A $2.00 increase in a product's variable expense per unit accompanied by a $2.00 increase in its selling price per unit will: A) decrease the degree of operating leverageX MI NOVC 2. 1 P . B) decrease the contribution margin. X um . Chave no effect on the break-even volume. V sale 1000 JOO D) have no effect on the contribution margin ratio. save. em 200

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