Home Insert Draw Page Layout Formulas Data Review View Help Editing Calibri 11 B Av... Merge General 00 -0 4 Thanks for using Office! We've made some updates to the privacy settings to give you more control Your organization's admin allows you to use several cloud-backed services you get to decide whether you use these services to adr these pracy s doud backed services are provided to you under the Microsoft Services Agreement Lemmo A B fx D E F G H instructions: in the blue box select the best answer. Q1: Which budget needs to be prepared first? A) S&A budget 9) Merchandise purchases budget C) Schedule of expected cash collections from customers D) Sales budget 2: Ad January 1, 2020, Vaughn inc. has beginning inventory of 3,800 surfboards, Waghn estimates it will sell 15,400 units during the first quarter of 2020 with a 10% increase in sales each quarter Vaughn's policy is to maintain an ending inventory equal to 25% of the next quarter's sales Each surfboard costs $190 and is sold for $300. Now much is budgeted sales revenue for the third quarter of 20207 A) $1,270,500 B) $5,590,200 c) $4,630,000 DI 55,082,000 3 it costs Fortune Company $12 of variable and $5 of fleed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 1,000 scales at $10 each, Fortune would incur special shipping costs of 52 per scale if the order were accepted. Fortune has sufficient amned capacity to produce the 1,000 scales. If the special order is accepted, what will be the effect on net income? (2 Marks) A) $2,000 increase 52.000 de Formula Sheet MCQ Segment Evaluation 7 Marks Cash Budget 16 Mar K L M N 0