Nogueiras Corp's Budgeted Monthly Sales Are $5,000,and They Are Constant

question 99

Multiple Choice

Nogueiras Corp's budgeted monthly sales are $5,000,and they are constant from month to month.40% of its customers pay in the first month and take the 2% discount,while the remaining 60% pay in the month following the sale and do not receive a discount.The firm has no bad debts.Purchases for next month's sales are constant at 50% of projected sales for the next month."Other payments," which include wages,rent,and taxes,are 25% of sales for the current month.Construct a cash budget for a typical month and calculate the average cash gain or loss during the month.

• A)$1,092
• B)$1,150
• C)$1,210
• D)$1,271
• E)$1,334

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