Use the Information Below to Answer the Following Question(s)

question 89

Multiple Choice

Use the information below to answer the following question(s) .
Grinnell Manufacturing Company has the following information for 2012:
Budget Expenses per Month
Note: All cash expenses are paid as incurred; Collections from sales are 50% in the month of sale and 50% in the month following the sale; December 2011 sales were $110,000.
-What is the budgeted net operating income for the first quarter of 2012?

• A) $132,640
• B) $135,280
• C) $172,160
• D) $123,640
• E) $140,560

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Definitions:

Secondary Information

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Good Report Writing

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Parenthetical Citations

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