chapter 21 quiz

chapter 21 quiz - 1 Question 1 - Multiple ChoiceID: 5630909...

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1 Question 1 - Multiple ChoiceID: 5630909 - The correct answer has been circled. Question: The manager of a profit center would not be responsible for which of the following? Managing the cost of inventory purchases Generating revenue Managing the cost of employee wages Managing the cost of new building purchases Question 2 - Multiple ChoiceID: 5630877 - Correct Question: Bolin’s, an elite clothier, expects its November sales to be 30% higher than its October sales of $200,000. Purchases were $100,000 in October and are expected to be $150,000 in November. All sales are on credit, and are collected as follows: 30% in the month of the sale and 70% in the following month. Purchases are paid 25% in the month of purchase and 75% in the following month. The cash balance on November 1 is $9,000. What will be the cash balance on November 30? $87,000 $114,500 $140,000 $149,000 Question 3 - Multiple ChoiceID: 5630901 - Correct Question: Walnut Company’s budgeted inventory purchases are as follows
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chapter 21 quiz - 1 Question 1 - Multiple ChoiceID: 5630909...

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