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Required:1. Using the information provided, calculate or prepare the following for October:a. The budgeted cash collections.b. The budgeted merchandise purchases.c. The budgeted cash disbursements for merchandise purchases.d. The budgeted net operating income.e. An-end-of-month budgeted balance sheet.2. Assume the following changes to the underlying budgeting assumptions:1. 50% of a month's credit sales are collected in the month the sales are made and the remaining 50% are collected in the following2. The ending merchandise inventory is always 10% of the following month's cost of goods sold3. 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month.Using these new assumptions, calculate or prepare the following for October:a. The budgeted cash collections.b. The budgeted merchandise purchases.c. The budgeted cash disbursements for merchandise purchases.d. Net operating income.e. An end-of-month budgeted balance sheet. Wheeling Company is a merchandiser that provided a balance sheet as of September 30 as shown below: \table[[Wheeling Company Balance Sheet September 30],[Assets],[Cash,$ 69,800],[Accounts receivable,98,000],[Inventory,37,800],[Buildings and equipment, net of depreciation,310,000],[Total assets,$ 515,600],[Liabilities and Stockholders' Equity],[Accounts payable,$ 145,100],[Common stock,216,000],[Retained earnings,154,500],[Total liabilities and stockholders' equity,$ 515,600]] The company is in the process of preparing a budget for October and assembled the following data: Sales are budgeted at

for October and

for November. Of these sales,

will be for cash; the remainder will be credit sales. Forty percent of a month's credit sales are collected in the month the sales are made, and the remaining

are collected in the following month. All of the September 30 accounts receivable will be collected in October. The budgeted cost of goods sold is always

of sales and the ending merchandise inventory is always

of the following month's cost of goods sold. All merchandise purchases are on account. Thirty percent of all purchases are paid for in the month of purchase and

are paid All merchandise purchases are on account. Thirty percent of all purchases are paid for in the month of purchase and

are paid for in the following month. All of the September 30 accounts payable to suppliers will be paid during October. Selling and administrative expenses for October are budgeted at

, exclusive of depreciation. These expenses will be paid in cash. Depreciation is budgeted at $3,100 for the month. Required: Using the information provided, calculate or prepare the following for October: a. The budgeted cash collections. b. The budgeted merchandise purchases. c. The budgeted cash disbursements for merchandise purchases. d. The budgeted net operating income. e. An-end-of-month budgeted balance sheet. Assume the following changes to the underlying budgeting assumptions:

of a month's credit sales are collected in the month the sales are made and the remaining

are collected in the following month The ending merchandise inventory is always

of the following month's cost of goods sold

of all purchases are paid for in the month of purchase and

are paid for in the following month. Using these new assumptions, calculate or prepare the following for October: a. The budgeted cash collections. b. The budgeted merchandise purchases. a. The budgeted cash collections. b. The budgeted merchandise purchases. c. The budgeted cash disbursements for merchandise purchases. d. The budgeted net operating income. e. An-end-of-month budgeted balance sheet. 2. Assume the following changes to the underlying budgeting assumptions:

of a month's credit sales are collected in the month the sales are made and the remaining

are collected in the following month The ending merchandise inventory is always

of the following month's cost of goods sold

of all purchases are paid for in the month of purchase and

are paid for in the following month. Using these new assumptions, calculate or prepare the following for October: a. The budgeted cash collections. b. The budgeted merchandise purchases. c. The budgeted cash disbursements for merchandise purchases. d. Net operating income. e. An end-of-month budgeted balance sheet. \table[[Wheeling Compa

Question 32 (2.5 points) Saved A mother introduces her child to cow's milk, and the child begins complaining of stomach issues. Blood tests reveal high levels of galactose 1 -phosphate in her blood and liver function abnormalities. Choose the most likely explanation for these observations. a) The child is lactose intolerant and cannot digest the lactose in the milk. b) The child carries a mutation in galactose- 1 -phosphate uridyl transferase, causing a buildup of galactose 1-phosphate. c) The child carries a mutation in PFK1 (phosphofructokinase 1), resulting in slow galactose 1-phosphate breakdown. d) The child's liver rapidly converts galactose to glucose 6-phosphate, causing buildup of intermediates.

Alleles of the major histocompatibility complex (HLA) are especially important the initiation of autoimmune diseases.

Gram-positive bacteria: A. stain pink due to the adhesion of crystal violet to their thick peptidoglycan layer. B. stain purple due to the adhesion of crystal violet to their thick peptidoglycan layer. C. stain pink due to the adhesion of crystal violet to their outer membrane. D. stain purple due to the adhesion of crystal violet to their outer membrane.

Bacterial infections can be difficult for the immune system to fully eradicate, often necessitating the use of antibiotics. Which of the following would be an appropriate target(s) for such an antibiotic? I. 305 ribosome II. Peptidoglycan III. 50 S ribosome IV. Phospholipid bilayer A. I, II, and IV only B. II, III, and IV only C. I and II only D. I, II, and III only

Multiple Choice 10 points Which of the following does not result from mitosis? a pair of identical twins rooted plant cutting the formation of egg and sperm two new descendent DNA cells with complementary DNA new skin from damaged skin cells

Cash flow from investing activities is considered the most important category on the statement of cash flows because it is considered the best measure of expected income. True False

Certain cancers are classified as aggressive, meaning they are fast-growing and often characterized by large tumors. When anti-tumor drugs are designed to treat these types of cancer, which is the LEAST likely stage of the cell cycle that would be targeted? A. S phase B.

C.

D. M phase

1 Problem 3-96 (Alpe) Cemprehensive Problem [LOI-1, LO3-2, LO3-4] 25 new labor dollars. The beginning inveraop labletes were as flilows \table[[Benstartials,1 38,105],[port sit premse,1 4,126],[finitive goods,3 8,126]] Dime Be year ne followere bassacions wet constred. Now materials parchaied on acreent suescoo were infletin \table[[Birat later,1 wanse],[Intiratt Influr,s mi, ne],[Selies turnshors,4 R, 20],[Ahalsistrallet saleint,8 -1.4er]] activionil Unity cents wimed in the factory,

nook. Adversing eves incumed,

equenert used in setirg and adrariabitien acivies h. Mandecturing overtinal cost applied to jobs. 1.

1 Completed goods toil 5322000 to manificier Required: 3A is Manalactury Overtuad underaphed or everapied" geceurs pas have perpent. newity? 3 fachelp teghoelste Businal 4 T-accosts prople groper 1 Problem 3-96 (Alpe) Cemprehensive Problem [LOI-1, LO3-2, LO3-4] 25 new labor dollars. The beginning inveraop labletes were as flilows \table[[Benstartials,1 38,105],[port sit premse,1 4,126],[finitive goods,3 8,126]] Dime Be year ne followere bassacions wet constred. Now materials parchaied on acreent suescoo were infletin \table[[Birat later,1 wanse],[Intiratt Influr,s mi, ne],[Selies turnshors,4 R, 20],[Ahalsistrallet saleint,8 -1.4er]] activionil Unity cents wimed in the factory,

nook. Adversing eves incumed,

equenert used in setirg and adrariabitien acivies h. Mandecturing overtinal cost applied to jobs. 1.

1 Completed goods toil 5322000 to manificier Required: 3A is Manalactury Overtuad underaphed or everapied" geceurs pas have perpent. newity? 3 fachelp teghoelste Businal 4 T-accosts prople groper