Multiple Choice
NewGen Computers is preparing its budget for 2011. Sales for the year are budgeted at $1,000,000; 20% are cash sales and 80% are credit sales. The company expects to collect 60% of all credit sales in 2011. Budgeted expenses are $800,000. These expenditures include $25,000 for depreciation and $497,000 for variable manufacturing overhead. Given this information, total cash inflows from sales for 2011 would be:
A) $800,000
B) $680,000
C) $480,000
D) $455,000
Correct Answer:
Verified
Correct Answer:
Verified
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