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(Solved) (Latest ver. Aug 2020) - Multiple Choice

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14. Centennial Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alternative are listed below:

What are the incremental (differential) costs of Tour B?
A) $2,000
B) $3,000
C) $4,000
D) None of the above

18. Crowe Company expects the following total sales:

The company expects 70% of its sales to be credit sales and 30% for cash. Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. The budgeted accounts receivable balance on May 31 is
A) $14,350
B) $15,750
C) $20,550
D) $22,500

19. Bruce Company's sales budget shows the following expected total sales:

The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. The total cash inflows from the collection of receivables in April would be
A) $18,200
B) $21,000
C) $24,640
D) $25,725

 







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