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Question 9 1 pts Use the following information for the next 10 questions. The expected sales for Sullivan Swimsuits in the month of June are $40,000. Brenda, the owner. gives credit to a select group of customers (40 percent of sales), but all others must pay cash. 75 percent of Brenda's credit customers pay her the month after the sale, 20 percent pay the second month following the sale and 5 percent pay in the third month following the sale. Brenda pays cash for 15 percent of her purchases. The other 85 percent she pays off by the end of the next month. Brenda's operating expenses are paid immediately upon receiving the invoice. Her operating expenses are about $5,000 each month, $500 of which is depreciation Selling expenses have a fixed and a variable component. The fixed is $1,000 month, and the variable is 5 percent of sales. Brenda began June with $10,000 in cash. Determine Brenda's ending cash balance for June. DO NOT USE $ OR CENTS. USE COMMA'S MacBook Air invoice. Her operating expenses are about $5,000 each month, $500 of which is depreciation. Selling expenses have a fixed and a variable component. The fixed is $1,000 month, and the variable is 5 percent of sales. Brenda began June with $10,000 in cash. Determine Brenda's ending cash balance for June. DO NOT USE $ OR CENTS. USE COMMA'S What is the beginning balance of Cash? Sales Purchases April $20,000 $14,000 May 30,000 17,000 June 40,000 23,000 MacBook Air Question 10 1 pts How much cash was collected in June from April sales? Question 11 1 pts How much cash was collected in June from May sales? MacBook Air 1 pts Question 12 How much cash was collected in June from June sales? 1 pts D Question 13 How much cash was paid in June for May purchases? MacBook Air 1 pts D Question 14 How much cash was paid in June for June purchases? D Question 15 1 pts How much in operating expenses were PAID in June? MacBook Air 80 OOR 000 Dii Question 16 1 pts How much were the fixed selling expenses? Question 17 1 pts How much were the variable selling expenses? MacBook Air So OOO GO Question 17 1 pts How much were the variable selling expenses? D Question 18 1 pts What was Brenda's ending cash balance at the end of June? MacBook Air 80 DOO QO0

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