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please answer 1-5 1. MSM Inc. is showing increasing sales each month....

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Accounting

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1. MSM Inc. is showing increasing sales each month. Customers pay 20% of sales in the month of sale and 80% in the month following the sale: a. Monthly cash collected will always exceed monthly sales b. Monthly cash collected will always be equal to monthly sales c. Monthly cash collected will always be less than monthly sales 2. The budgeting process usually begins with forecasting the value of future a. Cash Flow b. Costs as a percentage of Sales c. Sales d. Labor costs 3. During the preparation of a complete cash budget, the following line item would normally not appear a. Sales b. Dividend Payments c. Loan Repayments d. Depreciation 4. In terms of cost behavior, a variable cost a. Remains the same dollar amount from period to period b. Increases proportionately to changes in the cost driver c. May change from period to period regardless of an increase or decrease in activity d. Decreases slightly from period to period 5. On a per unit basis, as unit sales decrease within a normal operating range a. Fixed costs per unit will increase b. Fixed costs per unit will decrease c. Fixed costs per unit will stay the same

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