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QUESTION 6 You decide to earn some money during the summer by running a lawn...

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QUESTION 6 You decide to earn some money during the summer by running a lawn mowing service called Blade for Blade, Inc. You plan to work 191 hours per month. You will charge customers $20 per hour and 10% of your customers will pay you in cash and the rest of your customers will pay you in the following month. How much should your estimated accounts receivable balance equal on your balance sheet at the end of the month QUESTION 7 Dolittle and Dalley has $4,000 in sales for January and $5,000 in sales for February. It expects to collect 80% of its sales in the month the sale is made. The remaining amount is expected to be collected in the following month. How much does Dolittle and Dalley expect to collect in February? QUESTIONS Pasta Disasta, Inc. is preparing its master budget for its first quarter of business. It expects to sel 1,000 pizzas per month. It will purchase enough pizzas so that 100 pizzas are in inventory at all times. The pizza is expected to cost $3 per pizza. It expects to pay 70% in the month of purchase and the remainder in the following month. Calculate the amount of budgeted purchases for its first quarter

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