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The following information pertains to the January operating budget for Casey Corporation, a retailer: -...

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Accounting

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The following information pertains to the January operating budget for Casey Corporation, a retailer: - Budgeted sales are $200,000 for January - Collections of sales are 50% in the month of sale and 50% the next month - Cost of goods sold averages 70% of sales - Merchandise purchases total $150,000 in January - Marketing costs are $3,000 each month - Distribution costs are $5,000 each month - Administrative costs are $10,000 each month What is the amount budgeted for direct material purchases in 205 ? $520.000 $760.000 $600,000 $580,000 Investing decisions deal with how to obtain the funds to acquire resources. True False Operating decisions deal with how to best use the limited resources of an organization. True False

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