6. Sales mix is A) the mix of variable and fixed expenses in relation to sales.

Question

6. Sales mix is A) the mix of variable and fixed expenses in relation to sales. B) the relative percentage in which a company sells its multiple products. C) a measure of leverage used by the company. D) the trend of sales over recent periods. 7. On January 1, Kale Company has a beginning cash balance of $42,000. During the year, the company expects cash disbursements of $340,000 and cash receipts of $290,000. If Kale requires an ending cash balance of $40,000, the company must borrow A) $92,000. B) $48,000. $32,000. D) $40,000.

Explanation / Answer

6.B.The relative percentage in which a company sells its multiple products.

sales mix refers to the percentage in which the company sells its multiple products.

for example if a company sells two products A and B, the sales mix is presented as A:B = 60:40 , i.e of the total sales revenue 60% is from product A and 40% is from product B.

7.B$48,000.

beginning cash balance 42,000 add: receipts 290,000 less: disbursements (340,000) actual ending balance (8,000) desired ending balance 40,000 amount to be borrowed (40,000 - (-8,000)) 48,000

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