2.After reviewing the budget, Morgan decided to increase the advertising budget in the hopes of increasing revenue and net income. Analyze the budget and actual June income statement. Did Morgan meet the goal of increasing revenue and net income in terms of dollar amounts? Comment on the change in component percentages for Total Expenses and Net Income from budget to actual

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Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

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