Business, 19.09.2019 22:20, iiheartshay
Collections from customers are normally 68 percent in the month of sale, 16 percent in the month following the sale, and 14 percent in the second month following the sale. the balance is expected to be uncollectible. all purchases are on account. management takes full advantage of the 5 percent discount allowed on purchases paid for by the tenth of the following month. purchases for august are budgeted at $66,000, and sales for august are forecasted at $72,000. cash disbursements for expenses are expected to be $14,800 for the month of august. the company’s cash balance on august 1 was $24,000. required:
prepare the expected cash collections during august.
prepare the expected cash disbursements during august.
calculate the expected cash balance on august 31.
Answers: 1
Business, 22.06.2019 09:20, swello1937
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
Business, 22.06.2019 11:00, hadwell34
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Business, 22.06.2019 12:30, sloane50
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
Collections from customers are normally 68 percent in the month of sale, 16 percent in the month fol...
Mathematics, 06.07.2019 00:10