Business, 25.03.2020 05:29, keirarae2005

4. A company expects its September sales to be 15% higher than its August sales of $140,000. Purchases were $75,000 in August and are expected to be $85,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the following month. The beginning cash balance on September 1 is $71,500. The ending cash balance on September 30 would be: A. $121,800 B. $148,700 C. $140,300 D. $143,700 E. $135,300

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answered: ricardorendon100

C. $140,300

Explanation:

Cash balance on Sept 1 is $71,500

Sales: $140,000*15%+$140,000

Sales in sept = $21,000+ $140,000

= $161,000

Cash collected Sept =$161,000*30%

= $48,300

Cash collected in sept for August sales = $140,000*70%= $98,000

Purchases Sept = $85,000

Cash purchases = $85,000*25%

= $21,250

Cash purchases in August = $75,000*75%= $56,250

Ending cash bal in Sept = $71,500+ $48,300 + 98,000- $21,250 - 56,250 = $140,300

answered: ellareynolds2337

C $140 300

Explanation:

First we identify credit and cash sales in both months

Item August September

Sales $140000 15% higher (140000*1.15) =$161000

Purchases $75 000 $85000

Cash sales for prev month (140000*0.7)=$98000

for current month (161000*0.3)=4830

Purchases for prev month (75000*0.75)=56250

for current month (85000*0.25)=21250

Calculate the ending cash balance for September

Opening balance = $71500

So add cash sales and subtract cash purchases = 71500+98000+4830-56250-21250 =$140300

answered: Guest

The answer is passage 1.

answered: Guest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

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4. A company expects its September sales to be 15% higher than its August sales of $140,000. Purchas...