The company makes 20 percent of its sales for cash and 80 percent on credit. of the credit sales, 50 percent are collected in the month after the sale and 50 percent are collected two months later. archer pays for 20 percent of its purchases in the month after purchase and 80 percent two months after. labor expense equals 15 percent of the current month’s sales. overhead expense equals $12,500 per month. interest payments of $32,500 are due in june and september. a cash dividend of $52,500 is scheduled to be paid in june. tax payments of $25,500 are due in june and september. there is a scheduled capital outlay of $350,000 in september. archer electronics’ ending cash balance in may is $22,500. the minimum desired cash balance is $10,500. b. prepare a schedule of monthly cash payments for june through september.
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Business, 22.06.2019 01:40, dperdomo0015
Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost
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Business, 22.06.2019 12:40, hardwick744
Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false
Answers: 3
Business, 22.06.2019 17:50, hinokayleen5053
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
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Business, 22.06.2019 19:50, lucky1940
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.
Answers: 2
The company makes 20 percent of its sales for cash and 80 percent on credit. of the credit sales, 50...
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