Business, 16.04.2020 19:12 XDESOCR

Consider the following third-quarter budget data for TAP & Brothers: TAP & Brothers Third-Quarter Budget Data July August September Credit Sales 251,626 264,369 282,021 Credit Purchases 97,191 112,369 136,291 Wages, Taxes, and Expenses 26,256 31,886 33,701 Interest 7,356 7,748 8,062 Equipment Purchases 54,415 61,189 0 The company predicts that 4% of its credit sales will never be collected, 30% of its sales will be collected in the month of the sale, and the remaining 66% will be collected in the following month. Credit purchases will be paid in the month following the purchase. In June, credit sales were $138,570, and credit purchases were $102,752 July’s beginning cash is $184,343 If TAP maintains a policy of always keeping a minimum cash balance of $75,000 as a buffer against uncertainty and forecasting errors, what is the cash surplus/deficit at the end of the quarter (i. e., end of September)?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:10, manny2275

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Answers: 3

continue

Business, 22.06.2019 13:20, sailesd57

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

continue

Business, 23.06.2019 00:20, 218219

Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?

Answers: 1

continue

Business, 23.06.2019 00:30, jordanbyrd33

Which of the following emails should he save in this folder instead of deleting or moving it to another folder

Answers: 1

continue

You know the right answer?

Consider the following third-quarter budget data for TAP & Brothers: TAP & Brothers Third-Qu...