Business, 28.06.2021 15:50 Nekomancer5291

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: April May June
Credit sales $416,000 $365,000 $453,000
Credit purchases 193,000 181,000 214,000
Cash disbursements
Wages, taxes, and expenses 81,100 76,600 105,300
Interest 10,800 10,800 10,800
Equipment purchases 40,000 12,500 161,000

The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $343,000. Using this information, write down the cash budget.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 17:00, mdaniella522

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Answers: 1

continue

Business, 21.06.2019 22:50, Zagorodniypolina5

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

Answers: 1

continue

Business, 22.06.2019 10:30, kingyogii

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

Answers: 1

continue

Business, 22.06.2019 15:30, emilylizbeth12334

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Answers: 1

continue

You know the right answer?

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:...