Use the following information to prepare the july cash budget for acco co. it should show expected cash receipts and cash payments for the month and the cash balance expected on july 31. beginning cash balance on july 1: $76,000. cash receipts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the second month after sale (uncollectible accounts are negligible and can be ignored). sales amounts are may (actual), $1,970,000; june (actual), $1,280,000; and july (budgeted), $1,500,000. payments on merchandise purchases: 90% in the month of purchase and 10% in the month following purchase. purchases amounts are: june (actual), $430,000; and july (budgeted), $600,000. budgeted cash payments for salaries in july: $130,000. budgeted depreciation expense for july: $13,000. other cash expenses budgeted for july: $130,000. accrued income taxes due in july: $80,000. bank loan interest paid in july: $7,500.
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Business, 22.06.2019 05:00
The new york stock exchange is an example of what type of stock market?
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Business, 22.06.2019 20:20
Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44
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Business, 22.06.2019 22:00
Your sister turned 35 today, and she is planning to save $60,000 per year for retirement, with the first deposit to be made one year from today. she will invest in a mutual fund that's expected to provide a return of 7.5% per year. she plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. under these assumptions, how much can she spend each year after she retires? her first withdrawal will be made at the end of her first retirement year.
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Business, 23.06.2019 01:10
Atariff on avocadoes the price of avocadoes, consumers' surplus for avocado buyers, producers' surplus of avocado growers and tariff revenue. because the loss to is more than the gain to there is a net loss to society.raises; decreases; increases; generates; consumers; producers and government raises; increases; decreases; does not generate; producers and government; consumers lowers; increases; decreases; does not generate; producers and government; consumers raises; increases; decreases; generates; producers; consumers and government
Answers: 2
Use the following information to prepare the july cash budget for acco co. it should show expected c...
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