Monday
November 24, 2014

Homework Help: Finance

Posted by Hannah on Monday, November 2, 2009 at 9:29pm.

16. Your firm is trying to determine its cash disbursements for the next two months (June and July). In any month, the firm makes purchases of 60% of that month’s sales, which are paid the following month. In addition, the firm incurs the following costs every month and pays for them in the month the expenses are incurred: wages and salaries of $10,000, rent of $4,000, and miscellaneous cash expenses of $1,000. Depreciation amortized on a monthly basis is $2,000. June’s sales are expected to be $100,000, and July’s sales are expected to be $150,000. Cash disbursements for the month of July are expected to be:

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Accounting - Your firm has the following income statement items: sales of $50,...
Finance - The prince Albert Corporation has forecasted the following sales for ...
finance - a. Mike Epstein is very optimistic because sales for his feed store ...
finance 200 - I really do not understand how to do this or set this up. Can you ...
Acounting 202 - Dokken & Dietrich’s Donut Company pays for 25% of its inventory ...
Finance - A firm has forecasted sales of $3,000 in April, $4,500 in May and $6,...
Accounting - Redmon Company uses a sales journal, a purchases journal, a cash ...
Finance - Here is a forecast of sales by National Bromide for the first 4 months...
Finance - Assignment 1: LASA 2—Cash Management and Budgeting The new owner of ...
Finance - Forecasting Collections. Here is a forecast of sales by National ...

Search
Members