subject
Business, 11.12.2019 22:31 LilLappyLOL

Beltre corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:


sales are budgeted at $460,000 for november, $480,000 for december, and $470,000 for january.


collections are expected to be 45% in the month of sale, 54% in the month following the sale, and 1% uncollectible.

• the cost of goods sold is 80% of sales.

the company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. payment for merchandise is made in the month following the purchase.

• other monthly expenses to be paid in cash are $24,300.
• monthly depreciation is $22,200.
• ignore taxes.

the difference between cash receipts and cash disbursements in december would be:

$62,500

$83,200

$34,300

$17,000

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:50
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
question
Business, 22.06.2019 18:30
Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.
Answers: 3
question
Business, 23.06.2019 01:30
Which of the following is considered part of a country’s infrastructure?
Answers: 3
question
Business, 23.06.2019 01:50
You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
Answers: 3
You know the right answer?
Beltre corporation is a small wholesaler of gourmet food products. data regarding the store's operat...
Questions
question
Mathematics, 04.10.2019 19:00
question
Biology, 04.10.2019 19:00
question
History, 04.10.2019 19:00
question
Mathematics, 04.10.2019 19:00
Questions on the website: 13722362