craftco, inc.'s projected sales for the first six months of 2012 are given below: jan. $500,000 april $490,000 feb. $740,000 may $740,000 mar. $380,000 june $610,000 40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. cost of goods sold is 60% of sales. purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. total other cash expenses are $40,000/month. the company's cash balance as of february 28, 2012 will be $25,000. excess cash will be used to retire shortminus−term borrowing (if any). craftco, inc. has no short term borrowing as of february 28, 2012 assume that the interest rate on shortminus−term borrowing is 1% per month. the company must have a minimum cash balance of $15,000 at the beginning of each month. what is craftco, inc.'s total cash disbursements for april 2012?

The framers of the us constitution created a system of government that established branches of government set forth the powers of such a branches and placed limits on those powers what are the benefits of such a system? are there any problems associated with such a system?

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.