MC Qu. 122 Walter Enterprises expects... Walter Enterprises expects its September sales to be 20% higher than its August sales of $225,000. Purchases were $175,000 in August and are expected to be $195,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. Merchandise purchases are paid as follows: 20% in the month of purchase and 80% in the following month. The beginning cash balance on September 1 is $8,400. The ending cash balance on September 30 would be:

Ending cash balance$67,900

Explanation:

The computation of the ending cash balance is given below:

Schedule of expected cash collection for September

From august sales (70% of 225,000)157,500

From sept. sales (30% of 270,000)81,000

Total cash collection$238,500

Now  

Schedule of expected cash payment

For august purchase (80% of 175,000)140,000

Foor september purchase (20% of 195,000)39,000

Total cash payment$179,000

Now  

Beginning cash balance8,400

Budgeted cash collection238,500

Total available cash246,900

Budgeted cash payment-179,000

Ending cash balance$67,900

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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