Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume a merchandising company's estimated sales f

Assume a merchandising company's estimated sales for January, February, and March are $101,000,$121,000, and $111,000,...

50.1K

Verified Solution

Question

Accounting

Assume a merchandising company's estimated sales for January, February, and March are $101,000,$121,000, and $111,000, respectlvely. Its cost of goods sold Is always 60% of Its sales. The
company always maintains ending merchandise inventory equal to 15% of next month's cost of goods sold. It pays for 30% of Its merchandise purchases in the month of the purchase and the
remaining 70% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear In the company's cash budget for February?
Multiple Choice
$67,190
$68,190
$65,190
$62,190
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

what describes the position of the stomach to the diaphragm

Medical Sciences
Q

Question: 1. What kind of repulsive interactions exist in the boat shaping of cyclohexane?2. How many...

Chemistry
Q

In the area of interest group politics, what is the relative mix of importance between ideas and...

General Management
Q

d A parallel plate capacitor of capacitance C is as shown A thin metal plate...

Physics
Q

A number cube with faces labeled 1 to 6 is rolled once.The number rolled will...

Basic Math
Q

6 Consider the infinite series 1 1 n 1 a Compute the first few partial...

Calculus
Q

1 Use f x x 4x 12 for the following a Does the graph of...

Algebra
Q

2 In 2013 the United States Postal Service charged 0 46 to mail a letter...

Algebra
Q

Please help check my work on these problems. ...

Accounting
Q

RandallCorporation had net income of $281,600 in 2017. Depreciation expense for the year was $65,000....

Accounting
Q

Score: 0 of 1 pt

Accounting
Q

The trial balance of Pacilio Security Services, Inc. as of January 1, Year 8, had...

Accounting