Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume that accounts payable pertains only to supp

Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the...

70.2K

Verified Solution

Question

Accounting

Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is
image
Saniya Corp. is preparing their budget for the second quarter and provides the following data: Apr May. Jun Budgeted purchases of direct materials $20,000 $24,000 $27,000 Budgeted Cash Payments for Purchases of direct materials Apr May Jun 60% of previous month purchases $6,000 $12,000 $14,400 40% of current month purchases 8,000 9,600 10,800 Total cash payments $14,000 $21,600 $25,200 Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the abo O A. $16,200 OB. $14.400 O C. $10,800 D. $25 200

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

Find the indicated probability using the standard normal distribution. ​P(z < -0.39​)

Statistics
Q

YEAR MACRS 3-YEAR 1 33% 2 45% 3 15% 4 7% Troll Inc is considering replacing an old, relatively inefficient Troll onjection-mold machine that was...

Finance
Q

What were Patterson's three different tests for morphological homology? Define parallelism, serial homology, and convergence and in...

Biology
Q

1. Which was the better document, the Articles of Confederation or the Constitution?  Why?  This is your opinion so...

Psychology
Q

Describe the features of the function f x 2log 1 The function has a 12...

Calculus
Q

A bridge is being built across a canyon The length of the bridge is 5025...

Algebra
Q

Which of the following is/are true? Multiple Choice All of the choices are...

Accounting
Q

June 1 the board of directors of Sunset, Inc declared a $0.60 per share dividend,...

Accounting
Q

Which of the following is an appropriate cost driver for allocating indirect costs to a...

Accounting
Q

In September, Smith Company had the following financial statement amounts related to mrndu urinn 50...

Accounting
Q

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented...

Accounting
Q

Select an agriculture firm of your own choice and discuss the following: i. Type of...

Finance