che the follow Sales revenue for November Purchases cost of salestorov Sales revenue for December...
50.1K
Verified Solution
Link Copied!
Question
Accounting
che the follow Sales revenue for November Purchases cost of salestorov Sales revenue for December is projected to be 575.000 The projected expenses are Cost of Sales purchases of inventoryi $28,000. Waces $22.000 Operating $13.500, and Rent $6,500 Sales revenue will be 50% in cash with credit cards making up the other 50%95% of credit card sales is collected in the month of sales, with the remaining 5% collected early in the following month Purchases of inventory. 45% is paid in the month of the purchase and the remaining paid in the month following purchases. The cash balance at the end of November is $6,234 che the follow Sales revenue for November Purchases cost of salestorov Sales revenue for December is projected to be 575.000 The projected expenses are Cost of Sales purchases of inventoryi $28,000. Waces $22.000 Operating $13.500, and Rent $6,500 Sales revenue will be 50% in cash with credit cards making up the other 50%95% of credit card sales is collected in the month of sales, with the remaining 5% collected early in the following month Purchases of inventory. 45% is paid in the month of the purchase and the remaining paid in the month following purchases. The cash balance at the end of November is $6,234
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!