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Jent Company reported the following information for 2019: October November December Budgeted sales $320,000 $340.000...

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Accounting

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Jent Company reported the following information for 2019: October November December Budgeted sales $320,000 $340.000 $360,000 Budgeted purchases $120,000 $128,000 $144,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. Instructions Compute the amount of cash Jent will receive during November. BE 164 Plack Company budgeted the following information for 2019: May June Budgeted purchases $104,000 $110,000 $102,000 July Cost of goods sold is 40% of sales. Accounts payable is used only for inventory acquisitions. Plack purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Selling and administrative expenses are budgeted at $30,000 for May and are expected to increase 5% per month. They are paid during the month of acquisition. In addition, budgeted depreciation is $10,000 per month. Income taxes are $38,400 for July and are paid in the month incurred. Instructions Compute the amount of budgeted cash disbursements for July

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