Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer no cursive cash payments schndu

please answer no cursive Cash Payments Schndule Feln Comparny orovided...

70.2K

Verified Solution

Question

Accounting

please answer no cursive image
image
Cash Payments Schndule Feln Comparny orovided the foasiving informbtion relating to cash payments: 10. Fein pyys 204 of accounts payable in the monith of purchabe and the temaining 80% in the following month. c. In 301y. direct labor coit was 372,300 . August direct labor cost was 535,400 . The compacy finds that typicaliv 90% of direct labor cost is paid in cash during the month, with the remainder paid in the following mantht. d. August overhesd amounted to $71,200, inchiding $6,350 of depredation. e. Fein had taken cut a 4+month loan of $18,000 on Moy 1. Interest, due wath dayment of principsl, accrued at the rate of 94 per yeat. The loan and all interest were repaid on Ausurt 31. (Wote: Use whole montrs ta compute interost parmenti). Required: Prepare a schedule of cash payments for Fein Compony for the manth of Auguat, Be sure to enter percentages as whole numbers. Schedule of Cash Payments For August August Payments on accounts payable: From July purchases x % From August purchases x % Direct labor payments: From July x % From August x % Overhead Loan repayment Cash payments

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Case 1 Cost-Volume-Profit (CVP) analysis + marginal analysis You are the manager in Bright company that produces paper...

Accounting
Q

IP A charging bull elephant with a mass of 5100 kg comes directly toward you with...

Physics
Q

aura Drake wishes to estimate the value of an asset expected to provide cash inflows of $...

Accounting
Q

together According to this diagram a single ce ed protist is most closely related to...

Biology
Q

A mass M is suspended from a spring and oscillates with a period of 0...

Physics
Q

For a particle executing simple harmonic motion which of the following statement is not correct...

Physics
Q

MP Reasoning When might you estimate the difference of 603 476 ar 335 291 to...

Basic Math
Q

A company that packages cold cuts needs to transport the packaged meat to the supermarket....

Basic Math
Q

Exercise 18-8 Cost of goods manufactured and cost of goods sold computation LO P1, P2...

Accounting
Q

Apts AUT Enterprises has budgeted sales in units for the next five months as follows:...

Accounting
Q

His for Home Run Departmental Overhead Rate: Home Run Practice Problem Fairfield Manufacturing currently...

Accounting
Q

A consulting firm has two departments. Corporate and Government Computer support is common to both...

Accounting