Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help!!!!will thumbs up! balboa estimates

please help!!!!will thumbs up! Balboa estimates that it will collect 25% of...

70.2K

Verified Solution

Question

Accounting

please help!!!!will thumbs up! image
Balboa estimates that it will collect 25% of its sales in the month of sale and 75% in the month after the sale. General operating expenses are budgeted to be $41,500 per month of which depreciation is $4,500 of this amount. Balboa pays operating expenses in the month incurred. The income tax rate is 10%. How much is budgeted net income for September? $22,320 $24,300 $25,920 $21,870

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

A. Here is a bivariate data set. x y 25.7 52.5 29.4 64.7 21.8 54.9 35 63.4 31.4 74.7 21.6 46.5 40.8 69.7 37.9 77.7 16.7 41.1 29.6 78.1 13.1 45.5 36.1 78.4 32.1 68.2 45.2 76.8 36.1 57.9 Find the correlation coefficient and report it accurate to...

Basic Math
Q

A 10 g object at 50oC is placed in 100 g water at 39.8oC in a...

Chemistry
Q

238Pu decays to 234U via alpha () emission with a half-life of 87.7 years; each ejected...

Physics
Q

Intense monoenergetic light source shines on piece of metal. When wavelength of the light is more...

Physics
Q

You pick a card from a standard deck of 52 cards. If you get a...

Basic Math
Q

meisects the cle in a single point called the point of tangency Find the standard...

Algebra
Q

Redbird Inc. specializes in manufacturing coffee makers. Its operating information for the company's last year...

Accounting
Q

Steinberg Company had the following direct materials costs for the manufacturing of product T in...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Beech Corporation is a...

Accounting
Q

During 2024, LeBron Corporation accepts the following notes receivable.

Accounting
Q

True or false? Because auditors assess the internal controls of the organization, audited financial statements...

Accounting
Q

The Rollins Company has office employees and shipping employees. A summary of their earnings and...

Accounting