This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Morgan Manufacturing is preparing its cash budget for the second quarter. The inventory manager has ... (Read 67 times)

kms5229

  • Full Member
  • ***
  • Posts: 148
on: Feb 5, 2023

Question 1

Alexa Industries has the following amounts budgeted for selling and administrative expenses for February:

Advertising$78,600
Utilities56,200
Office equipment depreciation14,800
Bad debts6,400
Entertainment13,200
What amount will Alexa report on its February cash budget for selling and administrative expenses?
◦ $169,200
◦ $154,400
◦ $156,000
◦ $148,000

Question 2

Morgan Manufacturing is preparing its cash budget for the second quarter. The inventory manager has provided the following amounts budgeted for materials purchases:

April$62,880
May44,960
June47,360

The controller reports that Morgan pays for 20% of its purchases in the month of purchase, 60% in the month following purchase, and 20% in the second month after purchase. What are Morgan's budgeted cash payments for purchases in June?
◦ $9,472
◦ $39,552
◦ $49,024
◦ $89,912
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kms5229 on Feb 5, 2023

furthoh

  • Full Member
  • ***
  • Posts: 170
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


kms5229

  • Member
  • Posts: 148
Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
A software inventory log. A software inventory log.
Preparing Slides Preparing Slides
Preparing Canapés ( 3 of 5) Preparing Canapés ( 3 of 5)
Preparing Canapés ( 5 of 5) Preparing Canapés ( 5 of 5)
The X-linked genetic model of Morgan’s eye-color inheritance The X-linked genetic model of Morgan’s eye-color inheritance
Video: Biological organic compounds

For a complete list of videos, visit our video library