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Author Question: Cooper Company, a retailer of camping supplies has budgeted activity for January using the following ... (Read 58 times)

dekbert

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on: Feb 5, 2023
Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data:

Cash sales$  25,000
Credit sales (60% collected in month of sale)380,000
Selling and administrative costs (including depreciation)50,000
Depreciation expense5,000
Merchandise Inventory, January 121,000
Merchandise Inventory, January 3120,000
Beginning cash balance3,000
Minimum cash balance required 2,500

Cost of goods sold is 55% of Cooper's selling price.
All purchases are paid in cash.
Selling and administrative costs are paid in month of purchase.

Required:

Prepare a cash budget for January. Omit the heading.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by dekbert on Feb 5, 2023

Tester

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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.
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dekbert

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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