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

Author Question: Pepper Farm's intern was preparing the cash budget for June. During the month, Pepper's cash sales ... (Read 46 times)

sbegs

  • Full Member
  • ***
  • Posts: 142
on: Feb 5, 2023
Pepper Farm's intern was preparing the cash budget for June. During the month, Pepper's cash sales were $30,000 and Pepper collects 60% of credit sales during the month of sale. What was the dollar amount of Pepper's credit sales?

Beginning cash balance$     3,600
Cash receipts 303,600
Total cash available to spend307,200
Less disbursements:​
  Materials purchases266,100
  Selling and administrative expenses   54,000
Total cash disbursements320,100
Cash excess (needed)(12,900)
Borrowing   15,900
Ending cash balance$    3,000

◦ $200,160
◦ $456,000
◦ $556,000
◦ $476,000
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 sbegs on Feb 5, 2023

leilani49

  • Full Member
  • ***
  • Posts: 185
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 58% of students answer this correctly


sbegs

  • Member
  • Posts: 142
Reply 2 on: Feb 5, 2023
Excellent

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Altamont Pass Wind Farm in California Altamont Pass Wind Farm in California
Preparing Canapés ( 2 of 5) Preparing Canapés ( 2 of 5)
Preparing Canapés ( 4 of 5) Preparing Canapés ( 4 of 5)
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ... What is the discounted value of deposits of $150.00 made at the end of each month for fourteen ...
June 27 2023 June 27 2023
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library