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Author Question: Pepper Farm's intern was preparing the cash budget for June. During the month, Pepper's cash sales ... (Read 45 times)

sbegs

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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
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Marked as best answer by sbegs on Feb 5, 2023

leilani49

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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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sbegs

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

tkempin

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

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