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Author Question: Copper, Inc.'s intern was preparing the cash budget for May. Copper's beginning inventory was ... (Read 31 times)

Rafic Kaaki

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on: Feb 5, 2023
Copper, Inc.'s intern was preparing the cash budget for May. Copper's beginning inventory was $12,600 and its ending inventory was $12,000. If cost of goods sold is 55% of sales, what was the amount of budgeted monthly sales (if necessary, round your answer to the nearest dollar)?

Beginning cash balance$     1,800
Cash receipts 151,800
Total cash available to spend153,600
Less disbursements:​
  Merchandise purchases133,050
  Selling and administrative expenses  27,000
Total cash disbursements160,050
Cash excess (needed)(6,450)
Borrowing  7,950
Ending cash balance$  1,500

◦ $73,508
◦ $240,818
◦ $350,000
◦ $243,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Rafic Kaaki on Feb 5, 2023

kaelamcrone

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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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Rafic Kaaki

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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