Mississippi Retailers expects to make inventory purchases in the next quarter as follows: April ....... $60,000 May
Question:
April ....... $60,000
May ....... 70,000
June ....... 95,000
Prior experience has shown that 30 percent of a month’s purchases are paid in the month of purchase and 70 percent are paid in the month following purchase. March purchases were $55,000.
Required
Estimate cash disbursements related to purchases for April, May, and June.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (14 reviews)
Cash disbursements for purchases April May June Pay...View the full answer
Answered By
Issam AALIL
I'm lecturer at ENSAM Engineering School of the Moulay Ismail University in Morocco. I'm teaching geotechnical engineering, prestressed concrete, durability of materials and restoration of building. In addition, i'm doing research about restoration materials and deterioration of historic building. Before, I was an assistant and researcher at the Orleans university in France, i taught student Strength of materials, surveying and laboratory activities (tests).
Here some of my published papers:
https://www.sciencedirect.com/science/article/abs/pii/S0950061816314349
https://www.sciencedirect.com/science/article/abs/pii/S0950061819319397
https://www.sciencedirect.com/science/article/pii/S2452321617302184
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Mississippi Retailers expects credit sales in the next quarter as follows: April ............................$ 80,000 May ...............................90,000 June...
-
Mississippi Retailers expects credit sales in the next quarter as follows: April ....... $ 80,000 May ........ 90,000 June ........ 113,000 Prior experience has shown that 60 percent of a months...
-
Experience has shown that only 1/3 of all patients having a certain disease will recover if given the standard treatment. A new drug is to be tested on a group of twelve volunteers. If the FDA...
-
Describe the general process used to determine the ULRD using AICPA sampling tables?
-
a. Who signed the contract? b. Did Van Damme know that Gelber owned the painting? c. If Van Damme knew that Gelber was the owner of the painting, then why does the d. But Van De Weghe knows that...
-
How would recursion code/program be written inside of FileS? FileS: https://codeshare.io/K80WxP 2. In NameA how would code/program be written to use Scanner to prompt for and read user's name and...
-
Could an include use case have an include use case? Provide an example.
-
Presented below are selected account balances for Alistair Co. as of December 31, 2012. InstructionsPrepare closing entries for Alistair Co. on December 31, 2012. (Omitexplanations.) Inventory...
-
Using the typical floor plan on next page as a base, propose a trunk & branches overhead layout of the ducts serving the typical floor's via mixing mechanical ventilation. 1) Identify different...
-
? Dean and Ellen Price are married and have a manufacturing business. They bought a piece of business equipment (7-year personal property) on 4/1/2017 for $50,000. Use half-year convention to...
-
The Warrenburg Antique Mall expects to make purchases in the first quarter of 2012 as follows: January........ $90,000 February ...... 102,000 March ....... 84,000 Purchases in December 2011 are...
-
Expected manufacturing costs for Imperial Data Devices are as follows: Required Estimate manufacturing costs for production levels of 13,000 units, 15,000 units, and 17,000 units permonth. Variable...
-
Reg. 1.212-1 (n) refers to two Code Sections. What are they?
-
Under the gold standard, if country J imports more than it exports, it has to ship ________to the trading partners with whom it has trade deficits. This will depress country Js ____________, and its...
-
A monopoly would have a concentration ratio of _______and a Herfindahl Hirschman index of __________. a) 100, 100 b) 10,000, 10,000 c) 10,000, 100 d) 100, 10,000
-
Is convergence guaranteed always with Jacobi and Gauss-Siedel methods, as applied to iterative solutions of linear algebraic equations? (a) Yes (b) No
-
Imports have made the automobile industrys concentration ratio much relevant, while the Japanese transplants have been that ratio. a) more, reducing b) more, increasing c) less, reducing d) less,...
-
A duopoly would have a concentration ratio of. a) 0 b) 50 c) 100 d) an indeterminate amount.
-
The switch in Fig. 7-34 has been in position 1 for a long time; it is moved to 2 at t = 0. Obtain the expression for i, for t > 0. 50 V 10 V 2 40 20 mH
-
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...
-
Using Table 7.3 and linear interpolation in discount factors, for a \(\$ 1 \mathrm{M}\) 1 -year swap with semiannual fixed rate of \(4 \%\) per annum and quarterly floating leg based on 3-month rates...
-
Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations: Required: Using the step-down method, allocate the...
-
The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow: The company allocates service department...
-
The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow: The company allocates service department...
-
Use Pohlig-Hellman algorithm to compute log2 (19) modulo 37. Compute xi's directly, by computing sufficiently many powers of gi.
-
A shoe seller sold shoes worth 1 6 0 TL on the first day, 1 9 2 TL on the second day and 1 4 4 TL on the third day at the some price . At was t how many shoes were sold by the seller in 3 days?
-
The Financial Services is one of the important industries when KPMG operates in. What's the market structure of the Financial Services?. In addition, what's the level of concentration and barriers to...
Study smarter with the SolutionInn App