18. Swanson Company is preparing a cash budget for the month of September. The following information...
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18. Swanson Company is preparing a cash budget for the month of September. The following information is available: Cash Balance, August 31, 2020 $10,000 112,000 68,000 Cash collections from customers in September Cash paid for merchandise in September Paid operating expenses in September Purchase equipment for cash in September 20,000 4,000 Depreciation expense in September 3,500 Amortization expense in September 2,500 The minimum cash balance desired is $10,000. What are the net cash receipts and disbursements for the month of September? A) $7,000 B) $10,000 C) $20,000 D) $30,000 18. Swanson Company is preparing a cash budget for the month of September. The following information is available: Cash Balance, August 31, 2020 $10,000 112,000 68,000 Cash collections from customers in September Cash paid for merchandise in September Paid operating expenses in September Purchase equipment for cash in September 20,000 4,000 Depreciation expense in September 3,500 Amortization expense in September 2,500 The minimum cash balance desired is $10,000. What are the net cash receipts and disbursements for the month of September? A) $7,000 B) $10,000 C) $20,000 D) $30,000
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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