Question: 1) Please help me solve the following question with steps on how to do it. I already have the answers, I just need someone to
1) Please help me solve the following question with steps on how to do it. I already have the answers, I just need someone to explain in clear steps on how to do this problem.
A) For the month of November, the beginning inventory of Product M is expected to be 2,000 cases. Expected sales are 10,000 cases, and the company wishes to begin the next period with an inventory of 1,000 cases. The number of cases of M that the company must purchase during November is?
Ans: 9000 cases
B) Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The companys minimum desired cash balance is $10,000. It started the period with $35,000. What is the expected cash balance at the end of January?
Ans: $48000
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