Question: i need help with 41,42,43,44 Question 44 (2 points) The following data have been taken from the budget reports of Brandon Company, a merchandising company.

i need help with 41,42,43,44  i need help with 41,42,43,44 Question 44 (2 points) The following
data have been taken from the budget reports of Brandon Company, a
merchandising company. January $160,000 February $160,000 March $140,000 April $120,000 May $100,000
Purchases Forty percent of purchases are paid for in cash at the

Question 44 (2 points) The following data have been taken from the budget reports of Brandon Company, a merchandising company. January $160,000 February $160,000 March $140,000 April $120,000 May $100,000 Purchases Forty percent of purchases are paid for in cash at the time of purchase, and 30% are paid for in each of the next two months. Purchases for the previous November and December were $150,000 per month. Total Cash Disbursements for the first quarter of the year (January through March) is O $595,000 $376,000 $418,000 $463,000 Question 43 (2 points) The cash disbursements budget includes Cash paid for direct materials ordered during a period Cash paid for direct materials used during a period Cash paid to suppliers during a period Cash received from customers during a period Question 42 (2 points) Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. January $15,000 $100,000 February $24,000 $120,000 March $18,000 $90,000 April $14,000 $70,000 Cash sales Credit sales On average, 60% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, what is the expected value of Accounts Receivable at the end of April? $42,000 $70,000 $28,000 $21,000 Question 41 (2 points) Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. January $15,000 $100,000 March $18,000 $90,000 February $24,000 $120,000 Cash sales Credit sales April $14,000 $70,000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is: $126,300 $117,000 $108,000 $119,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!