Larch sells baked goods products in Omaha, NE Data reganding the stoer's operations follow: November December...

 

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Larch sells baked goods products in Omaha, NE Data reganding the stoer's operations follow: November December $ 410,000 $375,000 4000. 16 Net income for November would be: A. B. C. Sales budget Collection schedule Month of sale Next month Uncollectible The cost of goods sold is 60% of sales. Other monthly expenses to be paid in cash are $25.000 Monthly depreciation is $15,000. Inventory purchase policy is to maintain 20% of the next month's sales as the ending inventory 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following month Larch declared a special dividend of $10,000 on November 5 to be paid on Nov. 30. Larch's Account Payable balance as of November I is 563,000. 287,000 410 pou 24600 45fac 291,000 27540U 4920) you z 30400 24/80 410,000 vov $ 101,700 $ 111,700 B E. None of the above S 126,700 $ 124.000>>> A. B C. $ 138,240 $ 230-400 S234,960 D. S 241,800 E. None of the above $ 190.000 $240.000 $ 205,000 D. $ 215,000 E. None of the above 17 The total cash disbursement for inventory purchases in December would be: A. B. 70% 27% 3% 110,700 262,500 11,250 384,450 January $ 420,000 Oct Nov Dec ૧૦, 161,200 234400 395600 Dec 775000 164,000 139,000 4101000x6 ×.9 १४,५०० 375,000x. 6× 6. 135,00 What is the total amount of cash disbursements in December? Contrary to your answr for Q17, assume the disbursement for purchases in December is $240,000. 11210 96720 240,000 4161 410,00 7500 375 роси 4го 22500 2 J0400 Jan न्च 42 Page 9 of 20 96 120 144,000 61,00 428 375,00 syout 48500 459,00 92.00 75000 403,00 384,00 230 161 Nov Dec .6 .4 Larch sells baked goods products in Omaha, NE Data reganding the stoer's operations follow: November December $ 410,000 $375,000 4000. 16 Net income for November would be: A. B. C. Sales budget Collection schedule Month of sale Next month Uncollectible The cost of goods sold is 60% of sales. Other monthly expenses to be paid in cash are $25.000 Monthly depreciation is $15,000. Inventory purchase policy is to maintain 20% of the next month's sales as the ending inventory 60% of the purchase is paid for in the month of purchase, the remainder is paid in the following month Larch declared a special dividend of $10,000 on November 5 to be paid on Nov. 30. Larch's Account Payable balance as of November I is 563,000. 287,000 410 pou 24600 45fac 291,000 27540U 4920) you z 30400 24/80 410,000 vov $ 101,700 $ 111,700 B E. None of the above S 126,700 $ 124.000>>> A. B C. $ 138,240 $ 230-400 S234,960 D. S 241,800 E. None of the above $ 190.000 $240.000 $ 205,000 D. $ 215,000 E. None of the above 17 The total cash disbursement for inventory purchases in December would be: A. B. 70% 27% 3% 110,700 262,500 11,250 384,450 January $ 420,000 Oct Nov Dec ૧૦, 161,200 234400 395600 Dec 775000 164,000 139,000 4101000x6 ×.9 १४,५०० 375,000x. 6× 6. 135,00 What is the total amount of cash disbursements in December? Contrary to your answr for Q17, assume the disbursement for purchases in December is $240,000. 11210 96720 240,000 4161 410,00 7500 375 роси 4го 22500 2 J0400 Jan न्च 42 Page 9 of 20 96 120 144,000 61,00 428 375,00 syout 48500 459,00 92.00 75000 403,00 384,00 230 161 Nov Dec .6 .4

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1 Requirement 16 2 Sales revenue A 3 Less Cost of go... View the full answer