Question: need step by step solution Accenture Philippines has estimated its activity for December 2022. Selected data from these estimated amounts are as follows: Sales P350,000
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Accenture Philippines has estimated its activity for December 2022. Selected data from these estimated amounts are as follows: Sales P350,000 30% Gross Profit (based on sales) P10,000 Increase in trade account receivable during the month O Change in accounts payable during the month P5,000 Increase in inventory during the month Variable selling, and general and administrative expenses (S, G&A) include uncollectible accounts of 1% of sales. Total S, G&A is P35.000 per month plus 15% of sales Depreciation expense of P20,000 per month is included in fixed S.G&A. 1. On the basis of the above data, what is the estimated cash receipt from operations for December? Provide computation in arriving at numbers. 2. On the basis of the above data, what is the estimated cash disbursement from operations for December? Provide computation in arriving at numbers
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