Old MathJax webview

Old MathJax webview

need it in Asap 30min with step

this is all there no extra info was there you are late now no use

if you had tried zoom you would have solved it

on Completion Status Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Cominon stock Retained earings Total liabilities and stockholders' equity Sil 100 7.000 41.000 224.000 $ 351,400 $ 70.000 195.500 85.900 $ 351,400 The company is in the process of preparing a budget for October and has assembled the following data: 1. Sales are budgeted at $220,000 for October and $230,000 for November. Of these sales, 30% will be for cash, the remainder will be credit sales. 50% of a month's credit sales are collected in the month the sales are made, and the remaining is collected in the following month. All of the September 30 accounts receivable will be collected in October 2. The budgeted cost of goods sold is always 45% of sales and the ending merchandise inventory is always 30% of the following month's cost of goods sold. 3. All merchandise purchases are on account. Forty percent of all purchases are paid for in the month of purchase and 60% are paid for in the following month All of the September 30 accounts payable to suppliers will be paid during October. 4. Selling and administrative expenses for October are budgeted at $86,000, exclusive of depreciation. These expenses will be paid in cash. Depreciation is budgeted at $2.750 for the month Required: Using the information provided, Calculate, or prepare the following a. The budgeted cash collections for October. b. The budgeted merchandise purchases for October c. The budgeted cash disbursements for merchandise purchases for October d. The budgeted net operating income for October For the toolbar, press ALT+F10 (PO) or ALT+FN+F10 (Mac). TOSHIBA on Completion Status Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Cominon stock Retained earings Total liabilities and stockholders' equity Sil 100 7.000 41.000 224.000 $ 351,400 $ 70.000 195.500 85.900 $ 351,400 The company is in the process of preparing a budget for October and has assembled the following data: 1. Sales are budgeted at $220,000 for October and $230,000 for November. Of these sales, 30% will be for cash, the remainder will be credit sales. 50% of a month's credit sales are collected in the month the sales are made, and the remaining is collected in the following month. All of the September 30 accounts receivable will be collected in October 2. The budgeted cost of goods sold is always 45% of sales and the ending merchandise inventory is always 30% of the following month's cost of goods sold. 3. All merchandise purchases are on account. Forty percent of all purchases are paid for in the month of purchase and 60% are paid for in the following month All of the September 30 accounts payable to suppliers will be paid during October. 4. Selling and administrative expenses for October are budgeted at $86,000, exclusive of depreciation. These expenses will be paid in cash. Depreciation is budgeted at $2.750 for the month Required: Using the information provided, Calculate, or prepare the following a. The budgeted cash collections for October. b. The budgeted merchandise purchases for October c. The budgeted cash disbursements for merchandise purchases for October d. The budgeted net operating income for October For the toolbar, press ALT+F10 (PO) or ALT+FN+F10 (Mac). TOSHIBA