Question: whole dollar. ) ( Click the icon to view the items. ) a . Management expects to sell equipment that cost $ 2 2 ,

whole dollar.)
(Click the icon to view the items.)
a. Management expects to sell equipment that cost $22,000 at a gain of $4,000. Accumulated depreciation on this equipment is $9,000.
a. The amount of cash receipts the company will budget for the sale of the equipment is
the balance collected the following month.
b. The amount of cash receipts the company will budget for the collection of sale revenue is
month.
c. The amount of cash payments for total expenses the company will budget for September is
More info
a. Management expects to sell equipment that cost $22,000 at a gain of $4,000.
Accumulated depreciation on this equipment is $9,000.
b. Management expects to sell 7,500 cases of water in August and 9,400 cases in
September. Each case sells for $15. Cash sales average 40% of total sales,
and credit sales make up the rest. Three-fourths of credit sales are collected in
the month of sale, with the balance collected the following month.
c. The company pays rent and property taxes of $4,100 each month.
Commissions and other selling expenses average 30% of sales. Agua Pure
pays one-half of commissions and other selling expenses in the
month incurred, with the balance paid the following month.
 whole dollar.) (Click the icon to view the items.) a. Management

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