Yolo Corp. is trying to determine its cash disbursements for the next two months (June and July).
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Question:
Yolo Corp. is trying to determine its cash disbursements for the next two months (June and July).
In any month, the firm makes purchases of 60% of that month's sales, which are paid the following month. In addition, the firm incurs the following costs every month and pays for them in the month the expenses are incurred: wages/salaries of $12,000, rent of $5,000, and miscellaneous cash expenses of $1,000. Depreciation amortized on a monthly basis is $2,000. June's sales are expected to be $100,000, and July's sales are expected to be $172,000.
QUESTION: calculate Cash disbursements for the month of July .
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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