Check my work ces Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 10,000 parts in stock. although sales for June are estimated to total 14,400 parts. Total sales of parts are expected to be 13,500 in July and 11,600 in August. Parts are purchased at a wholesale price of $20. The supplier has a financing arrangement by which Lakeside Components pays 50 percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased 17,000 parts in May. Required: a. Estimate purchases (in units) for June and July b. Estimate the cash required to make purchases in June and July. Complete this question by entering your answers in the tabs below. Required A Required B Estimate purchases (in units) for June and July. Merchandise to be purchased in units June July
Check my work ces Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 10,000 parts in stock. although sales for June are estimated to total 14,400 parts. Total sales of parts are expected to be 13,500 in July and 11,600 in August. Parts are purchased at a wholesale price of $20. The supplier has a financing arrangement by which Lakeside Components pays 50 percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased 17,000 parts in May. Required: a. Estimate purchases (in units) for June and July b. Estimate the cash required to make purchases in June and July. Complete this question by entering your answers in the tabs below. Required A Required B Estimate purchases (in units) for June and July. Merchandise to be purchased in units June July
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ces
Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 10,000 parts in stock.
although sales for June are estimated to total 14,400 parts. Total sales of parts are expected to be 13,500 in July and 11,600 in August.
Parts are purchased at a wholesale price of $20. The supplier has a financing arrangement by which Lakeside Components pays 50
percent of the purchase price in the month when the parts are delivered and 50 percent in the following month. Lakeside purchased
17,000 parts in May.
Required:
a. Estimate purchases (in units) for June and July
b. Estimate the cash required to make purchases in June and July.
Complete this question by entering your answers in the tabs below.
Required A Required B
Estimate purchases (in units) for June and July.
Merchandise to be purchased in units
June
July
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