Lakeside Components wishes to purchase parts in one month f although sales for June are estimated to total 11,000 parts. Total Parts are purchased at a wholesale price of $15. The supplier ha percent of the purchase price in the month when the parts are 15,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and Ju Complete this question by entering your answers in the ta Required A Required B Estimate purchases (in units) for June and July. Merchandise to be purchased in units June July 15,000 Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 9,000 parts in stock, although sales for June are estimated to total 11,000 parts. Total sales of parts are expected to be 13,000 in July and 12,100 in August. Parts are purchased at a wholesale price of $15. The supplier has a financing arrangement by which Lakeside Components pays 60 percent of the purchase price in the month when the parts are delivered and 40 percent in the following month. Lakeside purchased 15,000 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. June July Merchandise to be purchased in units 15,000 < Required A Required B >
Lakeside Components wishes to purchase parts in one month f although sales for June are estimated to total 11,000 parts. Total Parts are purchased at a wholesale price of $15. The supplier ha percent of the purchase price in the month when the parts are 15,000 parts in May. Required: a. Estimate purchases (in units) for June and July. b. Estimate the cash required to make purchases in June and Ju Complete this question by entering your answers in the ta Required A Required B Estimate purchases (in units) for June and July. Merchandise to be purchased in units June July 15,000 Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 9,000 parts in stock, although sales for June are estimated to total 11,000 parts. Total sales of parts are expected to be 13,000 in July and 12,100 in August. Parts are purchased at a wholesale price of $15. The supplier has a financing arrangement by which Lakeside Components pays 60 percent of the purchase price in the month when the parts are delivered and 40 percent in the following month. Lakeside purchased 15,000 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. June July Merchandise to be purchased in units 15,000 < Required A Required B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Lakeside Components wishes to purchase parts in one month f
although sales for June are estimated to total 11,000 parts. Total
Parts are purchased at a wholesale price of $15. The supplier ha
percent of the purchase price in the month when the parts are
15,000 parts in May.
Required:
a. Estimate purchases (in units) for June and July.
b. Estimate the cash required to make purchases in June and Ju
Complete this question by entering your answers in the ta
Required A Required B
Estimate purchases (in units) for June and July.
Merchandise to be purchased in units
June
July
15,000
Transcribed Image Text:Lakeside Components wishes to purchase parts in one month for sale in the next. On June 1, the company has 9,000 parts in stock,
although sales for June are estimated to total 11,000 parts. Total sales of parts are expected to be 13,000 in July and 12,100 in August.
Parts are purchased at a wholesale price of $15. The supplier has a financing arrangement by which Lakeside Components pays 60
percent of the purchase price in the month when the parts are delivered and 40 percent in the following month. Lakeside purchased
15,000 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.
June
July
Merchandise to be purchased in units
15,000
< Required A
Required B >
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