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No borrowing or repayment of loans will be made in January. How much is the expected cash balance at the end of January? 570400 451 200 119 200X1 A) $74,400 B) $175,000 $119,200 D) $34,800

No borrowing or repayment of loans will be made in January. How much is the expected cash balance at the end of January? 570400 451 200 119 200X1 A) $74,400 B) $175,000 $119,200 D) $34,800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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32. YZ Company has provided the following budgeted-information for the month of January $250,000 $150,000 $200,000 $108,400 Sales Costs of goods sold Cash collections from customers anticipated in January Inventory purchases to be paid in January Expected January cash payments for selling and administrative expenses Cash dividends to be declared in January and to be paid in February January depreciation expense Interest income from investments to be received in cash in January Production equipment purchase 70% of which will be paid in January and the balance will be paid in February January 1, cash balance No borrowing or repayment of loans will be made in January. How much is the expected cash balance at the end of January? 570400 951 200 A) $74,400 B) $175,000 $119,200 D) $34,800 $45,200 $36,000 $19,200 $8,400 $132,000 $112,000 119 200 X
Transcribed Image Text:32. YZ Company has provided the following budgeted-information for the month of January $250,000 $150,000 $200,000 $108,400 Sales Costs of goods sold Cash collections from customers anticipated in January Inventory purchases to be paid in January Expected January cash payments for selling and administrative expenses Cash dividends to be declared in January and to be paid in February January depreciation expense Interest income from investments to be received in cash in January Production equipment purchase 70% of which will be paid in January and the balance will be paid in February January 1, cash balance No borrowing or repayment of loans will be made in January. How much is the expected cash balance at the end of January? 570400 951 200 A) $74,400 B) $175,000 $119,200 D) $34,800 $45,200 $36,000 $19,200 $8,400 $132,000 $112,000 119 200 X
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