43What are the estimated cash disbursements for inventories in April? NUBD Company is preparing its cash budget for the month of April. The followinginformation is available concerning its inventories:Inventories, April 1Estimated purchases for AprilEstimated cost of goods sold for AprilEstimated payments in April for purchases in MarchEstimated payments in April for purchases prior to MarchEstimated payments in April for purchases in AprilP 90,000440,000450,00075,00020,00075%

Solution: Estimated cash disbursements for inventories in April = Estimated payments in april for…

Answered: NUBD Company is preparing its cash…

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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The actual cash received during the week ended June 7 for cash sales was $18,921, and the amount indicated by the cash register total was $18,903. Journalize the entry for cash receipts and cash sales for the week. If an amount box does not require an entry, leave it blank. June 7
40. What amount should be reported as cash on December 31, 2022? 40. Huston's Company had a checkbook balance on December 31, 2022 of P820,000 and held the following items: L Check payable to Huston dated January 4, 2023 included in the December 31 checkbook balance, P90,000. 11. Check payable to Huston dated December 28, 2022 and included in the December 31 balance, it was returned by the bank on December 30 marked NSF. The check was redeposited January 3, 2023 and is cleared January 5, 2023, P80,000. III. Check payable to Regina Mills, a supplier, dated January 3, 2023 was delivered on December 29, 2022, P65,000. This was excluded in the December 31 balance.
17. Find the ending balance if the original balance was $425.32 and the followingtransactions occurred over the space of a week: wrote a check, $16;paycheck deposit, $235.21; check deposit, $30; ATM, $20; wrote a check,$63.45; deposit, $30; maintenance fee, $11; interest, $0.32.A. $609.76B. $610.40C. $650.08D. $649.76
Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: • Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January. • Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. • The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. • Other monthly expenses to be paid in cash are $22,600. Monthly depreciation is $28,500. . Ignore taxes. Assets Cash: Balance Sheet October 31 Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity The difference between cash receipts and cash…
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When is the posting usually made? O everyday O weekly monthly annually
9. 測 3. ABC Co. had the following purchases on account: September August 65% of the month's purchases are paid in the month of purchase. The remainder is paid in the month following purchase, How much will the cash payments for purchases be in August? July 000'008$ 43°F SU prt sc 144 114 fg *- V. 0. 5. 6.
need sep 20 payment nov 5 dec 31
4C. Draw up a cashbudget for Amal showing the balance at the end of each month, from the following information for the six months from July to December 2019: (a) Opening cash (including bank) balance on 1 July 2019 OMR 3600 (b) Production in units: Jan 500 Feb800 March 700 April 900 May1000 June850 July890 Aug1050 Sep650 Oct750 Nov 900 Dec800 (c) Raw materials used in production cost OMR 25 per unit. Of this, 75 per cent is paid in the month of production and remaining balance in the month after production. (d) Direct labour costs of OMR 20 per unit are payable in the month of production. (e) Variable expenses are OMR 10 per unit, payable 50 per cent in the same month as production and remaining balance in the month after production. (f) Sales at OMR 70 per unit: Jan 450 Feb 600 March 900 April 800 May 850 June 700 July 1,000 Aug 800 Sep 900 Oct 500 Nov 600 Dec 750 Debtors to pay their accounts one month after that in which sales is made (g) Fixed expenses of OMR 1,200 per month…
2. If HHC has $1,150 cash, $500 of government Treasury bills purchased four months ago, $780 of cash set aside for its workers' compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? Cash and Cash Equivalents

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