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1) Booko Co. expects to purchase $90,000 of materials in July and $105,000 of aterials in August. Three-quarters (75%) of all purchases are paid for

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1) Booko Co. expects to purchase $90,000 of materials in July and $105,000 of aterials in August. Three-quarters (75%) of all purchases are paid for in the month of purchase, and the other one-fourth (25%) are paid for in the month following of purchase. he month How much will August's cash disbursements for materials purchase be? Ranger Co. has the following budgeted sales: July $100,000, August $150,000, and eptember $125,000.40% of the sales are for cash and 60% are on credit. For the dit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are? 3) Shining Company's direct materials budget shows total cost of direct materi purchases for April $360,000 and June $420,000. Cash payments are 60% in the mont of purchase and 40% in the following month. The budgeted cash payments are? for June 4) The following credit sales are budgeted by Tabbing Company: . January $136,000 . February 200,000 March 280,000 240,000 . April The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following, and 8% in the second month following the sale, and 2% in UC. The anticipated cash inflow for the month of April is A. $246,880 B.$224,000 C. $240,000 D. $235,200 5) Cunning Company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale, the remainder 5% is never collected. Budgeted credit sales were: . January $240,000 . Februar 144,000 . March 360,000 The cash inflow in the month of March is expected to be A. $271,200. B. $205,200. C. $216,000. D. $259,200

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