Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10% 2 months after sales 407l monci arter soutes 50% Sales during the month of sales Expects Soues : $ 50,000 in august $ 80,000
10% 2 months after sales 407l monci arter soutes 50% Sales during the month of sales Expects Soues : $ 50,000 in august $ 80,000 12 september $ 70,000 in october $ 60,000 in November income Starement sales - 502.000 cocal assers - $ 70,000 OPEX = $ 101,150 COGS =$350,250 Interest experie: $7,500 debor ratio 0.47 non current liabilities =$ 20,000 cumounties a) who is the opecrece money to be collected in October 6.) How much is the accounts receivable at the end of november c) Income tax roue is 40%, whor is the amount of the income tax liability? d) what is the level of current liabilities
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started