Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

image text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Learning From Collaborative Audit

Authors: Higher Education Quality Council

1st Edition

1858242312, 978-1858242316

More Books

Students also viewed these Accounting questions