Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 22, 2024

Accountsreceivableperiod 37days Inventoryperiod 51days Accountspayableperiod 42days Account Quarter1 Quarter2 Quarter3 Quarter4 Sales Quarter1 - $7,000 Quarter2 - $6,000 Quarter3 - $8,000 Quarter4 - $9,000 Wages

Accountsreceivableperiod

37days

Inventoryperiod

51days

Accountspayableperiod

42days

Account

Quarter1

Quarter2

Quarter3

Quarter4

Sales

Quarter1 - $7,000

Quarter2 - $6,000

Quarter3 - $8,000

Quarter4 - $9,000

Wages

Quarter1 - $2,000

Quarter2 - $1,500

Quarter3 - $2,000

Quarter4 - $2,500

Overheadexpenses

Quarter1 - $500

Quarter2 - $400

Quarter3 - $500

Quarter4 - $600

Dividends

Quarter1 - $125

Quarter2 - $125

Quarter3 - $125

Quarter4 - $125

Interestexpense

Quarter1 - $350

Quarter2 - $150

Quarter4 - $200

Quarter4 - $300

a)WhatistheaccountspayablebalanceatthebeginningofQuarter2?

b) WhatisthenetcashflowforQuarter2?

c) WhatistheamountofpurchasesinQuarter2?

d) WhatistheamountofthetotaldisbursementsforQuarter3?

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

Recommended Textbook for

Financial Accounting Information for Decisions

Authors: John J. Wild

9th edition

1259917045, 978-1259917042

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is ICFR?

Answered: 1 week ago

Question

★★★★★

How should an employer respond to a request for voluntary recognition by a union? Are there any advantages to an employer of using the card check procedure and remaining neutral?

Answered: 1 week ago

Question

★★★★★

Were instruments explored for gender bias? For example, were instruments used for both sexes that had only been validated for one sex? Did questions use sexist language? Was consideration given to...

Answered: 1 week ago

Question

★★★★★

Rootstown Cola produces a lemon- lime soda. The production process starts with workers mixing the lemon syrup and lime flavors in a secret recipe. The company enhances the combined syrup with...

Answered: 1 week ago

Question

★★★★★

QUESTION 1 This approach in multiprocessing assigned one processor to one process. Clustered Symmetric Asymmetric Slaves

Answered: 1 week ago

Question

★★★★★

Which limestment would you grefor, assuming they are of equal risk? Explain. Calculate a oneyear holding perfod return (HPR) for the following two invettment alternatives: The HPR for invostment X is...

Answered: 1 week ago

Question

★★★★★

Required neat and clear handwritten solution with all steps. Knowing that a = 0.14 m, b = 0.54 m, c= 0.35 m and F = 3.6 kN, determine the magnitude of the force at point B. A B F KN C D bm am bm EO cm

Answered: 1 week ago

Question

★★★★★

Write a MATLAB script to visualize a 3 D plot of a parametric surface representing a spherical spiral. The parametric equations for a spherical spiral are given by: x ( ? , \ theta ) = Rsin ( ? ) cos...

Answered: 1 week ago

Question

★★★★★

What are the specific activities that could make up your project? pleaselist the activities with their information on immediate predecessor andcompletion time, in both a table, and PERT chart.

Answered: 1 week ago

Question

★★★★★

from your own experience, describe a situation in which you provided a double message. Did you intentionally provide it?

Answered: 1 week ago

Question

★★★★★

Free vibration of two rotor system The flywheel of an engine driving a dynamo has mass of 200kg and has a radius of gyration of 30cm. The shaft at the flywheel end has as an effective length of 25cm...

Answered: 1 week ago

Question

★★★★★

Now that we know the normal distribution will provide a reasonable approximation to the sampling distribution of p, the next step is to convert p to a z-score. Recall that n = 230, p = 0.02, and p =...

Answered: 1 week ago

Question

★★★★★

3. How can rumours about someone contribute to creating the behaviour we expect him / her to have? Use examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

2. How can the expectations we have of a person contribute to the image we have of him / her? Give some examples from your own everyday life.

Answered: 1 week ago

Question

★★★★★

9. Discuss the statement: If the actors mainly act on the basis of a view of human-ity as driven by self-interest, and incorporate this idea into their models, they may end up with their premises...

Answered: 1 week ago

Previous Question Next Question