ACCT Managerial HW

a. C. e. April dividends of $4,000 were declared and paid. b. April capital expenditures of $16,100 budgeted for cash purchase of equipment. April depreciation expense, $800. d. Cost of goods sold, 50% of sales. Desired ending inventory for April is $24,800. f. April selling and administrative expenses include salaries of $30,000, 40% of which will be paid in cash and the remainder paid next month. g. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $86,000, 55% collected in April and 45% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,400. j. April purchases of inventory, $18,200 for cash and $37,800 on account. Half the credit purchases will be paid in April and half in May. a. C. e. April dividends of $4,000 were declared and paid. b. April capital expenditures of $16,100 budgeted for cash purchase of equipment. April depreciation expense, $800. d. Cost of goods sold, 50% of sales. Desired ending inventory for April is $24,800. f. April selling and administrative expenses include salaries of $30,000, 40% of which will be paid in cash and the remainder paid next month. g. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April. h. April budgeted sales, $86,000, 55% collected in April and 45% in May. i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8,400. j. April purchases of inventory, $18,200 for cash and $37,800 on account. Half the credit purchases will be paid in April and half in May