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Agua Pure is a distributor of bottled water. For each of the items, compute the amount of cash receipts or payments Agua Pure will budget
Agua Pure is a distributor of bottled water. For each of the items, compute the amount of cash receipts or payments Agua Pure will budget for September. The solution to one item may depend on the answer to an earlier item. Round your answers to the nearest whole dollar.
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a Management expects to sell equipment that cost $ at a gain of $ Accumulated depreciation on this equipment is $
a The amount of cash receipts the company will budget for the sale of the equipment is
b Management expects to sell cases of water in August and cases in September. Each case sells for $ Cash sales average of total sales, and credit sales make up the rest. Threefourths of credit sales are collected in the month of sale, with the balance collected the following month.
b The amount of cash receipts the company will budget for the collection of sale revenue is
c The company pays rent and property taxes of $ each month. Commissions and other selling expenses average of sales. Agua Pure pays onehalf of commissions and other selling expenses in the month incurred, with the balance paid the following month.
c The amount of cash payments for total expenses the company will budget for September is
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a Management expects to sell equipment that cost $ at a gain of $ Accumulated depreciation on this equipment is $
b Management expects to sell cases of water in August and cases in September. Each case sells for $ Cash sales average of total sales, and credit sales make up the rest. Threefourths of credit sales are collected in the month of sale, with the balance collected the following month.
c The company pays rent and property taxes of $ each month. Commissions and other selling expenses average of sales. Agua Pure pays onehalf of commissions and other selling expenses in the month incurred, with the balance paid the following month.
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