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.)

a. Management expects to sell equipment that cost $22,000 at a gain ot ST,00 Accumulated deprecation on this equipment is $10,D00 a. The amount of cash receipts the company will budget for the sale of the equipment is S b. Management expects to sell 7 600 cases of with the balance collected the following month. ater in August and 9,800 cases n September Each case sels rS10. Cash sales average 40% of t al sales and credit sales make up the rest. Three fourths o credit sales are collected in the month of sale b. The amount of cash receipts the company will budget for the collection of sale revenue is s c. The company pays rent and property axes o $4,300 each month. Commissions and other seling expenses average 10% of sales following nonth. gua Pure pays one-half o commissions and other selling expenses in he month incurred with he balance paid the c. The amount of cash payments tor total expenses the company will budget tor September is $ More Info a. Management expects to sell equipment that cost $22,000 at a gain of $7,000 Accumulated depreciation on this equipment is $10,000 b. Management expects to sell 7,600 cases of water in August and 9,800 cases in September. Each case sells for $16. Cash sales average 40% of total sales. and credit sales make up the rest. Three-fourths 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 $4,300 each month. Commissions and other selling expenses average 10% of sales. Agua Pure pays one-half of commissions and other selling expenses in the month incurred, with the balance paid the following month. Print Done