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Agua Puro is a distributor of bottled water. For each of the items, compute the amount of cash receipts or payments Agua Puro will budget
Agua Puro is a distributor of bottled water. For each of the items, compute the amount of cash receipts or payments Agua Puro 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) 0 (Click the icon to view the items ) a. Management expects to sell equipment that cost $19,000 at a gain of $7,000. Accumulated depreciation on this equipment is $9,000 a. The amount of cash receipts the company will budget for the sale of the equipment is b. Management expects to sell 7,600 cases of water in August and 9.4 cases in September. Each case sells for S15. Cash sales average 10% of total sales and credit sales make up the rest Three four so cred 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 S C. 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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