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answer asap, will leave thumbs up! Seminole Corporation ends the month of September with a cash balance of $50,000 which is their minimum required cash
answer asap, will leave thumbs up!
Seminole Corporation ends the month of September with a cash balance of $50,000 which is their minimum required cash balance. They budget cash collections in October to be $110,000 and cash disbursements to be $120,000 and have non-cash expenses of $6,000 in October. What amount of financing will Seminole require in October? Provide your answer as a whole number Wilco's Inci, armanufacturer of accounting textbooks, estimates sales of 500,000 books in October, 600,000 books in November, 800,000 books in December, 700,000 books in January, and 600,000 in February. Wilco plans on having 100,000 books in finished goods inventory on September 30 and wants to end each month with 20 percent of the following month's budgeted sales. What is Wilco's budgeted production for the fourth quarter (Oct-Dec)? 1,940,000 1,900,000 1,920,000 1,860,000 Some other answer Wilco, Inc. budgets materials purchases for the last six months of the year as: Wilco has also established the following disbursements pattern: 50% paid in the month of purchase and 50% paid in the month following purchase. In addition, Wilco has operating expenses of $25,000 per month which includes $2,500 of depreciation and amortization (noncash). Wilco atso purchases a piece of equipment in October for which they pay $5,000 cash an sign a $5,000 note payable. What amount will Wilco's budget for October cash disbursements? Some other answer $97.000 $99,500 $92,000 $90,000 Step by Step Solution
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