Question
Based on the information below, find cash available at the end of March For your answer. Do not use the dollar sign, do not use
Based on the information below, find cash available at the end of March
For your answer. Do not use the dollar sign, do not use decimals, periods or commas. Round to the next unit.
UR Business is working on its budgets for the first quarter of 2022 -January March. The following are the estimated sales for that period with a beginning cash balance of $ 10,000.
| January | February | March | |
| Revenue | $612.300 | $736.470 | $797.400 |
| Cost of Sales | $164.349 | $167.936 | $167.238 |
| Commissions | $173.158 | $181.215 | $177.957 |
| Rent | $15.000 | $15.000 | $15.000 |
| Depreciation | $35.000 | $35.000 | $35.000 |
The sales pattern is 25% cash sales and 75% credit sales. Collections are done the next month.
Monthly expenses are as follow:
The cost of sales is 80% in the current month and the reminder paid in the following month.
Commissions are with 70% of the money paid in the month of sale, and the balance being paid for accounts payable in the following month.
Answer:
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
