Question
Bookworm Publishers publishes books and they have gathered the following data for the month of October: Data Cash on 8/1 $7,000 Expected Cash Collections $355,000
Bookworm Publishers publishes books and they have gathered the following data for the month of October:
| Data | |
| Cash on 8/1 | $7,000 |
| Expected Cash Collections | $355,000 |
| Direct Materials Cash Disbursements | $68,000 |
| Direct Labor Cash Disbursements | $50,000 |
| MOH Cash Disbursements | $47,500 |
| Operating Expenses Cash Disbursements | $91,000 |
| Capital Expenditures Cash Disbursements | $129,000 |
Bookworm Publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in$1,000 increments. How much cash is available for October?
A.$355,000
B.$362,000
C.$270,500
D.$5,000
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Auditing Concepts For A Changing Environment
Authors: Larry E. Rittenberg, Bradley J. Schwieger
5th Edition
0324223102, 978-0324223101
