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Candice inc. provides you with the following budgeted information for two months in year 2019: Expectations - Cash sales represent 25% of total sales -
Candice inc. provides you with the following budgeted information for two months in year 2019: Expectations - Cash sales represent 25% of total sales - Al sales on account are collected in the following month - 70% of March's $90,000 worth of capital expenditures is to be paid at the end of March. The remainder is to be paid in the following month. Apri's capital expenditure will be paid in May. - Monthly amortization represents 15% of general and administration costs - Manufacturing costs and general and administration costs are to be paid in the month in which they are incurred - Dividends of $8,000 are expected to be declared in March and paid in April - Candice inc, obtains the minimum financing needed to ensure at least a $10,000 cash batance at the end of the month through a bank loan. Assume that any amount taken out of the bank loan may be repaid only at year end. Prenarn a nakn nuctiet rot Marcn and ADnt
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