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Ex 8 and EX 9 with explainations please. Exercise 8 Your Co. pays 60 % of its purchases in the month of the purchase and
Ex 8 and EX 9 with explainations please.
Exercise 8 Your Co. pays 60 % of its purchases in the month of the purchase and 40% the following month. Calculate budgeted cash disbursements from purchases. 16 January February March April May June 80 18 160 19 120 20 160 200 100 LT March disbursements for purchases 25 April disbursements for purchases X 27 May disbursements for purchases 29 31 222 13 G HIJK F D B Exercise 9 Prepare the monthly cash budget assuming Yo Co. wants to maintain a minimum cash balance of $160. Yo Co. pays interest monthly based on that month's beginning loan balance. List disbursements in the order they're given. Dec Nov ? Beginning cash balance Depreciation expense Equipment purchase Loan balance (24% annual rat Other cash expenditures Payments to suppliers Receipts from customers Salary payments 160.00 400.00 400.00 0 120.00 6 7 8 9 400.00 264.00 240.00 672.00 560.00 1,280.00 1,600.00 160.00 41 42 43 44 45 160.00 November December Cash Receipts: Cash Disbursements Show disbursements as negative #'s 46 47 48 49 50 56 Step by Step Solution
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