Answered step by step
Verified Expert Solution
Question
1 Approved Answer
faaaast A 150.000 100 od Accounts payable 17 000 216,000 Total dahil sa sockholdersity 106 400 $195.000 The company is in the process of preparing
faaaast
A 150.000 100 od Accounts payable 17 000 216,000 Total dahil sa sockholdersity 106 400 $195.000 The company is in the process of preparing but for October and has embled the following us 1. Sales are budgeted at $340,000 for October and S750,000 for Nover of the sales will be for the be sales are made and the remaining 60% in collected in the following month. All of the September she will be dis The budgeted cost of goods sold is always 45% of sales and the coding merchandise inventory is always 10% of the All merchandise purchases are on account. Thirty percent of all purchase we paid for in the month of purchase od 70 paid for the suppliers will be paid during October * Selling and administrative expenses for October ste budgeted 578000, exclusive of depreciation. These expenses will be picked Required: Using the information provided, Calculate or prepare the following The budgeted cash collections for October h. The budgeted merchandise purchases for October The budgeted cash disbursements for merchandise purchases for October The budgeted net operating income for October for the near SALT FOR ALTIN 10 (Mac 0 B TUS ch AN 6 * 11 M A 150.000 100 od Accounts payable 17 000 216,000 Total dahil sa sockholdersity 106 400 $195.000 The company is in the process of preparing but for October and has embled the following us 1. Sales are budgeted at $340,000 for October and S750,000 for Nover of the sales will be for the be sales are made and the remaining 60% in collected in the following month. All of the September she will be dis The budgeted cost of goods sold is always 45% of sales and the coding merchandise inventory is always 10% of the All merchandise purchases are on account. Thirty percent of all purchase we paid for in the month of purchase od 70 paid for the suppliers will be paid during October * Selling and administrative expenses for October ste budgeted 578000, exclusive of depreciation. These expenses will be picked Required: Using the information provided, Calculate or prepare the following The budgeted cash collections for October h. The budgeted merchandise purchases for October The budgeted cash disbursements for merchandise purchases for October The budgeted net operating income for October for the near SALT FOR ALTIN 10 (Mac 0 B TUS ch AN 6 * 11 M Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started