Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

find cash budget Question 3. (20 marks) Alco Inc. deals in wooden bars and had following sales revenue: Month Jan Feb Mar Apr May Jun

image text in transcribed
find cash budget
Question 3. (20 marks) Alco Inc. deals in wooden bars and had following sales revenue: Month Jan Feb Mar Apr May Jun Sales Revenue 132,000 168,000 149,000 155,000 161,000 177,000 The company charges 20% margin on the purchase price of the goods. The balance of inventory as at January 01 was $78,000 and at June 30 was $56,500. The purchases made were paid 50% in the month of purchases, 25% in the next month, and 25% in the following month Question 3. (20 marks) Alco Inc. deals in wooden bars and had following sales revenue: Month Jan Feb Mar Apr May Jun Sales Revenue 132,000 168,000 149,000 155,000 161,000 177,000 The company charges 20% margin on the purchase price of the goods. The balance of inventory as at January 01 was $78,000 and at June 30 was $56,500. The purchases made were paid 50% in the month of purchases, 25% in the next month, and 25% in the following month

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management

Authors: Pawan Handa, Jean Pagani, Denise Bedford

1st Edition

1789737745, 978-1789737745

More Books

Students also viewed these Accounting questions