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Just need some quick help on this I will rate kindly for the right answers! Many thanks and God bless!!! Galina, Inc. has prepared the
Just need some quick help on this
I will rate kindly for the right answers!
Many thanks and God bless!!!
Galina, Inc. has prepared the following direct materials purchases budget: Budgeted DM Month Purchases June $69,000 July 74,000 August 78,100 September 78,800 October 69,400 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October. O A. $49,520 OB. $7,880 O C. $41,640 OD. $14,820 Kuzma Foods, Inc. has budgeted sales for June and July at $690,000 and $790,000, respectively. Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? O A. $186,300 OB. $711,000 O C. $213,300 OD. $237,000Step by Step Solution
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