Managerial Accounting - Fall 2022 - Sam Alagurajah Truong Huynh E Quiz: Quiz 2 Question 8 of 11 This quiz: 11 point(s) possible This question: 1 point(s) possible Submit quiz Aqua Pure is a distributor of bottled water. For each item below, compute the amount of cash receipts or payments Aqua Pure will budget for September. The solution to one item may depend on the answer to an earlier item. Question list K 1 (Click the icon to view the items.) (If there is not a cash receipt or payment, enter "0". Round your answers to the nearest whole dollar.) Question 1 Question 2 a. The company expenses $5,800 per month for insurance on its fleet of delivery vehicles. The insurance premium is paid semiannually in September and March. There for insurance. The amount would be $] O Question 3 b. Management expects to sell 7,000 cases of water in August and 9,400 in September. Each case sells for $18. Cash sales average 30% of total sales, and credit sales make up the rest. On average, three-fourths of credit sales are collected in the month of sale, with the balance collected the following month. There for the collection of sale revenue. The amount would be $ - X Question 4 c. The company pays commissions and other expenses of $4,800 per month. More info There for commissions and other expenses. The amount would be $ per month. Question 5 a. The company expenses $5,800 per month for insurance on its fleet of delivery vehicles. The d. A depreciation expense of $3,500 is recognized each month. insurance premium is paid semiannually in September and March. b. Management expects to sell 7,000 cases of water in August and 9,400 in September. Each case There for depreciation expense. The amount would be $]. sells for $18. Cash sales average 30% of total sales, and credit sales make up the rest. On O Question 6 average, three-fourths of credit sales are collected in the month of sale, with the balance collected e. Aqua Pure declares $107,000 in dividends to shareholders of record as of September 14 the following mont c. The company pays commissions and other expenses of $4,800 per month. There for the declaration of dividends to shareholders. The amount would be $ d. A depreciation expense of $3,500 is recognized each month. Question 7 e. Aqua Pure declares $107,000 in dividends to shareholders of record as of September 14. f. The payment date for the dividends declared in Part e is September 30. f. The payment date for the dividends declared in Part e is September 30. There when the dividend payment date is September 30. The amount would be s Question 8 Print Done O Question 9 Question 10 Question 11 Time Remaining: 00:40:12 Next