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Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data: January cash sales $ 63,000 January credit sales 385,000
Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data:
January cash sales $63,000 January credit sales 385,000 Collections from December credit sales 147,000 Selling and administrative costs (paid in month of purchase) 59,000 Depreciation expense 23,000 Merchandise Inventory, January 1 192,000 Merchandise Inventory, January 31 213,000 Cost of goods sold is 40% of Coopers selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible
What is Pharoahs budgeted cash disbursements for January? Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data: $63,000 385.000 147.000 59,000 23,000 January cash sales January credit sales Collections from December credit sales Selling and administrative costs (paid in month of purchase) Depreciation expense Merchandise Inventory, January 1 Merchandise Inventory, January 31 Cost of goods sold is 40% of Cooper's selling price All purchases are paid in cash Credit sales are collected 60% in the month of sale, 35% in the following month, and 5% is deemed uncollectible 192,000 213,000 What is Pharoah's budgeted cash disbursements for January? Total January disbursements $
Pharoah Company, a retailer of camping supplies has budgeted activity for January using the following data:
What is Pharoahs budgeted cash disbursements for January?
January cash sales | $63,000 | |
January credit sales | 385,000 | |
Collections from December credit sales | 147,000 | |
Selling and administrative costs (paid in month of purchase) | 59,000 | |
Depreciation expense | 23,000 | |
Merchandise Inventory, January 1 | 192,000 | |
Merchandise Inventory, January 31 | 213,000 | |
Cost of goods sold is 40% of Coopers selling price | ||
All purchases are paid in cash | ||
Credit sales are collected 60% in the month of sale, 35% in | ||
the following month, and 5% is deemed uncollectible |
What is Pharoahs budgeted cash disbursements for January?
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