{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:43:52-04:00", "answer_date": "2024-06-28 04:43:52", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4241677", "url": "\/study-help\/questions\/please-assist-me-with-solving-this-problem-on-january-1-4241677", "question_creation_date_js": "2024-06-28T04:43:52-04:00", "question_creation_date": "Jun 28, 2024 04:43 AM", "meta_title": "[Solved] Please assist me with solving this proble | SolutionInn", "meta_description": "Answer of - Please assist me with solving this problem. On January 1, Easton Company had cash on hand of $100,000. All of January' | SolutionInn", "meta_keywords": "assist,solving,problem,january,1,easton,company,cash,hand,$100,000,s,$212,000", "question_title_h1": "Please assist me with solving this problem. On January 1, Easton Company had cash on hand of $100,000. All of January's $212,000 sales were on", "question_title": "Please assist me with solving this problem. On January 1, Easton Company", "question_title_for_js_snippet": "Please assist me with solving this problem On January 1, Easton Company had cash on hand of $100,000 All of January's $212,000 sales were on account December sales of $226,000 were also all on account Experience has shown that Easton typically collects 30 of receivables in the month of the sale and the balance the following month All materials and supplies are purchased on account and Easton has a history of paying for half of these purchases in the month of purchase and half the following month Such purchases were $171,000 for December and $181,000 for January All other expenses including wages are paid in the month incurred These amounted to $42 000 in December and $72,000 in January Use this information to determine the projected ending balance of cash on hand for January (Round answer to the nearest whole dollar) Your", "question_description": "

Please assist me with solving this problem. <\/p>

\"image<\/div><\/div><\/div> On January 1, Easton Company had cash on hand of $100,000. All of January's $212,000 sales were on account. December sales of $226,000 were also all on account. Experience has shown that Easton typically collects 30% of receivables in the month of the sale and the balance the following month. All materials and supplies are purchased on account and Easton has a history of paying for half of these purchases in the month of purchase and half the following month. Such purchases were $171,000 for December and $181,000 for January. All other expenses including wages are paid in the month incurred. These amounted to $42.000 in December and $72,000 in January. Use this information to determine the projected ending balance of cash on hand for January. (Round answer to the nearest whole dollar) Your", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "0916727823", "uri": "\/textbooks\/prison-of-culture-beyond-black-like-me-1st-edition-978-0916727826-265294", "name": "Prison Of Culture Beyond Black Like Me", "edition": "1st Edition" }, "question_posted": "2024-06-28 04:43:52", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-records-of-felix-company-show-the-following-at-december", "description": "The records of Felix Company show the following at December 31, 2014: Requirements 1. Compute the missing amount for Felix Company. 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