Question
Please explain the answers, so that I know how to do the problems. Thank you. Bracken Corporation is a small wholesaler of gourmet food products.
Please explain the answers, so that I know how to do the problems. Thank you.
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1. Expectec cash collections in December are: A. $340,000 B. $328,100 C. $272,000 D. $56,100 2. The cost of December merchandise purchases would be: A. $225,000 B. $178,500 C. $247,500 D. $255,000 3. December cash disbursements for merchandise purchases would be: A. $178,500 B. $225,000 C. $255,000 D. $252,750 4. The difference between cash receipts and cash disbursements for December would be: A. $34,000 B. $19,550 C. $87,550 D. $53,550 |
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