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Acc 257 Managerial Sp 2021 CRN 13811 Section 2 Magielette Hudson & | 02/23/21 9:56 PM Homework: Chapter Master Budgets Save Score: 0 33 of 1 pl 11 of 15 (6 complete) HW Score: 25 8%, 3.87 of 15 pts EM5-33 (similar to) 1 More Info - X Agua Bien is a distributor of bottled water For each of the flems, compute the amount of cash receipts or payme lo an earlier lem. (Round your answers to the nearest whole dollar ) 1 (Click the icon to view the Items ) a. Management expects to sell equipment that cost $15,000 al a gain of $4,000 Accumulated depreciation on this equipment is $10,000 b. Management expects to sell 7,800 cases of water in August and 9,700 cases a. Management expects to sell equipment that cost $15,000 at a gain of $4,000 Accumulated depreciation on th in September. Each case sells for $11 Cash sales average 20%% of total sales and credit sales make up the rest. Three fourths of credit sales are collected a. The amount of cash receipts the company will budget for the sale of the equipment is 9,000 in the month of sale, with the balance collected the following month c. The company pays rent and property taxes of $4,400 each month b. Management expects to sell 7,800 cases of water in August and 9,700 cases in September Each case sells ( Commissions and offer selling expenses average 30% of sales. Agua Bien credil sales are collected in the month of sale, with the balance collected the following month pays one-hall of commissions and other selling expenses in the month incurred, with the balance paid the following month b. The amount of cash receipts the company will budget for the collection of sale revenue is Print Done Enter any number in the edit fields and then click Check Answer 7 1 part Clear All Check Answer emaining