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please solve nowww,,, managerial accountingg Cash Acetas recevable 359000 50.000 800 2144000 5 395,400 Huilders and equipment, set of deprecate Liabilities and Stockholders quiry Accounts
please solve nowww,,, managerial accountingg
Cash Acetas recevable 359000 50.000 800 2144000 5 395,400 Huilders and equipment, set of deprecate Liabilities and Stockholders quiry Accounts payable Common stock Retained carnes Total abilities and stockholders equity 5000 216 000 106100 $195,400 The company is in the process of preparing a budget for October and has sembled the following data 1. Sales are budgeted at $240,000 for October and $250,000 for November of the sales, 39% will be for the remainder will be credit les con collected in the month the sales are made, and the remaining 60% in collected in the following moth All of the September 30 countrie will be 2. The budgeted cost of goods sold is always 45% of sales and the ending merchandise mentory is always 30% of the following is cost of mode 3. All merchandise purchases are on account. Thirty percent of all purchases are paid for in the month of pacha 70% e pod for in the follow me out 30 accounts payable to suppliers will be paid during October 4. Selling and administrative expenses for October are budgeted at $78.000, exclusive of depreciation. These expenses will be paid in a Depercibe 12.000 the month Required: Using the information provided. Calculate or prepare the following a The budgeted cash collections for October b. The budgeted merchandise purchases for October The budgeted cash disbursements for merchandise purchases for October d The budgeted net operating income for October CALVING Step by Step Solution
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