Question
The following are the account balances for Nguyen Ltd as at 31 st December 2018 Mortgage $210,000.00 Inventory $60,000.00 Owners Equity $360,000.00 Investments (Shares) $11,000.00
The following are the account balances for Nguyen Ltd as at 31stDecember 2018
Mortgage
$210,000.00
Inventory
$60,000.00
Owners Equity
$360,000.00
Investments (Shares)
$11,000.00
Plant (net)
$61,000.00
Land and Building
$327,629.00
Accounts Payable
$31,000.00
Cash at Bank
$5,000.00
Accounts Receivable
$136,371.00
Nguyen Ltd wants budgets prepared for the next six months. The expected credit sales for the six months ending 30thJune 2019 (there are no cash sales) are as follows
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
