{
    "key_pair_value_system": true,
    "answer_rating_count": "",
    "question_feedback_html": {
        "html_star": "",
        "html_star_feedback": ""
    },
    "answer_average_rating_value": "",
    "answer_date_js": "2024-06-28T06:48:25-04:00",
    "answer_date": "2024-06-28 06:48:25",
    "is_docs_available": null,
    "is_excel_available": null,
    "is_pdf_available": null,
    "count_file_available": 0,
    "main_page": "student_question_view",
    "question_id": "4255855",
    "url": "\/study-help\/questions\/wolfe-inc-began-operations-on-january-1-of-the-current-4255855",
    "question_creation_date_js": "2024-06-28T06:48:25-04:00",
    "question_creation_date": "Jun 28, 2024 06:48 AM",
    "meta_title": "[Solved] Wolfe, Inc., began operations on January | SolutionInn",
    "meta_description": "Answer of - Wolfe, Inc., began operations on January 1 of the current year with a $12,000 cash balance. Forty percent of sales are | SolutionInn",
    "meta_keywords": "wolfe,inc.,began,operations,january,1,current,year,$12,000,cash,balance,forty",
    "question_title_h1": "Wolfe, Inc., began operations on January 1 of the current year with a $12,000 cash balance. Forty percent of sales are collected in the month",
    "question_title": "Wolfe, Inc., began operations on January 1 of the current year with",
    "question_title_for_js_snippet": "Wolfe, Inc , began operations on January 1 of the current year with a $12,000 cash balance  Forty percent of sales are collected in the month of sale  60  are collected in the month following sale  Similarly, 20  of purchases are paid in the month of purchase, and 80  are paid in the month following purchase  The following data apply to January and February  January  Sales 35,0000 Purchases 30,000 Oerating Expenses 7,000 February Sales 55,000 Purchases 40,000 Operating Expenses 9,000 If operating expenses are paid in the month incurred and include monthly depreciation charges of $2,500, determine the change in Wolfe's cash balance during February",
    "question_description": "Wolfe, Inc., began operations on January 1 of the current year with a $12,000 cash balance. Forty percent of sales are collected in the month of sale; 60% are collected in the month following sale. Similarly, 20% of purchases are paid in the month of purchase, and 80% are paid in the month following purchase. The following data apply to January and February: January= Sales 35,0000 Purchases 30,000 Oerating Expenses 7,000 February=Sales 55,000 Purchases 40,000 Operating Expenses 9,000 If operating expenses are paid in the month incurred and include monthly depreciation charges of $2,500, determine the change in Wolfe's cash balance during February",
    "transcribed_text": "",
    "related_book": {
        "title": "Auditing Cases An Active Learning Approach",
        "isbn": "0130674842, 978-0130674845",
        "edition": "2nd Edition",
        "authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg",
        "uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899",
        "see_more_uri": ""
    },
    "free_related_book": {
        "isbn": "B0CWDB7S9J",
        "uri": "\/textbooks\/an-authentic-guide-to-career-transitions-from-b2c-to-b2b-marketing-1st-edition-979-8880155675-279468",
        "name": "An Authentic Guide To Career Transitions From B2c To B2b Marketing",
        "edition": "1st Edition"
    },
    "question_posted": "2024-06-28 06:48:25",
    "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08",
    "step_by_step_answer": "The Answer is in the image, click to view ...",
    "students_also_viewed": [
        {
            "url": "\/the-director-of-marketing-at-vanguard-corporation-believes-that-sales",
            "description": "The director of marketing at Vanguard Corporation believes that sales of the companys Bright Side laundry detergent (S) are related to Vanguards own advertising expenditure (A), as well as the...",
            "stars": 3
        },
        {
            "url": "\/study-help\/psychology-2e\/how-does-juan-huarte-serve-as-a-pioneer-in-the-1985038",
            "description": "How does Juan Huarte serve as a pioneer in the study of individual differences?",
            "stars": 3
        },
        {
            "url": "\/micro-technology-is-considering-two-alternative-proposals-for-modernizing-its",
            "description": "Micro Technology is considering two alternative proposals for modernizing its production facilities. To provide a basis for selection, the cost accounting department has developed the following data...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/please-write-dollar-amounts-without-any-comma-point-or-9863280",
            "description": "Please write dollar amounts without any comma, point or $ The balance in the Bonds payable account is a credit of $50,000. The balance in the Discount on bonds payable is a debit of $1,500. The...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/whitney-received-75000-of-taxable-income-in-2021-all-of-6394213",
            "description": "Whitney received $75,000 of taxable income in 2021. All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/an-advantage-of-the-incremental-model-is-that-decomposition-of-999850",
            "description": "An advantage of the Incremental Model is that Decomposition of the system is easy to read and understand Releases working prototypes in the iterations Integration, systems, and acceptance testing are...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/question-2-real-ltd-received-an-order-for-10-race-1001749",
            "description": "Question 2 Real Ltd received an order for 10 race coil-over struts for team Blackout from California. The units were manufactured as Job #525 and passed through three cost centres. Fabrication...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/problem-8-a-25-cm-diameter-pipe-carries-oil-798010",
            "description": "Problem 8: A 25 cm diameter pipe carries oil of Sp. Gr. 0.9 at a velocity of 3 m\/s. At another section the diameter is 20 cm. Find the velocity at this section and also mass rate of flow of oil.",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/create-new-users-called-andrew-leclerck-aya-aliyev-and-mia-1011843",
            "description": "Create new users called andrew leclerck, aya aliyev, and mia sun. Their login names should be andrew-leclerck, aya-aliyev, and m-sun respectively. Create a group called admins with GID 2127. Add...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/becker-smith-cpas-performs-a-financial-statement-review-for-1192921",
            "description": "Becker & Smith, CPAs, performs a financial statement review for BAM Markets ( BAM ) . Caroline, the manager on the job, learns that Don, a member of the review team, violated the independence rules...",
            "stars": 3
        }
    ],
    "next_back_navigation": {
        "previous": "\/study-help\/questions\/this-is-a-project-i-was-given-the-following-information-4255854",
        "next": "\/study-help\/questions\/presented-are-partial-flexible-cost-budgets-for-various-levels-of-4255856"
    },
    "breadcrumbs": [
        {
            "name": "Study help",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
        },
        {
            "name": "Business",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
        },
        {
            "name": "Accounting",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting"
        },
        {
            "name": "Wolfe, Inc., began operations on January 1 of the current year with",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/wolfe-inc-began-operations-on-january-1-of-the-current-4255855"
        }
    ],
    "skill_details": {
        "skill_id": "9",
        "skill_name": "Accounting",
        "parent_id": "1"
    }
}
    }
}