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You have the following information of the operations of Aston Company: a) the balance of cash on October 01 is $40,000 b) scheduled for October
You have the following information of the operations of Aston Company: a) the balance of cash on October 01 is $40,000 b) scheduled for October and November and December sales are as follows: October November December Sales $ 455,000 $ 516,000 S 581,000 c) in October the company received a loan from the Bank of S190,000 d) Sales are collected 60% cash in month of sale and the rest the following month. d) Purchases will be 60% of the total sales for the next month and will be paid in cash. e)Wages and salaries are $200,000 for each month. f) Administrative expenses of $195,000, which include $4,000 in depreciation each month. g) a new computer equipment will be purchased in the month of October at a cost of $60,000 h) the company wishes to maintain a minimum ending balance in your checks of $40,000 1) the account receivable of September of the same year was $310,000 will be charged in October Calculate the cash outflows for the month of October ? $764,600 $760,600 5813,000 $52,400
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