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Scrnco prov des pool c caring chemical appicat on and pool e a s to mal custo Cl

ID: 2512573 • Letter: S

Question

Scrnco prov des pool c caring chemical appicat on and pool e a s to mal custo Clic s a c bil cd ty to scr ces pro cd and usualty pay 50 percent otthcir focs in the month the SC prov dod ng purchase. ? te month following scr e, Paul Colo 40 pc cent of Paul's Fool se nce 1oes The final 10 percent is colocnd n the second month ollowing service Paul purchases his suppics on credn and pays 50 percent in the month of purchase and the omaning 50 percent in the month folo the month of purchase, and tha remainder is usad in the month tollowing purchasa es cr o CC he suppiles Paul purchascs, 70 percent is used n The folowing Informacion is avallable for the months cr June, Juty, and August, which are Paul's buslest months: . June 1 cash balance $14,500 .June 1 supplies on hand 3,900. . June 1 accounts receivable $8,100 June 1 accounts payable $3 000 " Estirated sales fr June July, and August are $24 300,?6 5CO, and 320900 espedNety Sales during May w $22,70n, and saes during Ail we$16,300 Esliirested purchases for June, luly, arnt August ate9,00 $17,200, and $12.300, respertively Hurchases In May were $5,000

Explanation / Answer

Working:

2.

June July August Total Budgeted Cash Receipts 22860 30240 36480 89580 Budgeted Cash Payments 7000 13100 14750 34850
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