r View History Bookmarks People Window Help Secure Exam 2 He?Se 5 Weller Industr

Question

r View History Bookmarks People Window Help Secure Exam 2 He?Se 5 Weller Industrial Gas Corporation supplies acetylene and other compressed gases follow: to Industry. Data regarding the store's operations . Colectons are expected to be 70% inthe month of sele and 30% in the month followngthe sale. . The cost of goods sold is 68% of sales. Sales are budgeted at $370,000 for November, $390,000 for Decembe, and $380,000 for January ?0aassn) he company desires an en ing merchandise inventory equal to 65% of the cost of goods sold in the following month Payment for merchandise is made in the month tollowing the purchase. Other monthly expenses to be paid in cash are $19,900 Monthly depreclation Is $19,700. Ignore taxes Property, plant Total arsets 993-089 Retairad earaLnge Total liabil a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Menchandise Purchases Budoet for November and December Prex5ofs Next MacBook Air 3 4 6 9

Explanation / Answer

Solution a:

Solution b:

Solution c:

Solution d:

Schedule of Expected Cash Collection - Weller Industrial Particulars November December Sales $370,000.00 $390,000.00 Schedule of expected cash collection: Accounts Receivables $81,700.00 November Sales $259,000.00 $111,000.00 December Sales $273,000.00 Total Cash Collections $340,700.00 $384,000.00

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.