Description
Ch. 18: Questions 3 & 11 (Questions and Problems section)
Explanation & Answer
Attached.
Question 3
I
D
D
D
I
D
Question 11
April
$
$
Credit sales
374,400
Credit purchases
148,900
Cash disbursements
Wages, taxes, and expenses
$
54,340
Interest
$
12,580
Equipment purchases $
88,800
May
June
349500
169300
420500
200300
70300
12580
135000
75170
12580
0
In march, credit sales $
235,000
Credit purchases
$ 161,300.00
Nashville Nougats Inc.
Cash budget for second quarter of 2015
April
May
Beginning cash balance
$
135,000 $
90,020
Cash receipts
Cash collection from credit sales
$
272,040 $
346,965
Total cash balance
$
407,040 $
436,985
Cash disbursements
Purchases
$
161,300 $
148,900
Wages, taxes, and expenses
54340
70,300.00
Intere...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!