User Account

All Pages

Determine the cash payments made during april

Assignment Help Financial Management
Reference no: EM132323994

Question

a. During February, $78,260 was paid to creditors on account, and purchases on account were $100,170. Assuming that the February 28 balance of Accounts Payable was $33,650, determine the account balance on February 1.

b. On October 1, the accounts receivable account balance was $50,300. During October, $437,600 was collected from customers on account. Assuming that the October 31 balance was $57,800, determine the fees billed to customers on account during October.

c. On April 1, the cash account balance was $21,690. During April, cash receipts totaled $329,690 and the April 30 balance was $15,620. Determine the cash payments made during April.

Reference no: EM132323994

Questions Cloud

What is the difference between the two is curves : Compute the new IS curve when government spending increases by 100. What is the difference between the two IS curves?
Derive the functions representing the marginal benefit : AEM4510/ECON4820 Environmental Economics Assignment, Cornell University, USA. Derive the functions representing the marginal benefit
Derive the equation of the autonomous spending : What are the values of the autonomous net export NXa and the autonomous taxes Ta (hint: see the formulas and compare)
Identify a principal-agent problem : For the company you selected (Coca - Cola) identify a principal-agent problem and evaluate the tools it uses to align incentives and improve profitability.
Determine the cash payments made during april : Assuming that the February 28 balance of Accounts Payable was $33,650, determine the account balance on February 1.
What is her average daily balance : If she makes a new purchase of $200 on the 20th of March and doesn't make any payments, what is her average daily balance?
What is the relevant cost of genatope : What is the relevant cost of genatope? Discuss each item of numerical data detailed in this exercise in terms of its relevance to the decision?
What does full employment mean to you : Based on your understanding of full employment, answer the following question:
What rules and principles are included in the aicpas code : What rules and principles are included in the AICPA's Code of Professional Conduct and what are the rationale behind those rules and principles?

Reviews

Write a Review

Financial Management Questions & Answers

  Standard deviation of crash-n-burns returns over period

You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 3 percent, -10 percent, 23 percent, 15 percent, and 14 percent. Requirement 1: What was the arithmetic average return on Crash-n-Burn’s stock over this f..

  Financial instruments have potential for unlimited losses

Which of the following financial instruments have the potential for unlimited losses? (Circle all that apply)

  Find capital loss or depreciation recapture of alternative

Frank's Fruitcakes is looking to purchase a web server system for e-business. Alternative 1 is to purchase an off-brand system, with equipment costing $50,000. Training, installation, and operating costs are shown in the expense column of the table b..

  What is the most likely market price and p-e ratio

During the past few years, Swanson Company has retained, on the average, 70 percent of its earnings in the business. The future retention rate is expected to remain at 70 percent of earnings, and long-run earnings growth is expected to be 10 percent...

  Ratio of long-term debt to total long-term capital

What is the ratio of long-term debt to total long-term capital? What is its current ratio?

  Different basic interest rate swap and futures positions

Suppose that you buy an interest rate cap on three month LIBOR with a two year maturity and simultaneously sell a floor on three month LIBOR with a two year maturity. Ignore the premiums. Draw a profit diagram that indicates when you will gain and lo..

  Firm uses its cash to complete stock repurchase

The firm has 7.5k shares outstanding and net income of $2k. If the firm uses its cash to complete a stock repurchase, what with the new EPS be?

  You the interest is what type of risk

how much interest will you receive, assuming she pays you as promised? The possibility that your friend won't pay you the interest is what type of risk?

  Private markets are those like the NYSE

Private markets are those like the NYSE, where transactions are handled by members of the organization,

  Whose responsibility it is to communicate the vision

Whose responsibility it is to communicate the vision of the company during a time of mergers to the employees and about the impending mergers of the company being acquired?

  Charges customers for their wind generated electricity

Viento Windmills is a utility that charges customers for their wind generated electricity. With their current technology, they earn a total of $65 million each year to pay out to their 3 million shareholders.

  What is default risk premium on corporate bond

Assume that the liquidity premium on the corporate bond is 0.25%. What is the default risk premium on the corporate bond?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd