Pecan company had march sales and purchases of 63000 and

Reference no: EM13596709

Pecan Company had March sales and purchases of $63,000 and $47,000 respectively. The company expects April sales to increase 12% above, and purchases to stay consistent with March amounts. Twenty percent of the company's sales are for cash. Credit sales are collected twenty percent in the month of the sale and 80% in the following month. All purchases are paid for in the month following the purchase. The beginning cash balance on April 1 is $42,000. What is Pecan Company's expected cash balance on April 30th?

Reference no: EM13596709

Questions Cloud

During august the company produced 6000 units of product : a company established a direct material standard of 2 pounds of material at a cost of 6 per pound for unit produced.

St marks hospital contains 450 beds the average occupancy : st. marks hospital contains 450 beds. the average occupancy rate is 80 per month. in other words on average 80 of the

Store equipment is purchased on january 1 2002 at a cost of : part 1 store equipment is purchased on january 1 2002 at a cost of 14000 and 1000 was spent on its installation. the

Calculate the amount of depreciation to report during the : calculate the amount of depreciation to report during the year ended december 312010 for equipment that was purchased

Pecan company had march sales and purchases of 63000 and : pecan company had march sales and purchases of 63000 and 47000 respectively. the company expects april sales to

For 2008 orchard corp reported after-tax net income of : for 2008 orchard corp reported after-tax net income of 5800000. during the year the number of shares of stock

Grandiose secured an option to purchase a tract of land for : grandiose secured an option to purchase a tract of land for 100000. he then organized dunbar corporation and subscribed

Pharmgen a pharmaceutical company was founded two years ago : pharmgen a pharmaceutical company was founded two years ago. like most pharmaceutical companies phargen did not make

Mueller corp manufactures compact discs that sell for 500 : mueller corp. manufactures compact discs that sell for 5.00. fixed costs are 28000 and variable costs are 3.60 per

User Account

All Pages