User Account

All Pages

What are the cash disbursements in october

Assignment Help Accounting Basics
Reference no: EM131609852

Problem - Lough Company prepared the following purchases budget:

June - $40,000

July - $43,000

August - $39,000

September - $46,000

October - $49,100

All purchases are paid for as follows: 20% two months after purchase, 55% in the following month, and 25% in the month of purchase.

What are the cash disbursements in October to account for the September purchases at Lough Company?

A) $25,300

B) $184,000

C) $8,000

D) $9,200

Reference no: EM131609852

Questions Cloud

How do you feel the empire changed under the reign : How do you feel the empire changed under the reign of the dynasty? Support your responses with specific examples of the emperor's performance.
Helping a subordinate organizational member : When encouraging and helping a subordinate organizational member progress professionally, how much effort should you invest in any one person?
What will these equal payments? be : (Annuity payments) Mr. Bill S.? Preston, Esq., purchased a new house for ?$120,000. What will these equal payments? be?
Which country should have the highest interest rate : Interest Rates Among Countries As of today, the interest rate in Countries X, Y, and Z, are similar.
What are the cash disbursements in october : Lough Company prepared the following purchases budget: What are the cash disbursements in October to account for the September purchases at Lough Company
What are the differences in strategy : Describe what are the differences in strategy/focus each company uses, the unique value each tries to communicate to customers
Reflect on the actions of mossad in the film munich : Is a nation state justified in its use of assassination as a tool of power? Reflect on the actions of Mossad in the film Munich.
What is the desired ending inventory on may : The expected gross profit rate is 40% and the inventory at the end of February was $10,000. What is the desired ending inventory on May 31
Explain what were the consequences of the misunderstanding : What were the consequences of the misunderstanding? How might the situation have been better if the person had practiced the principle of charity?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare various budgets for a manufacturing company

This group project requires the use of EXCEL spreadsheets to prepare various budgets for a manufacturing company. For this purpose the class is asked to form groups of 2students and allocate the task among them equitably. It is important that all par..

  Capital through issuing debt versus issuing equity

What are the principal differences between raising capital through issuing debt versus issuing equity?

  What are some of the most important risks associated with

What are some of the most important risks associated with bonds?

  Costs charged to the assembly

Costs charged to the Assembly

  What is a weakness of the direct write-off method

Assume that Schellhamer Company decides to estimate its bad debts expense based on 3% of accounts receivable. What amount of bad debts expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,000?

  Fussner medical clinic measures its activity in terms of

fussner medical clinic measures its activity in terms of patient-visits. last month the budgeted level of activity was

  Fixed efficiency and fixed production volume variances

What are the fixed efficiency and the fixed production volume variances, respectively, using 4-variance analysis? A. no efficiency variance,

  List five reasons why a us income tax return is often a poor

Describe a situation in which the use of the cash method of accounting would be a proper and fair measure of income in a tort or family law matter.  Your situation must involve a person who is reporting at least $100,000 annually in income under the ..

  Why are paid-in-capital and retained earnings displayed

Why are paid-in-capital and retained earnings displayed separately in the stockholder's equity section of the balance sheet? Why would investors buy common stock when preferred stock is available?

  How should mendez account for this asset

How should Mendez account for this asset and report it in the financial statements?

  For this information make appropriate assumptions about

barts woodwork company makes and sells wooden shelves.barts carpenters make the shelves in the companysrented building.

  Following are audit procedures that are normally conducted

following are audit procedures that are normally conducted in the purchasing process and related accounts.1.test a

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