What is the net cash flow for August and September

Assignment Help Managerial Accounting
Reference no: EM132984092

Question - York Industries has planned forinnext Month Budgeted Purchases the following purchases the five months.

June $42,500

July $38,500

August $39,600

September $52,800

October $66,700

This is the established pattern for payment purchases: 15% in the month of purchase, 65% in the following month, and 20% two months after purchase.

York Industries also has the following planned sales over the next five months:

Month Budgeted Sales

June $88,500

July $98,500

August $99,300

September $82,800

October $1,06,800

20% of sales are cash and 80% of sales are credit. Cash sales are collected in the same month as sales and credit sales are collected with the following pattern; 35% in the month of sale, 50% in the month after the sale, and 15% two months after the sale. Operating expenses for each month are $13,000. Assume these expenses are paid for in cash at the end of each month. What is the net cash flow for August and September?

Reference no: EM132984092

Questions Cloud

Explain two drivers of globalization : State and briefly explain two (2) drivers of Globalization.
What is the role of management and unions in society : What is the role of management and unions in society today? How has this changed in the last 100 years?
What is reward in employee compensation : Employees are viewed as the valued asset of the organization. It is, therefore, important to attract, motivate and retain them to work for the achievement of th
What is the gdp in economy : The following are national income account data for a hypothetical economy in billions of dollars.
What is the net cash flow for August and September : Assume these expenses are paid for in cash at the end of each month. What is the net cash flow for August and September
Designing and implementing a cheap chic strategy : Australian Discount Retail (a former Australian variety retailer), Jusco (a Japanese grocery discount retailer, now part of AEON), and Primark (a UK discount cl
What would total expenses be for the program : What would total expenses be for this program assuming that the average cost of $6,000 per trainee consists of $5,200 in fixed costs per student
Explain the major eeoc laws : a) Summarize and explain the major EEOC laws related to the recruiting process. How can recruiters and hiring managers reduce the risk of adverse impact?
What pv of payments if annual discount rate twelve percent : What PV of payments if annual discount rate is 12%? A leasing contract calls for an immediate payment of $118,000 and nine subsequent $118,000 semiannual.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find what is cost of ending inventory at the end of january

What is the cost of the beginning inventory transferred out in January? What is the cost of ending inventory at the end of January?

  What effect will a transaction recording accrued income have

What effect will a transaction recording accrued income have? It will increase accounts receivable and accounts payable./ It will have no effect on total assets

  How the achievement of objective might be compromised

How the achievement of this objective might be compromised by the conflicts which may arise between the various stakeholders in an organisation.

  How much is Jordan budgeted fixed costs

Total production costs for Jordan, Inc. are budgeted at $2,300,000 for 50,000 units of budgeted output. How much is Jordan budgeted fixed costs

  Provide a pro-forma income statement for six years

Please provide a pro-forma income statement for six years the following: Sales = 5,750,000 with 5% annual growth. Up-front cost of $2,000,000

  What level of sales would the company net income be the same

How would calculate at what level of sales would the company's net income be the same under either approach

  Merits and demerits of standard costing

What are the advantages and disadvantages of standard costing in management accounting?

  Calculate the contribution margin per pound

Calculate the contribution margin per pound for each of the three products.Childress Company produces three products, K1, S5, and G9.

  Determine the company most profitable sales mix

Determine the company's most profitable sales mix and the contribution margin that results from that sales mix

  What is the firms current receivables balance

What is the firm's current receivables balance? What would be the firm's new receivables balance if Milwaukee Surgical toughened up on its collection policy, with the result that all non-discount customers paid on the 30th day?

  What were Plunkett product costs and period costs

In addition, the company suffered a $27,700 uninsured factory fire loss during the year. What were Plunkett's product costs and period costs for last year

  How do calculate the price of the stock

Calculate the price of the stock. The annual dividends for years 3, 4 and 5 will be $1.00, $1.20 and $1.30, respectively. After year 5, dividends are expected

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!

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