cash budget, Financial Accounting

Assignment Help:
Beginning balance 24,000 cash
Sales 250,000
Gross profit 45% of sales
Accounts receivable increase by 24,000
Accounts payable increased by 51,000
Inventory increased by 98,000
Selling expenses total 32,000 plus 15% of sales
Depreciation expense of 5,000 is included in fixed selling expenses

Related Discussions:- cash budget

Current yields for t-bonds, ACT presently is all-equity financed. This refl...

ACT presently is all-equity financed. This reflects the stance of the former CEO, a dominant personality who stated repeatedly: "I don't want us to be in thrall to the demands of t

Ticket Id - EM131058373M27, hello, i have got my answer, but i don''t know ...

hello, i have got my answer, but i don''t know the PART C why doesn''t calculate "working capital: 60000"?????? can not find match number in the solution table

What is profitability ratios, Profitability Ratios - These ratios include...

Profitability Ratios - These ratios include the Gross profit Margin, Net profit Margin, Operating Margin, Return on Equity (ROE), and Return on Total Assets. These ratios helps t

Inventory, HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

HOW TO RECORD INVENTORY AT NET REALISABLE VALUE ON JOURNAL

Bill Receivable, What is the function of bill receivable? What is the meani...

What is the function of bill receivable? What is the meaning of bill receivable?

Who are the users of accounting information, Who are the users of accountin...

Who are the users of accounting information? For accounting information to be useful, accountant should be clear for whom the information is being prepared and for what purpose

Temporary-timing differences-financial statement , Temporary or Timing diff...

Temporary or Timing differences Temporary/timing differences relate to those items that are adjusted in the current period and are again adjusted in subsequent financial period

Disclaimer of leases-bankruptcy and liquidation, Disclaimer of leases I...

Disclaimer of leases In principle where the bankrupt is a lessee the lease cannot be disclaimed without leave of the court; but such leave is not required in the following case

Illustration of change in profit sharing ratio, Illustration of change in p...

Illustration of change in profit sharing ratio A, B and C have been trading as equal partners having capital contributions of £400,000, £300,000 and £200,000 respectively. They

Carriage inwards, difference between carriage inwards and carriage out ward...

difference between carriage inwards and carriage out wards

Write Your Message!

Captcha
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