5e sol08-08 - $83,480 Less Disbursements Inventory...

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Cost Management Hansen and Mowen Ex 8-8 Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns F, H, J, and L. 1) Cash Budget For the Month of October, 20XX Beginning cash balance $1,980 Collections: Cash sales 10,000 Credit sales: Current month $65,000 x 50% 32,500 Sept. credit sales $90,000 x 30% 27,000 August credit sales $80,000 x 15% 12,000 Total cash available
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Unformatted text preview: $83,480 Less: Disbursements: Inventory purchases: Current month $75,000 x 70% x 40% $21,000 Prior month $110,000 x 70% x 60% 46,200 TSalaries and wages 2,000 Rent 2,700 Taxes 5,000 Other operating expenses 800 Owner withdrawal 4,000 Advertising 500 Total cash needs 82,200 Excess of cash available over needs $1,280...
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