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P7.24A Dean Search - Scheduleofexpectedcashcollections:...

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Schedule of expected cash col ections: January February March Quarter Cash sales  80000 $120,000  60000 $260,000  Credit sales  224000 320000 480000 1024000 Total cash col ections  $304,000  $440,000  $540,000  $1,284,000  Merchandise purchases budget: January February March Quarter $240,000  $360,000  $180,000  $780,000  $90,000.00  $45,000.00  30000 30000 Total needs  330,000 405,000 210,000 810,000 Less beginning 60000 $90,000.00  45000 60000 inventory  Required purchases  $270,000  $315,000  $165,000  $750,000  Schedule of expected cash disbursements for purchases: January February March Quarter December 93000 93000 purchases  January purchases  135,000 $135,000  270,000 February purchases  157,500 $157,500  315,000 March purchases  $82,500.0  $82,500.0  Total cash $228,000  $292,500  $240,000  $760,500  Schedule of expected cash disbursements for sel ing and administrative expenses: January February March Quarter Salaries and wages 
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This note was uploaded on 12/17/2011 for the course ECON 101 taught by Professor Chapman during the Spring '11 term at Arcadia University.

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