Ending 270000 300000 420000 the estimated purchases

Ending 270,000 300,000 420,000
The estimated purchases of raw materials would be
a. P967,500 b. P732,500 c. P697,000 d. P747,500
8.
Digna Company had the following transactions in 19x7, their first year of operations
Sales (90% collected in 1997) P1,500,000
Bad debts write-offs 60,000
Disbursements for cost and expenses 1,200,000
Disbursement for income taxes 90,000
Purchase of fixed assets 400,000
Depreciation of fixed assets 80,000
Proceeds from issuance of common stock 500,000
Proceeds from short-term borrowings 100,000
Payments on short-term borrowings 50,000
What is the cash balance at December 31, 19x7?
9.
In preparing its budget for July, 1997, Joy Company has the following accounts receivable
information available:
Accounts receivable at June 30, 19x7 P350,000
Estimated credit sales for July P400,000
Estimated collections in July for credit sales in July and prior months P320,000
Estimated write-offs in July for uncollectible credit sales P 16,000
Estimated provision for doubtful accounts for credit sales in July P 12,000
What is the projected balance of accounts receivable at July 31, 19x7?
10.
The January 1983 budget of Balagtas Company is being prepared by the budget officer of the
company. In the preparation of the cash budget the estimates for the month of January, 1983
include the following:
Sales P937,500
Gross profit (based on sales) 25%
Increase in inventories P75,000
Decrease in trade accounts payable P30,000
The estimated cash disbursements for inventories in January, 1983 is
11. JLT Corporation expects to sell 150,000 units during the first quarter of 1998, with an ending
inventory for the quarter of 20,000 units. Variable manufacturing costs are budgeted at P50