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1
The following data are monthly purchases and sales of Avada Company. 40% of purchases is paid in cash at the time of purchase, and 30% is paid in
each of the next 2 months. Purchases for the previous January and February were $150,000 per month. Payroll is 10% of sales in the month it occurs,
and operating expenses are, 20% of the following month's sales (September sales were $220,000). Interest expenses were $20,000 paid quarterly in
March and June. Avada's cash disbursements for the month of June were
Purchase
Sales
March
$160,000
$100,000
April
160,000
200,000
11
May
160,000
12
240,000
June
13
140,000
300,000
14
July
140,000
260,000
15
August
120,000
240,000
16
17
2
Some financial data of JYS company are as follows along with the industry benchmark days sales outstanding (DSO, ACP.
The firm's new CFO believes that the company could reduce its receivables enough to reduce its DSO to the benchmarks' average. If this were
done, by how much would receivables decline? Use a 365-day year.
Sales
$120,000
27
Accounts receivable
$15,00
Days sales outstanding (DSO)
45.63days
...
Il.Cash Budget_DSO_TradeCredit
Ill.Credit Policy_Effective Int
IV. Vanlu Construction
V. Urbar ... + 4
+
60%
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10:12 PM
12/11/2019

Top Answer

Total Disbursement Of June is 228000 Existing Receivables... View the full answer

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