Reference no: EM132875073
Problem - Account balances
a. During October, $90,000 was paid to creditors on account, and purchases on account were $125,000. Assuming the October 31 balance of Accounts Payable was $40,000, determine the account balance on October 1.
b. On May 1, the accounts receivable account balance was $25,000. During May, $240,000 was collected from customers on account. Assuming the May 31 balance was $36,000, determine the fees billed to customers on account during May.
c. On November 1, the cash account balance was $18,275. During November, cash receipts totaled $279,100 and the November 30 balance was $13,200. Determine the cash payments made during November.
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Introductory look at process design and supply chains
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Compute the balance of Brenda Cikan
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How much will pay in total for the loan
: If we ask for a loan to be paid back in 5 years in constant equal monthly payments of $40,000, how much will we pay in total for the loan?
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Determine the fees billed to customers
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How much would have to pay every quarter to cover the loan
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Identify special journals that ermler and trump should have
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