Jake company reports the following for july august

Assignment Help Accounting Basics
Reference no: EM13610671

Jake Company reports the following: For July August September. Sales July: $ 26,000 August: $ 34,000 September: $ 38,000. Purchases July: 15,080 August:19,720 September:26,000. Payments for purchases are made in the month after purchase. Selling expenses are 18% of sales, administrative expenses are 11% of sales, and both are paid in the month of sale. Rent expense of $2,800 is paid monthly. Depreciation expense is $1,200 per month. Prepare a schedule of budgeted cash disbursements for August and September.

Reference no: EM13610671

Questions Cloud

A valve is opened allowing air to flow into the tank until : at 100 lbfin2 saturated vapor h2o flows in a pipe. a valve is opened to vent a small amount to the atmosphere. assuming
Jm shoe chief executive officer of jolsen international a : jim shoe chief executive officer of jolsen international a multinational textile conglomerate has recently een
Assume that a quality characteristic is normally : assume that a quality characteristic is normally distributed. an x-bar control chart is constructed with 3 sigma
How far does the motorcycle travel from the moment it : a motorcycle is following a car that is traveling at constant speed on a straight highway. initially the car and the
Jake company reports the following for july august : jake company reports the following for july august september. sales july 26000 august 34000 september 38000.
Laura mcantee was just hired as the assistant treasurer of : laura mcantee was just hired as the assistant treasurer of dorchester stores. the company is a specialty chain store
Help me understand this problem i have the answer with me : help me understand this problem i have the answer with me as 595098 suzette is going to receive 10000 today as the
Suppose we draw two tickets from a hat that contains : suppose we draw two tickets from a hat that contains tickets numbered 1234. let x be the 1st number drawn and y be the
R-22 enters an insulated diffuser as saturated vapor at 4c : r-22 enters an insulated diffuser as saturated vapor at 4c with a velocity of 300ms. the refrigerant exits the diffuser

Reviews

Write a Review

Accounting Basics Questions & Answers

  Thomasson air uses two measures of activity flights and

thomasson air uses two measures of activity flights and passengers in the cost formulas in its budgets and performance

  Marketing and administrative costs

Find the by completing a cost of goods sold statement-Marketing and administrative costs and cost of services sold.

  Cyprus corp has excess capacity under what situations

cyprus corp. has excess capacity. under what situations should the company accept a special order for less than the

  Capitalized asset cost and first year depreciation

Capitalized asset cost and first year depreciation, and identifying depreciation results that meet management objectives

  My company is preparing its manufacturing overhead budget

my company is preparing its manufacturing overhead budget for 2011. relevant data consists of the following1. units to

  Characteristic of accounting information

Identify which qualitative characteristic of accounting information is best described in each item below. (Do not use relevance and faithful representation.)

  Current assets on january 1 include cash of 45000

a. create income statement balance statement and statement of cash flow.b. provide recommendation to the

  Savallas company is highly automated and uses computers to

savallas company is highly automated and uses computers to control manufacturing operations. the company uses a

  Evaluate the desirability of the 640000 investment in new

pepperoni pizza company owns and opertes fast-service pizza parlors throughout north america. the firm operates on a

  The companys continued to fail and later in 1993 it brought

merry -go -around mgr a clothing retailer located primarily in shopping malls was founded in 1968. by the early 1990s

  Sandblasting equipment acquired at a cost of 86000 has an

sandblasting equipment acquired at a cost of 86000 has an estimated residual value of 5000 and an estimated useful life

  Gain or loss of the transaction

A bond issued with a face value of 200000 and a carrying amount of 195500 is paid off at 98 1/2 and retired. The gain or loss on this transaction is:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd