The jack company is preparing its cash budget for the month

Assignment Help Accounting Basics
Reference no: EM13602775

The Jack Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:

Inventories at beginning of June $67,500
Estimated purchases for June $330,000
Estimated cost of goods sold for June $337,500
Estimated payments in June for purchases in May $56,250
Estimated payments in June for purchases prior to May $15,000
Estimated payments in June for purchases in June %80

What are the estimated cash disbursements for inventories in June?

Reference no: EM13602775

Questions Cloud

Write a paper of no more than 1250 words discussing your : write a paper of no more than 1250 words discussing your small-business idea. include the followingbull the advantages
Journalize the transaction that must take place for gifford : gifford lawrence and ma share equally in net income and net losses. after the partnership sells all assets for cash
Lily yuan and kayla dunn are partners who share in the : lily yuan and kayla dunn are partners who share in the income equally and have capital balances of 180000 and 62500
Western company has an annual reporting period that runs : western company has an annual reporting period that runs from july 1st through june 30th. based on this information
The jack company is preparing its cash budget for the month : the jack company is preparing its cash budget for the month of june. the following information is available concerning
At october 1 2010 padilla industries had an accounts : at october 1 2010 padilla industries had an accounts payable balance of 30000. during the month the company made
On june 30 2010 mackes company issued 504000000 face value : on june 30 2010 mackes company issued 5040000.00 face value of 13 20-year bonds at 5419156.68 a yield of 12. mackes
You know that both internal and external users have not : you know that both internal and external users have not only the short-term success but also the long-term success of
Jarvis inc reported net income of 34000 for the year ended : jarvis inc. reported net income of 34000 for the year ended december 31 2011. included in net income was a gain on

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following transactions occurred during the month of

the following transactions occurred during the month of june 2013 for the stridewell corporation. the company owns and

  Machine sale-book value-journal entry

On January 1, Year 1, Jayco purchased a machine for $6,000. It had an estimated salvage value of $1,200 and a life of six years. The straight-line method of depreciation was used. At, midyear in Year 4, Jayco sold the machine for $4,500 cash.

  What are the total fixed costs

Smith Company's break-even point is 12,200 units. Each unit generates variable costs of $2.20 and is sold for $4.90. What are the total fixed costs?

  Audit failure

The "audit failure" issue is one that we should all be concerned about, but in doing so, we need to separate reality from urban myth while we still have the time (Pat McDonnell)

  Chao corporation uses the accounts receivable aging method

chao corporation uses the accounts receivable aging method to account for uncollectible accounts expense. as of

  Matthias motors inc has cash flows from operating

matthias motors inc. has cash flows from operating activities of 900000. cash flows used for investments in property

  By what amount would net income differ

Do you agree or disagree with Dolly wood's policy concerning recognition of bad debt expense?

  Proper per unit inventory price for product

Given the acquisition cost of product Z is $32.00, the net realizable value for product Z is $29.00, the normal profit for product Z is $2.50, and the market value (replacement cost) for product Z is $30.00, what is the proper per unit inventory p..

  What type of research was being conducted

What type of research was being conducted and why do you think it failed to make an accurate prediction?

  E-commerce creates its own risks and therefore special

e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one

  The cramer cookie company is a relatively new company and

the cramer cookie company is a relatively new company and so far has sold its products only in its home country

  Below are five audit procedures all of which are tests of

below are five audit procedures all of which are tests of transactions associated with the audit of the sales and

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