Nizwa Company prepares its budget for January-April period. On 1 January, the cash available 15000 OMR. The financial information is given in the table below. Sales Purchases Expenses December 72000 45000 7000 January February 85000 53000 9000 90000 54000 6000 March 95000 65000 11000 April Additional Information: (a) Period of credit allowed by suppliers is one month (b) 30 % of sale is cash and the period of credit allowed to customer for credit sale one month. (c) The period allowed in payment of expenses is one month. Which of the following is the total of cash balances at the end of February and March? Nizwa Company prepares its budget for January-April period. On 1 January, the cash available is15000 OMR. The financial information is given in the table below.SalesPurchases ExpensesDecember72000450007000nJanuaryFebruary8500053000900090000540006000March950006500011000April1050007500013000Additional Information:(a) Period of credit allowed by suppliers is one month(b) 30 % of sale is for cash and the period of credit allowed to customer for credit sale one month.(c) The period allowed in payment of expenses is one month.Which of the following is the total of cash balances at the end of February and March?Select one:O a. 95600

Cash budget is very important budget in the business which shows expected cash receipts and expected…

Answered: Nizwa Company prepares its budget for…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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Nizwa Company prepares its budget for January-April period. On 1 January, the cash available 15000 OMR. The financial information is given in the table below. Sales Purchases Expenses December 72000 45000 7000 January February 85000 53000 9000 90000 54000 6000 March 95000 65000 11000 April Additional Information: (a) Period of credit allowed by suppliers is one month (b) 30 % of sale is cash and the period of credit allowed to customer for credit sale one month. (c) The period allowed in payment of expenses is one month. Which of the following is the total of cash balances at the end of February and March?

Nizwa Company prepares its budget for January-April period. On 1 January, the cash available is
15000 OMR. The financial information is given in the table below.
Sales
Purchases Expenses
December
72000
45000
7000
n
January
February
85000
53000
9000
90000
54000
6000
March
95000
65000
11000
April
105000
75000
13000
Additional Information:
(a) Period of credit allowed by suppliers is one month
(b) 30 % of sale is for cash and the period of credit allowed to customer for credit sale one month.
(c) The period allowed in payment of expenses is one month.
Which of the following is the total of cash balances at the end of February and March?
Select one:
O a. 95600

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