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 January 85000 53000 9000 February 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: a. 158300 b. 95600 c. 131300 d. 184100 Clear my choice
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 January 85000 53000 9000 February 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: a. 158300 b. 95600 c. 131300 d. 184100 Clear my choice
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 is 15000 OMR. The financial information is given in the table below.
Sales | Purchases | Expenses | |
December | 72000 | 45000 | 7000 |
January | 85000 | 53000 | 9000 |
February | 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:
a. 158300
b. 95600
c. 131300
d. 184100
Clear my choice
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