The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:Inventories at beginning of June$ 82,500Estimated purchases of JuneEstimated cost of goods sold for June360,000367,500Estimated payments in June for purchases in MayEstimated payments in June for purchases prior to May86,25045,000Estimated payments in June for purchases in June80%What are the estimated cash disbursements for inventories in June?Multiple Choice$419,250.$330,000.$400,490.$426,750.

Budget: A budget is an estimation to determine the income that will be earned and expenses that will…

The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June $ 82,500 360,000 Estimated purchases of June Estimated cost of goods sold for June 367,500 Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May 86,250 45,000 Estimated payments in June for purchases in June 80% What are the estimated cash disbursements for inventories in June? Multiple Choice $419,250. $330,000. $400,490. $426,750.

The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June $ 82,500 360,000 Estimated purchases of June Estimated cost of goods sold for June 367,500 Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May 86,250 45,000 Estimated payments in June for purchases in June 80% What are the estimated cash disbursements for inventories in June? Multiple Choice $419,250. $330,000. $400,490. $426,750.

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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