Entries by Munene david

Alpha Company is preparing its cash budget for the month of May.

May 6, 2020 in /by

Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.  Estimated collections in May for credit sales in April are 70%. Estimated Collections in May for credit sales prior […]

 

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thank you for you assistance with working out this math problem

May 6, 2020 in /by

thank you for you assistance with working out this math problem.  ATTACHMENT PREVIEW Download attachment Q9.png   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Baltimore Company reports total assets and total liabilities of $266,000

May 6, 2020 in /by

Baltimore Company reports total assets and total liabilities of $266,000 and $95,000, respectively, at the conclusion, of its first year of business. The company earned $67,500 during the first year, and distributed $28,000 to shareholders as dividends. How much did shareholders initially invest in the business?   Looking for a Similar Assignment? Order now and […]

 

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Accounts payable $50,000, Accounts receivable $46,500,

May 6, 2020 in /by

Accounts payable $50,000, Accounts receivable $46,500, Capital stock $100,000, Cash $56,000, Dividends $10,000, Goodwill $47,000, Interest expense $4,000, Interest payable $2,000, Inventory $32,000, Note payable $15,000, Prepaid expenses $5,200, Property, plant & equipment $123,000, Retained earnings $46,000, Rent expense $18,000, Revenues $101,000, and Salary expense $60,000. The note payable balance is due in nine months. How much is Charlie’s […]

 

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