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3 years ago

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Business

2 answers:

weeeeeb [17]3 years ago

7 0

Answer:

$54,000

Explanation:

November December January

Sales 340000 320000 310000

Collection 80% 272000 256000 248000

20% 68000 64000 62000

Total 272000 324000 312000

cost of sales 255000 240000 232500

Ending Inv. 144000 139500

Expenses 24000 24000 24000

423000 403500

Opening Inv. (153,000)

as in balanced

Sheet

Total expenses 270000

Please note that payment for merhandise is made in the following month

Cash movement in December = 324000-270000 = 54000

Orlov [11]3 years ago

6 0

Answer: $54,000

Explanation:

Referring to the data regarding store operation given above, difference between cash receipt and cash disbursement for December could be calculated as follows;

December Cash receipt = (340,000*20%+320,000*80%) = 324,000

November Purchases = (340,000 × 75%)+(320,000 × 75% × 60%) - 153,000 = 246,000

December Cash payment = 246,000 +240,000 = 270,000

The difference between cash receipts and cash disbursement for December = 324,000 - 270,000 = 54,000

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Explanation:

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3 years ago

With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms.

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Answer:

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3 years ago

Mike Greenberg opened Cheyenne Window Washing Inc. on July 1, 2022. During July, the following transactions were completed.

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Answer:

Cash (Dr.) $9.800

Common Stock (Cr.) $9,800

Truck (Dr.) $6,560

Cash (Cr.) $1,640

Accounts Payable -Truck (Cr.) $4,920

Cleaning Supplies (Dr.) $740

Accounts Payable (Cr.) $740

Prepaid Insurance (Dr.) $1,440

Cash (Cr.) $1,440

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Service Revenue (Dr.) $3,030

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Prepaid Insurance (Cr.) $120

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Cleaning Supplies (Cr.) $320

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Explanation:

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