Question
In: Finance
The table contains the Sales estimates for the next year. The Purchases are 64% of Sales....
The table contains the Sales estimates for the next year. The Purchases are 64% of Sales. Purchases are paid in the following month. The administrative expenses of $10,196 are paid each month Tax expenses of $39,003 are paid in March, June, September, and December each year. Rent expenses of $79,725 are paid in June and December. What is the cash outflow for March?
Jan- 59,595 Feb- 60,120 Mar- 20,032 Apr-68,137 May- 59,595 Jun- 60,120 Jul- 68,137 Aug-20,032 Sep-59,595 Oct-20,032 Nov-60,120 Dec-68,137
Solutions
jeff jeffy answered 3 months agoRelated Solutions
The table contains the Sales estimates for the next year. The Purchases are 22% of Sales....
The table contains the Sales estimates for the next year. The
Purchases are 22% of Sales. Purchases are paid in the following
month. The administrative expenses of $5,777 are paid each month
Tax expenses of $70,307 are paid in March, June, September, and
December each year. Rent expenses of $20,971 are paid in June and
December. What is the cash outflow for December? Enter your answer
rounded off to two decimal points. Do not enter $ or comma in the...
The company PR Products Corp. estimates that its quarterly sales for the next year are as...
The company PR Products Corp. estimates that its quarterly sales
for the next year are as follows: (units) The price per unit is $
70
1. 1 Quarter 30,000 units
2. 2 Quarter 50,000
3. 3 Quarter 60,000
4. 4 Quarter 40,000
Accounts receivable as of December 31 are $ 90,000. The company
estimates that sales are charged 60% in the quarter they are made
and 40% in the following quarter.
Finished Goods' desired ending inventory represents 20% of next...
An insurance company estimates the probability of an earthquakein the next year to be 0.0014....
An insurance company estimates the probability of an earthquake
in the next year to be 0.0014. They estimate the average damage
done by an earthquake to be $60,000. The company offers earthquake
insurance for $100 per year, and when damage occurs, the company
pays the full price to the customer. Suppose you are working for
the company and want to plan for their future finicalness.A. What is the expected value of the insurance company's pay out
to a customer in...
The following table contains information of 11 years of quaterly sales for KYRYH product Year Q1...
The following table contains information of 11 years of quaterly
sales for KYRYH product
Year
Q1
Q2
Q3
Q4
Total
2006
37000
31000
27500
33800
129300
2007
38500
31700
27000
35000
132200
2008
40000
33000
28400
36000
137400
2009
41320
33000
29300
35800
139420
2010
42600
35200
30300
38400
146500
2011
42000
33000
28500
39000
142500
2012
43000
37800
32300
40600
153700
2013
47000
37000
31200
40000
155200
2014
46000
39000
28000
40500
153500
2015
49000
42300
33500
44000
168800...
A company has the following purchases and sales during the first year of operations: Purchases Sales...
A company has the following purchases and sales during the first
year of operations:
Purchases Sales
January 40 Units at $220 24 units
February 30 Units at $225 25 units
May 35 units at $230 29 units
September 32 units at $235 30 units
November 30 units at $240 31 units
On December 31, there were 32 units remaining in ending
inventory. Using the Perpetual LIFO inventory
valuation method, what is the cost of ending inventory? (Assume all
sales were...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
10 units at $120
6 units
February:
20 units at $125
5 units
May:
15 units at $130
9 units
September:
12 units at $135
8 units
November:
10 units at $140
13 units
On December 31, there were 26 units remaining in ending
inventory. Using the Perpetual FIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
22
units at $180
14
units
February:
32 units at
$185
12 units
May:
27 units at
$190
16 units
September:
24 units at
$195
15 units
November:
22 units at
$200
28 units
On December 31, there were 42 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
A company had the following purchases and sales during its first year of operations: Purchases Sales...
A company had the following purchases and sales during its first
year of operations:
Purchases
Sales
January:
11 units at $135
7 units
February:
21 units at $140
5 units
May:
16 units at $145
9 units
September:
13 units at $150
8 units
November:
11 units at $155
14 units
On December 31, there were 29 units remaining in ending
inventory. Using the Perpetual LIFO inventory valuation method,
what is the cost of the ending inventory? (Assume all sales...
CRAMD has the following revenue and lost estimates for the next two years: sales = 4...
CRAMD has the following revenue and lost estimates for the next two
years:
sales = 4 million units/year for (two years)
-per unit price=$22, per unit cost= $16 up front
R&D= 8 million Up front New Equipment= 20 million expected
life of the new equipment is 2 years. Annual overhead= 1.6 million
(for 2 years). Assume there is no need to make an investment in
working capital and that this projext ia one project among many
projects that CRAMD is...
CRAMD has the following revenue and lost estimates for the next two years: sales = 4...
CRAMD has the following revenue and lost estimates for the next two
years:
sales = 4 million units/year for (two years)
-per unit price=$22, per unit cost= $16 up front
R&D= 8 million Up front New Equipment= 20 million expected
life of the new equipment is 2 years. Annual overhead= 1.6 million
(for 2 years). Assume there is no need to make an investment in
working capital and that this projext ia one project among many
projects that CRAMD is...
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