The following information is from tejas windowtint’s financial records. month sales purchasesapril $ 76,000 $ 51,000 may 72,000 47,000 june 69,000 35,000 july 75,000 53,000 collections from customers are normally 68 percent in the month of sale, 20 percent in the month following the sale, and 10 percent in the second month following the sale. the balance is expected to be uncollectible. all purchases are on account. management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. purchases for august are budgeted at $64,000, and sales for august are forecasted at $70,000. cash disbursements for expenses are expected to be $14,400 for the month of august. the company’s cash balance on august 1 was $32,000.required: prepare the expected cash collections during august. prepare the expected cash disbursements during august. calculate the expected cash balance on august 31.

What factors excluding price affect demand

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100