Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 6.00

Creassos Ltd.

(Profit Budget and Cash Forecast) Creassos Ltd. was formed in July 2012 with $20,000 of capital. $7,500 of this was used to purchase equipment. The owner budgeted for the following:

 

Sales

Receipts of

Accounts Receivable

Purchases

Payments on Accounts Payable

Wages

Other Expenses

 

July

$20,000

-

$ 8,000

$ 5,000

$3,000

$2,000
 

30,000

$20,000

15,000

10,000

4,000

2,000
 

40,000

30,000

20,000

20,000

5,000

3,000

Wages and other expenses are paid in cash. In addition to the above, depreciation is $2,400 per year. No inventory is held by the company.

  1. Calculate the profit for each of the three months from July through September and the total profit for the three months.
  2. Calculate the cash balance at the end of each month.
  3. Prepare a statement of financial position at the end of September.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 07:09 PM My Price 6.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)