Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Dec 2017 My Price 8.00

month of sales

COGS are 80% of sales. You collect 80% of sales in the month of sales and the remaining 20% in the month following sales. You purchase 60% of your COGS in the month of sale and 40% in the month prior to the sale. you pay for 70% of purchases in the month that it is purchased and the remaing 30% in the month after it is purchased.

  DEc JAN FEB MAR Apr MAY
Sales 10000 7000 6000 5000 6000 7000
COGS 8000 5600 4800 4000 4800 5600
cash REC   7600   5200 5800  
purchases 7040 5280 4480   5120  
cash used   5808   4368 4880  
CASH Gen   1792   832 920  
             
Cash 1000 2792 4272 5104 6024  
Acounts REC 6000   5200 5000 5200  
INV 2800 2480 2160 2480 2800  
Accounts PAY 4760 4232 3992 3944 4184  

How much Inventory was purchased in march?

a 2360   b 2920   c3560 d4320

what was accounts REC balance in JAN

a. 4200 b4800 c 5400 d 5800

how much cash was used in FEB

a 4260 b 4720 c 5440 d 6200

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Dec 2017 11:12 PM My Price 8.00

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