le epic poster xD

2y

Can I get vbucks if i help?

le epic poster xD

2y

Nvm, best of luck on your assignment

le epic poster xD

2y

Copy and paste the text

Valenciaisthebest

2y

​(Preparation of a cash budget​) Lewis Printing has projected its sales for the first 8 months of 2019 as​ follows: LOADING....
Lewis collects 20 percent of its sales in the month of the​ sale, 50 percent in the month following the​ sale, and the remaining 30 percent 2 months following the sale. During November and December of​ 2018, Lewis's sales were ​$200000 and 165000​, respectively.
Lewis purchases raw materials 2 months in advance of its sales. These purchases are equal to 65 percent of its final sales. The supplier is paid 1 month after delivery.​ Thus, purchases for April sales are made in February and payment is made in March.
In​ addition, rent expense is ​$12000 per month and other expenses total ​$15000 a month. Beginning in​ March, quarterly tax prepayments of 23500 are made. The​ company's cash balance as of December​ 31, 2018, was ​$​26000; a minimum balance of ​$25000 must be maintained at all times to satisfy the​ firm's bank line of credit agreement. Lewis has arranged with its bank for​ short-term credit at an interest rate of 12 percent per annum ​( 1 percent per​ month) to be paid monthly. Borrowing to meet estimated monthly cash needs takes place at the end of the​ month, and interest is not paid until the end of the following month.​ Consequently, if the firm needed to borrow​ $50,000 during​ April, then it would pay $500 ​(​=.01 * $50,000) in interest during May.​ Finally, Lewis follows a policy of repaying its outstanding​ short-term debt in any month in which its cash balance exceeds the minimum desired balance of ​$25,000

Im at this part: Fill in the Disbursements for the month of​ January:

le epic poster xD

2y

Can you please add the spaces between the paragraphs to make it easier to read

Valenciaisthebest

2y

​(Preparation of a cash budget​) Lewis Printing has projected its sales for the first 8 months of 2019 as​ follows: LOADING....
Lewis collects 20 percent of its sales in the month of the​ sale, 50 percent in the month following the​ sale, and the remaining 30 percent 2 months following the sale. During November and December of​ 2018, Lewis's sales were ​$200000 and 165000​, respectively.
Lewis purchases raw materials 2 months in advance of its sales. These purchases are equal to 65 percent of its final sales. The supplier is paid 1 month after delivery.​ Thus, purchases for April sales are made in February and payment is made in March.
In​ addition, rent expense is ​$12000 per month and other expenses total ​$15000 a month. Beginning in​ March, quarterly tax prepayments of 23500 are made. The​ company's cash balance as of December​ 31, 2018, was ​$​26000; a minimum balance of ​$25000 must be maintained at all times to satisfy the​ firm's bank line of credit agreement. Lewis has arranged with its bank for​ short-term credit at an interest rate of 12 percent per annum ​( 1 percent per​ month) to be paid monthly. Borrowing to meet estimated monthly cash needs takes place at the end of the​ month, and interest is not paid until the end of the following month.​ Consequently, if the firm needed to borrow​ $50,000 during​ April, then it would pay $500 ​(​=.01 * $50,000) in interest during May.​ Finally, Lewis follows a policy of repaying its outstanding​ short-term debt in any month in which its cash balance exceeds the minimum desired balance of ​$25,000

Im at this part: Fill in the Disbursements for the month of​ January:

space0cadet

2y

You must have a mental deficit

ICED BLACK COFFEE

2y

@​chegg

le epic poster xD

2y

Nvm, best of luck on your assignment

blinker fluid

2y

Thx

I got you confused with another poster with a similar name most of his threads were homework type threads

Valenciaisthebest

2y

No you didn’t I’m him lol

str8dollaz

2y

Been a minute since a nice Valenciaisthebest homework thread

Valenciaisthebest

2y

No you didn’t I’m him lol

Nessy

2y

Have you seen our resident drake stans?

le epic poster xD

2y

Nvm, best of luck on your assignment

Valenciaisthebest

2y

No I had scroll down smh