Nov 30, 2021le epic poster xDCan I get vbucks if i help?
- Nov 30, 2021le epic poster xD
Nvm, best of luck on your assignment
- Nov 30, 2021
Nov 30, 2021·4 repliesle epic poster xDCopy and paste the text
(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 $25,000Im at this part: Fill in the Disbursements for the month of January:
- Nov 30, 2021·1 replyValenciaisthebest
(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 $25,000Im at this part: Fill in the Disbursements for the month of January:
Can you please add the spaces between the paragraphs to make it easier to read
- Nov 30, 2021le epic poster xD
Can you please add the spaces between the paragraphs to make it easier to read
Nvm best of luck
- Nov 30, 2021
😐
- Nov 30, 2021·1 replyValenciaisthebest
(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 $25,000Im at this part: Fill in the Disbursements for the month of January:
You must have a mental deficit
- Nov 30, 2021·1 replyspace0cadet
You must have a mental deficit
Nov 30, 2021
ICED BLACK COFFEE@chegg
Dude you are such a notebook
- Nov 30, 2021·1 replyValenciaisthebest
- Nov 30, 2021space0cadet
I attempt to see the good too much in people I know
Nov 30, 2021le epic poster xDNvm, best of luck on your assignment
Nov 30, 2021·1 replyThx
I got you confused with another poster with a similar name
most of his threads were homework type threads- Nov 30, 2021·2 repliesskibidihawk2ahh
Thx
I got you confused with another poster with a similar name
most of his threads were homework type threadsNo you didn’t I’m him lol
- Nov 30, 2021Valenciaisthebest
No you didn’t I’m him lol
Nov 30, 2021Chegg
Nov 30, 2021·1 replyBeen a minute since a nice Valenciaisthebest homework thread
- Nov 30, 2021
Invest in coke
diet coke
- Nov 30, 2021str8dollaz
Been a minute since a nice Valenciaisthebest homework thread
You finally made it!!
WINTER 🌨️Nov 30, 2021ValenciaisthebestNo you didn’t I’m him lol
man entire thread is a f***ing mess
Nov 30, 2021
NessyHave you seen our resident drake stans?
no.
Nov 30, 2021le epic poster xDNvm, best of luck on your assignment
bruh ahahahhaha
- Nov 30, 2021
i sincerely hope you put 1/3 as much effort in trying to solve it as you put into making this thread.
Nov 30, 2021ValenciaisthebestNo I had scroll down smh