worldpeace

2y

Op just do the work on a piece of paper it’s not hard and no one will do this for you

Valenciaisthebest

2y

I have it but I need help because it’s a 15 part question

GhostDeini718

2y

Can you contact your classmates and discuss the questions together?

Valenciaisthebest

2y

I dont know any of my classmates because we never had class and this isnt my school lmao

GhostDeini718

2y

So this is not for school?

This is for business or work?

Valenciaisthebest

2y

This is but im taking this class at a different school than my own

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:

GhostDeini718

2y

I see, so there’s no way to know who’s in your class?

Valenciaisthebest

2y

yeah unfortunately not

Sponge2ChanBob

2y

@spacecwby

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:

DVLPR

2y

This is easy

space0cadet

2y

this dude is legitimately mental deficient because he cannot take a straight pic of the problem he so desperately needs help w

8J6

2y

Do the math

Valenciaisthebest

2y

I am the problem is I’m doing the wrong kind according to hw

8J6

2y

If no one helps within an hour or so tag me

NBA GameBoy

2y

Just pick C

space0cadet

2y

Valenciaisthebest
@Valenciaisthebest

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#GlazersOut
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