The projections of direct materials purchases that follow are for the Sombo Corporation. Purchases on Account Cash Purchases December $40,000 $30,000 January 60,000 33,000 February 50,000 35,000 March 70,000 25,000 The company pays for 60 percent of purchases on account in the month of purchase and 40 percent in the month following the purchase. What is the expected cash payment for direct
materials for the month of January?
a. $33,000
b. $85,000
c. $102,000
d. $108,000
B
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According to the Global Market Research Reports, data for Chinese markets are available for:
A) cosmetics. B) online music. C) whiskies. D) luxury goods. E) pharmaceutical.
Policies and procedures are examples of which type of communication network?
A. official B. approved C. formal D. endorsed
Jacquin Corporation reports its income from investments under the equity method and recognized income of $15,000 from its investment in Trapper Company during the current year. Trapper declared no dividends during the current year. On Jacquin's statement of cash flows the $15,000 would
a. be shown as cash from investing activities. b. be shown as an addition to net income in the reconciliation of net income to cash from operations. c. be shown as a deduction from net income in the reconciliation of net income to cash from operations. d. not be shown.
An organization must complete an assessment of estimated ______ from business operations and determine what percentage of revenues can or should realistically go toward compensation costs.
A. equity B. costs C. revenues D. growth