Can you show me how to get each answer/the calculations?
Homework Answers
Answer 5
c. $ 431,600
Calculations:
Formulae used
Answer 6
e. None of the above
Calculations:
| Opening cash | $ 20,000 |
| Add: Collections from sale | $ 492,000 |
| Less: Purchases | |
| March (400000*0.70*0.25) | $ 70,000 |
| Feb (550000*0.70*0.75) | $ 288,750 |
| Less: Operating expenses | $ 120,000 |
| Closing cash | $ 33,250 |
In case of any doubt, please comment.
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Can you show me how to get each answer/the calculations?
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