Calculate cash payment
April | |
Manufacturing cost (158900*3/4) | 119175 |
Insurance expense (1190*3) | 3570 |
Total cash payment | 122745 |
So answer is a) $122745
Calculator Use the information below for Finch Company to answer the question that follow Finch Company...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $157,200 $192,800 $207,300 Insurance expense (2) 1,160 1,160 1,160 Depreciation expense 2,180 2,180 2,180 Property tax expense (3) 530 530 530 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $159,900 $194,400 $201,000 Insurance expense (2) 870 870 870 Depreciation expense 1,820 1,820 1,820 Property tax expense (3) 560 560 560 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $155,100 $199,600 $214,700 Insurance expense (2) 1,120 1,120 1,120 Depreciation expense 2,090 2,090 2,090 Property tax expense (3) 430 430 430 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $159,000 $197,600 $201,300 Insurance expense (2) 980 980 980 Depreciation expense 2,100 2,100 2,100 Property tax expense (3) 590 590 590 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $158,000 $200,000 $203,000 Insurance expense (2) 1,150 1,150 1,150 Depreciation expense 1,890 1,890 1,890 Property tax expense (3) 450 450 450 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
ageNOW2 Online teachir X akeAssignment/takeAssignment Main.doFinvokersassignments&takeAssignmentSessionLocator assignment takinprogress-false Calculator Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: Mary Manufacturing costs (1) $158.200 $191,400 $208.400 Insurance expense (2) 1.190 1,190 1,190 Deprecation expense 2.110 2.110 Property tax expense (3) (1) of the manufacturing costs, three-fourths are paid for in the month they are incurred; one fourth is paid in the following month (2) Insurance expense is $1.190 a month; however, the...
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $156,800 $194,400 $208,200 Insurance expense (2) 1,010 1,010 1,010 Depreciation expense 1,910 1,910 1,910 Property tax expense (3) 530 530 530 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs April May $156 800 Manufacturing costs (1) Insurance expense (2) Depreciation expense Property tax expense (3) 1,000 2,000 $195,200 1,000 2,000 Soo $217,600 1.000 2.000 500 500 (1) of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. (2) Insurance expense is $1,000 a month; however, the insurance is paid four...
1. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $157,000 $191,000 $210,000 Insurance expense (2) 1,070 1,070 1,070 Depreciation expense 1,970 1,970 1,970 Property tax expense (3) 410 410 410 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the following month. (2) Insurance expense is $1,070 a month; however, the insurance...
1) 2) 3) 4) 5) Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business-September, October, and November-are $239,000, $318,000, and $420,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in October from accounts receivable are estimated...