Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Problem:

Green Earth's monthly purchases are equal to 70 percent of the following month's sales. The accounts payable period for purchases is 30 days. All other expenses are paid when incurred. Assume each month has 30 days and August sales are $18,500. The company has compiled the following information.

  • May - Sales14800, other expenses 2800, interest and taxes 650
  • June - Sales 16100, other expenses 3000, interest and taxes 720
  • July - Sales 17500, other expenses 3300, interest and taxes 880

Required:

Question: What is the projected amount of disbursements for the month of july?

Note: Explain all steps comprehensively.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91149329

Have any Question?


Related Questions in Basic Finance

You deposit 286 dollars in an account every year for 4

You deposit 286 dollars in an account every year for 4 years that earns 4 percent annual interest. What is the present value of your deposits today (the present value of the annuity at time 0)? (your first deposit will b ...

Bond valuation relationshipsthe 13-year 1000 par value

(Bond valuation? relationships) The 13?-year, ?$1,000 par value bonds of Waco Industries pay 8 percent interest annually. The market price of the bond is ?$1,085?, and the? market's required yield to maturity on a? compa ...

Cardinal industries had the following operating results for

Cardinal Industries had the following operating results for 2018: Sales = $33,813; Cost of goods sold = $23,967; Depreciation expense = $5,947; Interest expense = $2,685; Dividends paid = $1,951. At the beginning of the ...

A client plans to send a child to college for 4 years

A client plans to send a child to college for 4 years starting 18 years from now. Having set aside money for the tuition, she decides to plan for room and board also. She estimates these costs at $20,000 per year, payabl ...

A stock has a beta of 100 the expected return on the market

A stock has a beta of 1.00, the expected return on the market is 10 percent, and the risk-free rate is 3 percent. What must the expected return on this stock be? (Do not round intermediate calculations and enter your ans ...

Calculate the value of a bonds with face value of 1000 a

Calculate the value of a bonds with face value of $1,000 a coupon interest rate of 8 percent paid semiannually; and a maturity of 10 years. Assume the following discount rate (a) 6 percent (b) 8 percent (c) 10 percent

Oceangate sells external hard drives for 300 each its total

OceanGate sells external hard drives for $300 each. Its total fixed costs are $30 million, and its variable costs per unit are $240. The corporate tax rate is 30%. If the economy is strong, the firm will sell 2 million d ...

Think about childrens education in the us describe two

Think about children's education in the U.S. Describe two factors that are currently hindering the intellectual development of children in this country. Explain why each of these factors impacts intellectual development

What is the present value of a security that will pay 9000

What is the present value of a security that will pay $9,000 in 20 years if securities of equal risk pay 12% annually? Round your answer to the nearest cent

Answer as thorough as possibledescribe in detail each of

Answer as thorough as possible. Describe in detail each of four risk factors of holding a domestic bond. Your summary should convince the reader that you fully understand each risk factor.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As