please help!!!!will thumbs up! Balboa estimates that it will collect 25% of...
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please help!!!!will thumbs up!
Balboa estimates that it will collect 25% of its sales in the month of sale and 75% in the month after the sale. General operating expenses are budgeted to be $41,500 per month of which depreciation is $4,500 of this amount. Balboa pays operating expenses in the month incurred. The income tax rate is 10%. How much is budgeted net income for September? $22,320 $24,300 $25,920 $21,870
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