Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. riverbed, inc. provided the following information:

Riverbed, Inc. provided the following information: July August Projected sales $240,000 $280,000 Projected merchandise purchases...

60.1K

Verified Solution

Question

Accounting

image

Riverbed, Inc. provided the following information: July August Projected sales $240,000 $280,000 Projected merchandise purchases $152,000 $190,000 . Riverbed estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Riverbed pays for 30% of merchandise purchases in the month purchased and 70% in the following month. General operating expenses are budgeted to be $20,000 per month, including depreciation of $2,200. Riverbed pays operating expenses in the month incurred. Riverbed makes loan payments of $3,000 per month of which $450 is interest and the remainder is principal. Calculate Riverbed's budgeted cash disbursements for August. Budgeted Cash Disbursements $ $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

solve the SDE dX = ? 1 /?( (X ? µ)dt) + (2D)-1/2 dB. X(t =...

Basic Math
1.2K views

The data frame TestScores in the PASWR packages gives the test grades of 20 students taking a...

Basic Math
1.2K views

If A a b c d and B c d e f g then n...

Basic Math
1.2K views

Angela worked on a straight 9 % commission. Her friend worked on a salary of...

Statistics
1.2K views

Let log 7 Y and log 16 S Write the expression in terms of Y...

Calculus
1.2K views

Find the minimum and maximum distances between the sphere x y z 9 and the...

Accounting
1.2K views

Find: Binomial Distribution: (n = 6, p = .2) Find...

Accounting
1.2K views

Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Favreau Corporation wholesales repair products...

Accounting
1.2K views

On April 30,2018, Seattle First National Bank loaned $ 100 comma 000 to Pugliese Produce,Inc.,...

Accounting
1.2K views

cluestion why do you think it is neessary to include in the additional notes to...

Accounting
1.2K views

On January 1 of this year, Skamania Company completed the following transactions (assume a 8%...

Accounting
1.2K views

Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in...