Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the directors of rexking co. ltd are concerned abo

the directors of rexking co. ltd are concerned about the companys cash flow. they have...

90.2K

Verified Solution

Question

Accounting

The directors of Rexking Co. Ltd are concerned about the companys cash flow. They have requested their accountant to compile data which shall be used to prepare a cash budget. The following data have been provided. (i) The following sales figures are for the months of November 2020 to June 2021. Actual sales Rs November 2020 60,000 December 2020 64,000 Forecast sales Rs January 2021 65,000 February 2021 70,000 March 2021 72,500 April 2021 76,250 May 2021 80,000 June 2021 78,750 Half the sales are normally paid for in the month in which they occur and the customers are rewarded with a 5% cash discount. The remaining sales are paid in the month following the sales. (ii) Goods are

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

Finance
1.2K views

Sylvan Forests Ltd is analysing a new paper product with the following after-tax cash flows: YEAR CASH FLOW 0 -200,000 1 60,000 2 64,000 3 64,000 4 68,000 5 68,000 Sylvan...

Statistics
1.2K views

A machine that is programmed to package 3.30 pounds of cereal is being tested for its...

Advance Math
1.2K views

Homework problems: Nested quantifiers (1.9-1.10) Determine the truth value of each expression below if the domain is the...

Physics
1.2K views

In a student experiment, a constant-volume gas thermometer is calibrated in liquid nitrogen (−196°C) and in...

Geometry
1.2K views

Find the area of each Figure 1 is done for you 1 Area a triangle...

Calculus
1.2K views

256 a Find the point on the graph of y ex where the tangent line...

Accounting
1.2K views

Review inventory transactions (Exhibit 17.1 on page 371) and discuss one best practice related to...

Accounting
1.2K views

Houseman, Inc. anticipates sales of 49,000 units, 47,000 units, 50,000 units and 49,000 units in...

Accounting
1.2K views

William, as a claim representative, is preparing for his initial contact with an insured who...

Accounting
1.2K views

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and...

Accounting
1.2K views

The Tennant Company has the following budgeted sales: January $40,000, February $60,000, March $50,000, and...

Finance
1.2K views

(Present value) The state lottery's milion-dollar payout provides for $2 million(s) to be paid over...