Liabilities and elders Epity Acts payab Comstock 179,000 307,000 Extered ser Tital ilities and stickaddersty TES 582 accountants have made the blowing estimates 1 Sales for April May June, and July wis be $260,000 $280,000 $270,000, and $290,000, respectively 2. All sales are on credit toch month's credit sales are collected 35% in the month of site sod 65% in the month tutowing the sale All of the accounts receivable at March 21 will be collected Ap 3 Each month's ending inventory must equel 25% of next months cost of goods solt. The cost of goods sold is 70% of seles. The company peys for 40% merchandise purchases 60% onth Rollowing the purchase All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in Apr 4 Monthly selling and administrative expenses are always $48.000 Each month $5,000 of this total amount is depreciation expense and the remaining $43.000 is spert for expenses that are 5. The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase own stock during the 2nd quarter How much is the company's expected cash disbursement for merchandise in the month of Apri Mute Choce O $75.000 O$74.200 $111.300 phase and the i mund they were Required information TES-582 Inces aretater. Its accountants are preparing the company's 2nd quarter master budget. The company has the fotowing balance sheet as of March 31 TES- anch Perch 31 Asets CAN 111,000 Acounts rivale 121,000 45,500 213,600 Plant and rent, not of preciation Total 1447,500 Liabilities and Staalders Equity 13,000 Accounts payable Common stock 307,000 Betained earnings 79,500 fetal lisilities and socialderst 412,500 TES-52 accountants have made the following estimates 1. Sales for April, May, June and July will be $260.000 $280,000 $270,000, and $200.000, respectively 2. All sales are on credit Each montrs credit sales are collected 35% in the month of sale and 66% in the month following the sale. All of the accounts receivable at March 31 will be colected in Apt 3. Each mont's ending inventory muat equal 25% of next month's cost of goods sold. The cast of goods sold is 70% of sales. The company pays for 40% of its merchandise purchases in the men 60% in the month following the purchase All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in Ap 4, Monthly selling and administrative expenses are always $48,000. Each month $5,000 of this total amount is depreciation expense and the remaining $41.000 a spent for expenses that 5. The company will not bonow money or pay or declare dividends during the 2nd quarter The company will not sue any common slock or repurchase its own stock dung the 2nd quarter How much in the company's expected cash disbursement for merchandise in the month of Apr sold is 70% of sales. The company pays for 40% of its merchandise purchases t w the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and will be paid in Apri 4 Monthly selling and soministrative expmses are always $48.000 Each month $5,000 of this sotal amount depreciation expense and the remaining $43,000 spent for expenses ut are p 5. The company will not bomow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase is own stock during the 2nd qu How much is the company's expected cash disbursement for merchandise in the mouth of Apri Multiple-Chace $7.000 174.200 1,300 $150,200 will be collected in April month of the purchase and the remaining the month they are incomed