Tough Tillers Inc. makes tillers for small farms. Their inventory purchases budget is shown below: Sep purchases $240,000 Oct purchases $196,000 Nov purchases $229,000 25% of purchases are paid in the month of the purchase. The remainder are paid in the next month. Operating expenses were $222,000 of which $50,000 was depreciation. Tough Tillers will declare and pay a dividend of $24,000. What should they budget for cash payments in November? Enter as a whole number, no commas and no dollar signs. Your Answer: Answer

Tough Tillers Inc. makes tillers for small farms. Their inventory purchases budget is shown below: Sep purchases $240,000 Oct purchases $196,000 Nov purchases $229,000 25% of purchases are paid in the month of the purchase. The remainder are paid in the next month. Operating expenses were $222,000 of which $50,000 was depreciation. Tough Tillers will declare and pay a dividend of $24,000. What should they budget for cash payments in November? Enter as a whole number, no commas and no dollar signs. Your Answer: Answer

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 11EB: Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase,...

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