The following information is from tejas windowtint’s financial records. month sales purchasesapril $ 76,000 $ 51,000 may 72,000 47,000 june 69,000 35,000 july 75,000 53,000 collections from customers are normally 68 percent in the month of sale, 20 percent in the month following the sale, and 10 percent in the second month following the sale. the balance is expected to be uncollectible. all purchases are on account. management takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. purchases for august are budgeted at $64,000, and sales for august are forecasted at $70,000. cash disbursements for expenses are expected to be $14,400 for the month of august. the company’s cash balance on august 1 was $32,000.required: prepare the expected cash collections during august. prepare the expected cash disbursements during august. calculate the expected cash balance on august 31.

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The undress company produces a dress that women use to quickly and easily change in public. the company is just over a year old and has been successful through a kickstarter campaign. the undress company has identified a customer segment, but if it wants to reach a larger customer segment market outside of the kickstarter family, what question must it answer?

The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated.b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.d. both a and c