Fastly Company Had the Following Budgeted Information for October:
1 $75 \%$

question 109

Essay

Fastly Company had the following budgeted information for October:
1.
October 1 cash balance $3,500
2.
Expected sales 2,500 units at $25 each (half in cash,remainder on credit due in November)
3.
Inventory purchases 3,000 units at $14 each (all in cash)
4.
Rent $1,450
5.
Payroll $1,000
6.
Utilities and other costs $4,500
7.
Accounts receivable balance Oct.1,$35,000 (includes $700 bad debts allowance) A. What is the budgeted collection on accounts receivable for October?
B. What are the total cash disbursements for October?
C. What is the ending cash bal ance for October?
D. Assuming sales are collected $75 \%$ in the month of sale and $25 \%$ the following month, what is the ending cash balance for October?

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Definitions:

African Involvement

The participation or role of African people or nations in various historical, social, or political events.

Exploration

Exploration refers to the act of searching or traveling for the purpose of discovery, especially in unfamiliar territories.

African Resistance

Efforts by African people to oppose or resist European colonization, slavery, and exploitation on the continent and abroad.

European Slave Traders

Individuals or groups from Europe involved in the capturing, purchasing, and selling of Africans for forced labor in the Americas from the 16th to the 19th centuries.