one hundred ten credence sales20% Collected in month of sales70% Collected in month after salesTotal exchange receipts September$50,000 October400008,00035,00043,000 November350007,00028,00035,000 December60000$12,000 $24,500 $36,500 5. Problem #26, p. 114 earnings after taxes $20,000 Profit valuation reserve =------------------------------ = ---------------------- = 10% Sales $200,000 Dividends $6,000 Payout difference =------------------------------ = ---------------------- = 30% Earnings $20,000 diverseness in Sale = 20% x $200,000 = $40,000 offhand Assets = cash in +Accounts Receivable + Inventory impromptu Liabilities = Accounts Payable + Accrued contend and Taxes $120,000 $28,000 RNF =----------------- ($40,000) - ------------ ($40,000) - 0.10 ($240,000) (1-0.30) $200,000...If you want to get a full essay, order it on our website: Orderessay
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