Budgeted net income for 2009 is P 19,500. Included in the budgeted income statement is depreciation of P 12,500. The changes in the trade current accounts are: Accounts Receivable (P 5,000) Merchandise Inventory P 7,000 Accounts Payable P 6,000 Accrued Expenses (P 2,000) Budgeted cash inflow (outflow) from operating activities must be a. P 38,000 b. (P 1,000) c. P 34,000 d. (P3,000)
Budgeted net income for 2009 is P 19,500. Included in the budgeted income statement is depreciation of P 12,500. The changes in the trade current accounts are: Accounts Receivable (P 5,000) Merchandise Inventory P 7,000 Accounts Payable P 6,000 Accrued Expenses (P 2,000) Budgeted cash inflow (outflow) from operating activities must be a. P 38,000 b. (P 1,000) c. P 34,000 d. (P3,000)
Chapter7: Budgeting
Section: Chapter Questions
Problem 13EA: What is the amount of budgeted cash payments if purchases are budgeted for $420,000 and the...
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Budgeted net income for 2009 is P 19,500. Included in the
Accounts Receivable (P 5,000)
Merchandise Inventory P 7,000
Accounts Payable P 6,000
Accrued Expenses (P 2,000)
Budgeted
a. P 38,000 b. (P 1,000) c. P 34,000 d. (P3,000)
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