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Among the items it manufactures Jefferson Wine Accessories ( JWA ) produces drink coasters. In FY 2 0 2 2 JWA sold 3 2 ,

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Among the items it manufactures Jefferson Wine Accessories (JWA) produces drink coasters. In FY 2022 JWA sold 32,000 packages per month containing four coasters each for $15.00 per package. JWA expects to increase the number packages sold per month by 5% per year in FY2023. The sales price per package is expected to increase to $16.00 for FY2023. JWA targets ending finished goods inventory for each month to equal 30,000 packages in FY 2023. As the company is preparing its FY2023 budget it anticipates its ending Finished Goods inventory for FY2022 to equal 25,000 packagesEach package requires 0.5 pound of cork. At the end of FY2022, management expects to have 30,000 pounds of cork in raw materials inventory. JWA targets to have raw material stocks of cork equal to 50,000 pounds at the end of each month during FY2023. JWA anticipates the cost of cork to average $9.00 per pound for the year.JWA's sales of coasters are all done through distributors. JWA collects 75% of its sales revenue in the month of the sale and 23% in the month following the sale. 2% of gross sales are written off as bad-debts each month.On 12/31/2022 JWA anticipates having an Accounts Receivable balance of $120,000JWA's cork suppliers are paid 80% of monthly purchase costs in the month of the purchase and 20% in the month following the purchase. On 12/31/2022 JWA estimates its Accounts Payable balance to be $64,000
Question 6
What is the budgeted amount of cash to be collected in January 2023?(Include collections from sales in both January and prior months)
Question 8
What is the budgeted amount of cash to be paid in January 2023?(Include payments from both purchases in January and prior months)
correct
Question 9
What is the budgeted amount of inventory purchases made in January to be paid in February 2023?
Question 10
What is the budgeted January 2023 net cash flow from purchases of Raw Materials and Sales of coasters? Let a positive number represent an increase in cash and a negative number represent a decrease in cash flow.
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