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Calculate the projected accounts payable for Top A-1. Total Sales: $150,000 Cost if Goods sold equal to 76 percent of sales Total Expenses equal to
Calculate the projected accounts payable for Top A-1. Total Sales: $150,000 Cost if Goods sold equal to 76 percent of sales Total Expenses equal to 14 percent of sales Tax rate of 35 percent Beginning equity of $50,000 Beginning inventory of $12,000 Age of ending inventory 60 days Minimum cash balance of $10,000 Accounts receivable of 30 days Fixed Assets of $60,000 Accounts payable of 35 days
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