Capp Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow Sales are budgeted at $290,000 for November. S300,000 for December, and $280,000 for January Collections are expected to be 55% in the month of sale, 44% in the month following the sale, and 1% The cost of goods sold is 75% of sales The company desires an ending merchandise inventory equal to 35% of the following month's cost of goods sold Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $64.000. The November beginning balance in the accounts payable account is $251,000 Required a. Prepare a Schedule of Expected Cash Collections for November and December (omit the "s" sign in response l Schedule of Expected Cash Colections 290000 300000 Schedule of Expected Cash Collections 159500 S 127600 165000 222078 292600 positive a Merchandise Purchases Budget for November and December put all the in you response. capillanes