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Carner lumber sells lumber and general building suppiles to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow: sales are
Carner lumber sells lumber and general building suppiles to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow: sales are budgeted at $390,000 for november, $380,000 for december and $360,000 for january collections are expected to be 85% in the month of sale, and 15% in the month following the sale The cost of goods sold is 61% of sales
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