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Dily Farm Supply is located in a small town in the nural west. Data regatding the stores operations follow: - Sales are budgeted at $251,000

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Dily Farm Supply is located in a small town in the nural west. Data regatding the stores operations follow: - Sales are budgeted at \$251,000 for November, \$291,000 foe December, and \$218,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% or sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 90% of the next month's cost of goods sold. Payment for merchandise is made in the month following the puichase. - Other monthly expenses to be pad in cash are 320,000 . - Monthly depreciation is 525,000 - Ignore taxes. Mulliple Cholice 520,1025 3218250

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