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do not want the answer LAUCIS A Company's projected sales, in units, for the first 4 months of 2015 are as follows: Month Units January
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LAUCIS A Company's projected sales, in units, for the first 4 months of 2015 are as follows: Month Units January 130,000 February 100,000 March 180,000 April 220,000 Each unit sells for $25 and costs $10 to acquire from a supplier. The company's cash collection pattern is as follows: Month of sale: 60% Month following sale: 25% 2nd month following sale: 12% Uncollectible: 3% The company's policy is to have enough goods on hand at the end of each month to meet 30% of the next month's sales. Payments to suppliers are made as follows: Month of purchase: Month following purchase: 65% 35% Step by Step Solution
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