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help me prepare a cash budget, also please dont comment asking me to pay you to solve this question somewhere else! all the info is
help me prepare a cash budget, also please dont comment asking me to pay you to solve this question somewhere else!
all the info is here?
18. YunCorp has prepared the following budget for September: $1,500,000 Sales revenue Cost of goods sold Gross margin 1,000,000 $ 500,000 Operating expenses 450,000 Operating income $ 50,000 Cost of goods sold is three-fourths variable and period costs are two-thirds variable. Half of variable cost of goods sold consists of direct materials costs. Sales are planned as follows: July 28,000 August 31,000 September 30,000 des YunCorp keeps finished goods inventory balances constant, but raw materials inventories are expected to be 15% of the following month's production needs. YunCorp collects 80% of each month's revenues in the month of sale, 15% in the following month, and the remainder is uncollectible. YunCorp pays for all costs in the month following purchase. YunCorp had $200,000 in their Cash account at the beginning of September. Prepare a cash budget for SeptemberStep by Step Solution
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