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help plwase Young is a retailer of assorted baby products. The sales forecast for the coming months is: April June July $ 176 000 5210.000
help plwase
Young is a retailer of assorted baby products. The sales forecast for the coming months is: April June July $ 176 000 5210.000 $217.000 5247,000 $230,000 August Young's cost of sales averages 70% of revenues. The inventory policy is to carry 20% of next month's sales needs April 1 Inventory will be as expected under the policy Young pays for purchases 70% in the month of purchase and 30% the following month Accounts payable on April 1 is $28,400 a. Prepare a purchases budget for as many months as is possible May June July August Sales x 70% Cost of Bales Ending inv Beginning in Purchases b. Prepare a cash payments budget for April through July. April May June July From This Month From Last Month Cash Payments Step by Step Solution
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