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i give upvotes to complete answers. thank you. i understand this is alot and appreciate the effort. Weldon Industrial Gas Corporation supplies acetylene and other
i give upvotes to complete answers. thank you. i understand this is alot and appreciate the effort.
Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: Sales are budgeted at $360,000 for November, $380,000 for December, and $370,000 for January Collections are expected to be 75% in the month of sale, 22% in the month following the sale, and 3% uncollectible The cost of goods sold is 70% of sales. The company desires an ending merchandise inventory equal to 85% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are $19,800. Monthly depreciation is $14,800 Ignore taxes
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