info the cerw year: Cash sales are 20W of total sales. The remaining sales are made on credit. Historically, 32% of sales are collected in the month after the sale, and the remaining 48% sre collected in the second month after the sale. Because the supplier is local, Prince George Company is able to keep a minimum inventory on hand. Their ciosing imventory balance at the end of any month should be half of the sales for the next month. Inventory at the beginning of September is 800 units. Purchases from the manufacturer are paid over a two-month perlod. 40 s6 of purchases are paid in the month of purchase and 60%5 are paid in the month following purchase. in addition, they pay a commission to their sales force of 6.0% of sales ( p aid in the month of sale), Finaik, the company pays monthly rent of $4,000 and expenses depreciation of $1,600 per month. They will have a one-time payment of dividends in December amounting to $35,000. notitrm a nefco a Intriction: Wher thin tumptate beluw to progare a rath budeet. Conqulete the Cash fricews skhedule for Nowemher and Oecember Complete the Schedule of Production for November and December Complete the purchases payment schedule for November and December Complete the Cash Payment Schedule for November and December Complete the Cash Parment Schedule for November and December info the cerw year: Cash sales are 20W of total sales. The remaining sales are made on credit. Historically, 32% of sales are collected in the month after the sale, and the remaining 48% sre collected in the second month after the sale. Because the supplier is local, Prince George Company is able to keep a minimum inventory on hand. Their ciosing imventory balance at the end of any month should be half of the sales for the next month. Inventory at the beginning of September is 800 units. Purchases from the manufacturer are paid over a two-month perlod. 40 s6 of purchases are paid in the month of purchase and 60%5 are paid in the month following purchase. in addition, they pay a commission to their sales force of 6.0% of sales ( p aid in the month of sale), Finaik, the company pays monthly rent of $4,000 and expenses depreciation of $1,600 per month. They will have a one-time payment of dividends in December amounting to $35,000. notitrm a nefco a Intriction: Wher thin tumptate beluw to progare a rath budeet. Conqulete the Cash fricews skhedule for Nowemher and Oecember Complete the Schedule of Production for November and December Complete the purchases payment schedule for November and December Complete the Cash Payment Schedule for November and December Complete the Cash Parment Schedule for November and December
