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multiply choice: a)267,700 b) 275,700 c)295,700 d)270,700 this is all i have ! there is no more info Dily Farm Supply is located in a
multiply choice:
a)267,700
b) 275,700
c)295,700
d)270,700
this is all i have ! there is no more info
Dily Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $248,000 for November, $288,000 for December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreclation is $10,000. - Ignore taxes. Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $248,000 for November, $288,000 for December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreciation is $10,000. - Ignore taxes. - Sales are budgeted at $248,000 for November, $288,000 for-December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreciation is $10,000. - lgnore taxes Dily Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $248,000 for November, $288,000 for December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreclation is $10,000. - Ignore taxes. Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $248,000 for November, $288,000 for December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreciation is $10,000. - Ignore taxes. - Sales are budgeted at $248,000 for November, $288,000 for-December, and $220,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $17,500. - Monthly depreciation is $10,000. - lgnore taxes Step by Step Solution
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