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NEED THIS ANSWER ASAP PLEASE!!!! 14 Cassio O. Corporation's operational data are below: - Sales are budgeted at $260000 for November, $230000 for December, and

NEED THIS ANSWER ASAP PLEASE!!!! image text in transcribed
14 Cassio O. Corporation's operational data are below: - Sales are budgeted at $260000 for November, $230000 for December, and $281000 for January. All sales are credit sales. - Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible. - The cost of goods sold is 65% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 60% 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 $20300. - Monthly depreciation is $20000. Ignore taxes. - 8 02:00:31 Q) Accounts payable at the end of December would be: A) $

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