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Sweet & Co. makes and sells candies. Sweet & Co.'s sales are 40% cash and 60% on accounts receivable collected in the following month. Sweet

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Sweet \& Co. makes and sells candies. Sweet \& Co.'s sales are 40% cash and 60% on accounts receivable collected in the following month. Sweet \& Co.'s inventory policy is to begin a month with sufficient inventory to cover 80 percent of the sales for the month plus a $50,000 cushion. The cost of goods sold amounts to 60 percent of sales, and Sweet \& Co. takes all deliveries on account and pays half in the current month and half in the following month. In June, Sweet \& Co.'s sales were $80,000, and the beginning balance of the inventory was $80,000. It expects to sell $100,000,$120,000, and $150,000 in July, August, and September, respectively. Find the cash disbursements in July. Find the required inventory purchases in June How much cash does Sweet \& Co. collect in August? Find the target ending inventory, in $, at the end of June

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