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The Prince Albert Corporation has forecast the following sales for the first seven months of the year. January $ 2 1 , 0 0 0
The Prince Albert Corporation has forecast the following sales for the first seven months of the year. January $ May $ February June March July April Monthly material purchases are set equal to percent of forecasted sales for the next month. Of the total material costs, percent are paid in the month of purchase and percent are paid in the following month. Labour costs will run $ per month, and fixed overhead is $ per month. Interest payments on the debt will be $ for both March and June. Finally, the Prince Albert sales people will receive a percent commission on total sales for the first six months of the year, to be paid on June Prepare a monthly summary of cash payments for the six months from January through June. Note: Compute prior December purchases to help get total material payments for January.
The Prince Albert Corporation has forecast the following sales for the first seven months of the year.
January $ May $
February June
March July
April
Monthly material purchases are set equal to percent of forecasted sales for the next month. Of the total material costs, percent are paid in the month of purchase and percent are paid in the following month. Labour costs will run $ per month, and fixed overhead is $ per month. Interest payments on the debt will be $ for both March and June. Finally, the Prince Albert sales people will receive a percent commission on total sales for the first six months of the year, to be paid on June
Prepare a monthly summary of cash payments for the six months from January through June. Note: Compute prior December purchases to help get total material payments for January.
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