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Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data tegarding the store's operations follow: - Sales are budgeted at $320,000 for

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Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data tegarding the store's operations follow: - Sales are budgeted at $320,000 for November, $340,000 for December, and $330,000 for January - Collections are expected to be 70% in the month of sale and 30% in the month following the sale - The cost of goods sold is 75% of sales. - The company desires an ending merchandise inventory equal to 75% of the cost of goods sold in the following month. - Payment for merchandise is made in the month following the purchase - Other monthly expenses to be paid in cash are $20,700 - Monthly depreciation is $20,500. - Ignore taxes. a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and December c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare a Schedule of Expected Cash Collections for November and December. a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare a Schedule of Expected Cash Collections for November and December. a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare a Merchandise Purchases Budget for November and December. a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare Cash Budgets for November and December. Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare Budgeted Income Statements for November and December. Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Prepare a Budgeted Balance Sheet for the end of December

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