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Wilson Led is trying to decide whether it is going to need to take a loan incoming January to buy new microcomoter istem. The microcomputer
Wilson Led is trying to decide whether it is going to need to take a loan incoming January to buy new microcomoter istem. The microcomputer will cost $9.720 The president, Charles Wison has collected the following information about her operations as at December 1. Balance of selected ledger accounts: Cash $3.240 Accounts payable 6,500 2. Sales history and forecast unit selling price $12) October actual $48.600 36.720 November (actual) December Lactual) 48.600 forecast) 64.800 January 3. 4 5 6 All sales are on credit and are due 30 days after the sale Cash payments for purchases are as follows two-thirds in the month of purchase one-third in the month after that Wilson Ltd. collects 50% of a month's sales one month after the sale and 45% two months after the sale: 5% are uncollectible. The company purchases inventory as required under terms of 2/10, net 30. It always takes the 2scount but records purchases at rose cost Inventory costs $ per unit, gross. Other expenses, all paid in cash as incurred average about 30% of the sales dollar amount. Depreciation is part of these expenses and costs $3.240 per month Wilson Ltd keeps a minimum cash balance of $4,300 7 8 9 is computer acquisition (Enter negative Beginningshalace Add v Collections from November Total cash receipts Accounts payable from December
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