Business, 31.10.2019 04:31 electrofy456

The following information pertains to the january operating budget for casey corporation. times budgeted sales for january $ 200 comma 000 and february $ 108 comma 000. times collections for sales are 40% in the month of sale and 60% the next month. times gross margin is 30% of sales. times administrative costs are $ 20 comma 000 each month. times beginning accounts receivable is $ 26 comma 000. times beginning inventory is $ 21 comma 000. times beginning accounts payable is $ 69 comma 000. (all from inventory purchases.) times purchases are paid in full the following month. times desired ending inventory is 20% of next month's cost of goods sold (cogs). for january, budgeted cash payments for purchases are

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The following information pertains to the january operating budget for casey corporation. times budg...

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