subject
Business, 07.05.2021 18:30 jj11vb

nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales$110,000 $139,000 $92,000 Credit sales 302,000 464,000 248,000 Total sales$412,000 $603,000 $340,000 Management estimates that 5% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 20% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices. Budgeted December cash payments by Yekstop Corp. for December inventory purchases are:

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:20
Which job role belongs in the middle management level? a. president b. chief executive officer c. department manager d. chief operating officer e. vice president
Answers: 1
question
Business, 21.06.2019 20:30
According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?
Answers: 3
question
Business, 21.06.2019 20:40
Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t
Answers: 2
question
Business, 22.06.2019 11:30
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Answers: 1
You know the right answer?
nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January...
Questions
question
Mathematics, 10.11.2020 02:50
question
Mathematics, 10.11.2020 02:50
question
Mathematics, 10.11.2020 02:50
question
Mathematics, 10.11.2020 02:50
question
Biology, 10.11.2020 02:50
question
English, 10.11.2020 02:50