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Title: Cave Hardware's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; an Post by: bernie2981 on Nov 14, 2015 Cave Hardware's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; and $240,000; respectively. Sales are 65% cash and 35% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 22% in the month of purchase and 78% in the following month.
What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave Hardware? A) $108,225 B) $114,075 C) $146,250 D) $32,175 Title: Re: Cave Hardware's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000 Post by: nuclei on Nov 15, 2015 Content hidden
Title: Re: Cave Hardware's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; an Post by: bernie2981 on Dec 1, 2015 Answers my question perfectly.
Title: Re: Cave Hardware's forecasted sales for April; May; June; and July are $200,000; $230,000; ... Post by: Primrose22 on Nov 1, 2020 Thanks
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