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Fedor, Inc has prepared the following direct materials purchases budget:
Budgeted DM PurchasesMonth.
June. $68,000July. 74,500August. 79,000Sept. 79,800Oct. 78,000
Question 1: All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in Oct for purchases.A) $71,420B) $79,220C) $47,300D) $39,720
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Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $50,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases ..
Clean, Inc. cleans and waxes floors for commercial customers. The company is presently operating at less than capacity with equipment and employees idle at times. The company recently received an order from a potential customer outside the company's ..
Make forecasted statement of cash flows for the year ended December 31, 2020 based on the sale of 24,000 cupcakes at $3.25 per cupcake.
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