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What the ending accounts payable balance for homeville

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Reference no: EM131809464

Question - Homeville Inc. has a sales budget for next month of $800,000. Cost of goods sold is expected to be 25 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $16,000, and an ending inventory of $28,000 is desired. Beginning accounts payable is $76,000. What will be the ending accounts payable balance for Homeville Inc?

Reference no: EM131809464

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