Willborn builders in the building construction business

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Willborn Builders in the building construction business. In Year 2, it is expected that 40 percent of a month's sales will collected in cash, with the balance being collected the follwing month of the purchases,50 pecent are paid the following month,30 percent are paid in two month and the remaining 20 percent commission. Labor wxpenses are expected to be $4,000 a month Other operating expenses are expected to run about $2,000 a month including $500 for depreciation the ending cash balance for Year 1 wos $4,500.

Reference no: EM131063489

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