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Business, 02.08.2019 17:20 xrenay

Cave hardware's forecasted sales for april; may; june; and july are $ 200,000; $ 210,000; $ 150,000; and $ 240,000; respectively. sales are 70% cash and 30% credit with all accounts receivables collected in the month following the sale. cost of goods sold is 80% of sales and ending inventory is maintained at $ 75,000 plus 10% of the following month's cost of goods sold. all inventory purchases are paid 26% in the month of purchase and 74% in the following month. what is the balance of accounts payable on the june 30 budgeted balance sheet at cave hardware?

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Cave hardware's forecasted sales for april; may; june; and july are $ 200,000; $ 210,000; $ 150...

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