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Business, 12.08.2019 16:20 ithebrainliest

Carter lumber sells lumber and general building supplies to building contractors in a medium-sized town in montana. data regarding the store's operations follow: o sales are budgeted at $412,000 for november, $422,000 for december, and $432,000 for january. o collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible. o the cost of goods sold is 70% of sales. o the company desires to have an ending merchandise inventory equal to 80% of the following month's cost of goods sold. payment for merchandise is made in the month following the purchase. o other monthly expenses to be paid in cash are $22,500. o monthly depreciation is $28,900. o ignore taxes. balance sheet october 31 assets cash $ 20,300 accounts receivable, net of allowance for uncollectible accounts 102,600 inventory 210,000 property, plant and equipment, net of $513,000 accumulated depreciation 1,026,000 total assets $1,358,900 liabilities and stockholders' equity accounts payable $ 305,000 common stock 780,000 retained earnings 273,900 total liabilities and stockholders' equity $1,358,900 the accounts receivable balance, net of uncollectible accounts, at the end of december would be

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