Data for Yipuum207, a large merchandiser, is below: a. Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January.
b. Collections are expected to be 65% in the month of sale and 35% in the month following the sale.

The cost of goods sold is 80% of sales.
Yipuum207 desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

Other monthly expenses to be paid in cash are $22,600.
Monthly depreciation is $28,500.
Ignore taxes.
(ID#80825)

Assets
Cash $29,000
Accounts receivable 78,000
Merchandise inventory 182,400
Property, plant and equipment, net of $624,000 accumulated depreciation 1,006,000
Total assets $1,295,400

Liabilities and Stockholders' Equity
Accounts payable $241,000
Common stock 742,000
Retained earnings 312,400
Total liabilities and stockholders' equity $1,295,400

Required:
What are the expected cash collections for Yipuum207 in December?

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

12.     to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a   incorrect which is correct answer?

In terms of precent, beer has more alcohol than whiskey true or false