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Business, 12.11.2019 05:31 KimberlyC

The following information pertains to the january operating budget for casey corporation. times budgeted sales for january $ 200 comma 000 and february $ 109 comma 000. times collections for sales are 40% in the month of sale and 60% the next month. times gross margin is 30% of sales. times administrative costs are $ 13 comma 000 each month. times beginning accounts receivable is $ 30 comma 000. times beginning inventory is $ 22 comma 000. times beginning accounts payable is $ 68 comma 000. (all from inventory purchases.) times purchases are paid in full the following month. times desired ending inventory is 25% of next month's cost of goods sold (cogs). at the end of january, budgeted accounts receivable is

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The following information pertains to the january operating budget for casey corporation. times budg...
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