Business, 02.11.2019 06:31, genyjoannerubiera

2. assume the following changes to the underlying budgeting assumptions: (1) 50% of a month’s credit sales are collected in the month the sales are made and the remaining 50% is collected in the following month, (2) the ending merchandise inventory is always 10% of the following month’s cost of goods sold, and (3) 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. using these new assumptions, calculate or prepare the following:

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2. assume the following changes to the underlying budgeting assumptions: (1) 50% of a month’s credi...