Business, 07.05.2021 18:30, jj11vb

nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January Cash sales$110,000 $139,000 $92,000 Credit sales 302,000 464,000 248,000 Total sales$412,000 $603,000 $340,000 Management estimates that 5% of credit sales are eventually uncollectible. Of the collectible credit sales, 65% are likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 75% of the sales projected for the month. All purchases of inventory are on open account; 20% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling prices. Budgeted December cash payments by Yekstop Corp. for December inventory purchases are:

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nformation pertaining to Yekstop Corp.'s sales revenue is presented below: November December January...