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The Oxford COmpany Has budgeted sales revenus as follow.
OCT NOV DEC
Past experience indicates that 60% of the credit sales will be collected in the month of sale and the remaining 40% will be collected in the following month. Purchases of inventory are all on credit, with 60% paid in the month of purchase and 40% in the month following purchase. Budgeted inventory purchases are $260,00 in Octrober, $180,000 in November, and $84,000 in December.Use this inormation to prepare a schedule of expected cash payments for purchases of inventory for the months of November and December only.
the average of a gallon unleaded regular gas was reported to be 2.34 in northern kentucky. use this price as the
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sucher company uses a standard cost system in which manufacturing overhead costs are applied to units of product on the
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A company manufactures a single product. During year 2012, a total of 20,000 units of this product were produced and 15,000 units were sold. The sales price was $20.00 per unit.
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