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Computer Science
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Information pertaining to Yekstop Corp's sales revenue budget is presented below. Management estimates that four percent

Aug 5th, 2015

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1) Total Budgeted cash collection in December = Cash Sale + Credit Sale of December *(1-4%) * 65% + + Credit Sale of November *(1-4%) * 35%

Total Budgeted cash collection in December = 125000 + 450000 *(1-4%) * 65% + 288000 *(1-4%) * 35%

Total Budgeted cash collection in December = $ 502,568

2) Budgeted Beginning Inventory in November = Total Sale in November * Purchase Cost Percenatge * 75%

Budgeted Beginning Inventory in November = 384000*60%*75%

Budgeted Beginning Inventory in November = $ 172,800

3) Budgeted Ending Inventory in November = Total Sale in December * Purchase Cost Percenatge * 75%

Budgeted Ending Inventory in November = 575000*60%*75%

Budgeted Ending Inventory in November = $ 258,750

4) December Sale Collected in January = Credit Sale of December *(1-4%) * 35%

December Sale Collected in January = 450000 *(1-4%) * 35%

December Sale Collected in January = $ 151,200


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Aug 5th, 2015

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