2. (12 points) Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry....
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2. (12 points) Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: The company sells each unit for $45 Budgeted Sales . Octobe |Novembe Decembe |January 30,000 25,000 40,000 30,000 Collections are expected to be 70% in the month of sale, 30% in the Month Sales in Units month following the sale . The A/R balance at September 30th will be collected in full in October . The cost of the merchandise is S32 per unit. * In addition to meeting the current month's sales demand, management wants to maintain and ending inventory balance of 10% of the next month's sales . The ending inventory balance at September 30th is 3,000 units e Payment for merchandise is made as follows: 2 paid in the month of the purchase, 2 paid the month following the purchase . The A/P balance at September 30th will be paid in full in October * Other monthly expenses to be paid in cash are S300,000
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