zach's retail store started operations June 1st. Expected sales for first four months are: June...
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Accounting
zach's retail store started operations June 1st. Expected sales for first four months are: June = #10000 July SH 16000 August = $24000 Sept = $125000 - The store's COGS is 60% of sales verchandise invertory on hand at end of each month = 50% of next month's COGS. All purchases of merch. inventory must be paid inmonth of purchase 60% of all sales are for cash, the balance is on credit, 75% of credit sales are collected in the month folloung the month of sale, with the balance collected in The following month variable operating expenses are 10% of sales revenue and fixed operating expenses (all depreciation are $3000 per month cash payments for the variable operating expenses are made during the month the expense incurred. The total cash disbursements for August would be: 2.) 16400 b.) 13900 4707100 d.) 20 100
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