Business
Business, 12.11.2019 05:31, KimberlyC

The following information pertains to the january operating budget for casey corporation. times budgeted sales for january $ 200 comma 000 and february $ 109 comma 000. times collections for sales are 40​% in the month of sale and 60​% the next month. times gross margin is 30​% of sales. times administrative costs are $ 13 comma 000 each month. times beginning accounts receivable is $ 30 comma 000. times beginning inventory is $ 22 comma 000. times beginning accounts payable is $ 68 comma 000. ​(all from inventory​ purchases.) times purchases are paid in full the following month. times desired ending inventory is 25​% of next​ month's cost of goods sold​ (cogs). at the end of​ january, budgeted accounts receivable is​

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