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3 points Dynamic - Problem and answer changes with each attempt (consider an Excel solution)...

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Accounting

image 3 points Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Farm Supply is located in a small town on the coast of California. Data regarding the store's operations follow: - Sales are budgeted at 322,385 for November, $339,380 for December, and $225,557 for January. - Collections are expected to be 70% in the month of sale and 30% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $22,400. - Monthly depreciation is $27,500. - Ignore taxes

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