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The Denver Corporation has forecast the following sales for the first seven months of the...

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Accounting

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The Denver Corporation has forecast the following sales for the first seven months of the year January 16,000 February 18,000 March 20,000 April 26,000 Hay 16,000 Bune 22,680 July 24,00 Monthly material purchases are set equal to 20 percent of forecast sales for the next month of the total material costs, 30 percentare pald in the month of purchase and 70 percent in the following month Labor costs will run $4,600 per month and fixed overhead is $5,000 per month Interest payments on the debt will be $3,600 for both March and June. Finally, the Denver Salesforce will receive a 100 percent committion on total sales for the first six months of the year, to be paid on June 30 Prepare a monthly summary of cash payments for the six-month period from January through June (Note Compute prior December purchases to help get total material payments for January) Denver Corporation Cash Payments Schedule February March December January April May June Sales Purches Paytren la material purchase Montly labor com Month overhead Inherent experte Sales como por To ovo

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