%3Ctable%20align%3D%22default%22%26nbsp%3Bcellpadding%3D%220%22%26nbsp%3Bcellspa
ID: 2379934 • Letter: #
Question
%3Ctable%20align%3D%22default%22%26nbsp%3Bcellpadding%3D%220%22%26nbsp%3Bcellspacing%3D%220%22%26nbsp%3Bwidth%3D%22620%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B10pt%3B%26nbsp%3Bcolor%3A%26nbsp%3Brgb(0%2C%26nbsp%3B0%2C%26nbsp%3B0)%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B10pt%3B%26nbsp%3Bcolor%3A%26nbsp%3B%23000000%3B%22%26nbsp%3Bclass%3D%22mceItemTable%22%3E%3Ctbody%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctd%26nbsp%3Bwidth%3D%22100%25%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Bmiddle%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Bmiddle%3B%22%3E%3Cp%26nbsp%3Bstyle%3D%22margin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-bottom%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-bottom%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3EDiltex%26nbsp%3BFarm%26nbsp%3BSupply%26nbsp%3Bis%26nbsp%3Blocated%26nbsp%3Bin%26nbsp%3Ba%26nbsp%3Bsmall%26nbsp%3Btown%26nbsp%3Bin%26nbsp%3Bthe%26nbsp%3Brural%26nbsp%3Bwest.%26nbsp%3BData%26nbsp%3Bregarding%26nbsp%3Bthe%26nbsp%3Bstore's%26nbsp%3Boperations%26nbsp%3Bfollow%3A%3Cbr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3C%2Fp%3E%3C%2Ftd%3E%3C%2Ftr%3E%3C%2Ftbody%3E%3C%2Ftable%3E%3Cp%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BSales%26nbsp%3Bare%26nbsp%3Bbudgeted%26nbsp%3Bat%26nbsp%3B%24220%2C000%26nbsp%3Bfor%26nbsp%3BNovember%2C%26nbsp%3B%24200%2C000%26nbsp%3Bfor%26nbsp%3BDecember%2C%26nbsp%3Band%26nbsp%3B%24210%2C000%26nbsp%3Bfor%26nbsp%3BJanuary.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BCollections%26nbsp%3Bare%26nbsp%3Bexpected%26nbsp%3Bto%26nbsp%3Bbe%26nbsp%3B70%25%26nbsp%3Bin%26nbsp%3Bthe%26nbsp%3Bmonth%26nbsp%3Bof%26nbsp%3Bsale%2C%26nbsp%3B27%25%26nbsp%3Bin%26nbsp%3Bthe%26nbsp%3Bmonth%26nbsp%3Bfollowing%26nbsp%3Bthe%26nbsp%3Bsale%2C%26nbsp%3Band%26nbsp%3B3%25%26nbsp%3Buncollectible.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BThe%26nbsp%3Bcost%26nbsp%3Bof%26nbsp%3Bgoods%26nbsp%3Bsold%26nbsp%3Bis%26nbsp%3B65%25%26nbsp%3Bof%26nbsp%3Bsales.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BThe%26nbsp%3Bcompany%26nbsp%3Bdesires%26nbsp%3Bto%26nbsp%3Bhave%26nbsp%3Ban%26nbsp%3Bending%26nbsp%3Bmerchandise%26nbsp%3Binventory%26nbsp%3Bat%26nbsp%3Bthe%26nbsp%3Bend%26nbsp%3Bof%26nbsp%3Beach%26nbsp%3Bmonth%26nbsp%3Bequal%26nbsp%3Bto%26nbsp%3B50%25%26nbsp%3Bof%26nbsp%3Bthe%26nbsp%3Bnext%26nbsp%3Bmonth's%26nbsp%3Bcost%26nbsp%3Bof%26nbsp%3Bgoods%26nbsp%3Bsold.%26nbsp%3BPayment%26nbsp%3Bfor%26nbsp%3Bmerchandise%26nbsp%3Bis%26nbsp%3Bmade%26nbsp%3Bin%26nbsp%3Bthe%26nbsp%3Bmonth%26nbsp%3Bfollowing%26nbsp%3Bthe%26nbsp%3Bpurchase.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BOther%26nbsp%3Bmonthly%26nbsp%3Bexpenses%26nbsp%3Bto%26nbsp%3Bbe%26nbsp%3Bpaid%26nbsp%3Bin%26nbsp%3Bcash%26nbsp%3Bare%26nbsp%3B%2422%2C500.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BMonthly%26nbsp%3Bdepreciation%26nbsp%3Bis%26nbsp%3B%2419%2C000.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%25u2022%26nbsp%3BIgnore%26nbsp%3Btaxes.%3C%2Fspan%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cbr%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%22%3E%26nbsp%3B%3C%2Fspan%3E%3Cimg%26nbsp%3Bsrc%3D%22http%3A%2F%2Fezto.mhecloud.mcgraw-hill.com%2F13252699278621777384.tp4%3FREQUEST%3DSHOWmedia%26amp%3Bmedia%3Dimage030.png%22%26nbsp%3Balt%3D%22Picture%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Bmiddle%3B%22%26nbsp%3Bdata-mce-src%3D%22http%3A%2F%2Fezto.mhecloud.mcgraw-hill.com%2F13252699278621777384.tp4%3FREQUEST%3DSHOWmedia%26amp%3Bmedia%3Dimage030.png%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Bmiddle%3B%22%3E%3C%2Fp%3E%3Cp%3E%3Cspan%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bfont-size%3A%26nbsp%3B11.818181991577148px%3B%22%3EThe%26nbsp%3Bdifference%26nbsp%3Bbetween%26nbsp%3Bcash%26nbsp%3Breceipts%26nbsp%3Band%26nbsp%3Bcash%26nbsp%3Bdisbursements%26nbsp%3Bfor%26nbsp%3BDecember%26nbsp%3Bwould%26nbsp%3Bbe%3C%2Fspan%3E%3C%2Fp%3E%3Cdiv%26nbsp%3Bclass%3D%22rspStyle%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%26nbsp%3B0px%26nbsp%3B0px%26nbsp%3B0.15in%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%26nbsp%3B0px%26nbsp%3B0px%26nbsp%3B0.15in%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%3Ctable%26nbsp%3Bwidth%3D%22100%25%22%26nbsp%3Bcellspacing%3D%220%22%26nbsp%3Bcellpadding%3D%222%22%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B10pt%3B%26nbsp%3Bcolor%3A%26nbsp%3Brgb(0%2C%26nbsp%3B0%2C%26nbsp%3B0)%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bfont-size%3A%26nbsp%3B10pt%3B%26nbsp%3Bcolor%3A%26nbsp%3B%23000000%3B%22%26nbsp%3Bclass%3D%22mceItemTable%22%3E%3Ctbody%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctd%26nbsp%3Bwidth%3D%2250%22%26nbsp%3Bclass%3D%22mcCellR%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%3E%3Cinput%26nbsp%3Btype%3D%22RADIO%22%26nbsp%3Bname%3D%22Q_13252699097394361%22%26nbsp%3Bvalue%3D%223%22%26nbsp%3Bstyle%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3Brgb(224%2C%26nbsp%3B224%2C%26nbsp%3B224)%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3B%23e0e0e0%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%3C%2Ftd%3E%3Ctd%26nbsp%3Bclass%3D%22mcCell%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%2417%2C900%3C%2Ftd%3E%3C%2Ftr%3E%3Ctr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctd%26nbsp%3Bwidth%3D%2250%22%26nbsp%3Bclass%3D%22mcCellR%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%3E%3Cinput%26nbsp%3Btype%3D%22RADIO%22%26nbsp%3Bname%3D%22Q_13252699097394361%22%26nbsp%3Bvalue%3D%220%22%26nbsp%3Bstyle%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3Brgb(224%2C%26nbsp%3B224%2C%26nbsp%3B224)%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3B%23e0e0e0%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%3C%2Ftd%3E%3Ctd%26nbsp%3Bclass%3D%22mcCell%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%2422%2C500%3C%2Ftd%3E%3C%2Ftr%3E%3Ctr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctd%26nbsp%3Bwidth%3D%2250%22%26nbsp%3Bclass%3D%22mcCellR%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%3E%3Cinput%26nbsp%3Btype%3D%22RADIO%22%26nbsp%3Bname%3D%22Q_13252699097394361%22%26nbsp%3Bvalue%3D%221%22%26nbsp%3Bstyle%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3Brgb(224%2C%26nbsp%3B224%2C%26nbsp%3B224)%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3B%23e0e0e0%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%3C%2Ftd%3E%3Ctd%26nbsp%3Bclass%3D%22mcCell%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%2440%2C400%3C%2Ftd%3E%3C%2Ftr%3E%3Ctr%26nbsp%3Bstyle%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%26nbsp%3Bdata-mce-style%3D%22margin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%22%3E%3Ctd%26nbsp%3Bwidth%3D%2250%22%26nbsp%3Bclass%3D%22mcCellR%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Btext-align%3A%26nbsp%3Bright%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%22%3E%3Cinput%26nbsp%3Btype%3D%22RADIO%22%26nbsp%3Bname%3D%22Q_13252699097394361%22%26nbsp%3Bvalue%3D%222%22%26nbsp%3Bstyle%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3Brgb(224%2C%26nbsp%3B224%2C%26nbsp%3B224)%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22margin-top%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-right%3A%26nbsp%3B0px%3B%26nbsp%3Bmargin-left%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0px%3B%26nbsp%3Bcolor%3A%26nbsp%3Bblack%3B%26nbsp%3Bbackground-color%3A%26nbsp%3B%23e0e0e0%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%3C%2Ftd%3E%3Ctd%26nbsp%3Bclass%3D%22mcCell%22%26nbsp%3Bstyle%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%26nbsp%3Bdata-mce-style%3D%22font-family%3A%26nbsp%3BArial%2C%26nbsp%3BVerdana%2C%26nbsp%3BHelvetica%2C%26nbsp%3B'Arial%26nbsp%3BUnicode%26nbsp%3BMS'%3B%26nbsp%3Bmargin%3A%26nbsp%3B0px%3B%26nbsp%3Bpadding%3A%26nbsp%3B0.5em%26nbsp%3B0px%26nbsp%3B0px%3B%26nbsp%3Bvertical-align%3A%26nbsp%3Btop%3B%26nbsp%3Bfont-size%3A%26nbsp%3B9pt%3B%22%3E%2462%2C900%3Cbr%3E%3Cbr%3E%3C%2Ftd%3E%3C%2Ftr%3E%3C%2Ftbody%3E%3C%2Ftable%3E%3C%2Fdiv%3EExplanation / Answer
The easiest way for you to do this and understand it is to just take it step by step, month by month. I'll do January for you.
Cost of goods sold will be $6,000 (10,000 x 60%). You started with $3,500 so you need to purchase $2,500 more. You also need to purchase enough to meet the ending inventory requirement, which is $7,200 (24,000 x 60% x 50%). Since all purchases are paid for in the month of purchase, you can make the journal entry:
Dr Merchandise Inventory 9,700
Cr Cash 9,700
Since 60% of sales are in cash and the balance on credit, you can make the journal entry:
Dr Cash 6,000
Dr Accounts Receivable 4,000
Cr Sale 10,000
Just remember that the remainder of the accounts receivable will be collected in the following two months. This will mean debiting cash and crediting accounts receivable.
Variable operating expenses should be 10% of sales and are paid in the month incurred, so the journal entry would be:
Dr Operating Expenses 1,000
Cr Cash 1,000
The fixed expenses are $3,000 per month and they are all depreciation. So the journal entry would be:
Dr Depreciation Expense 3,000
Cr Accumulated Depreciation 3,000
Just do those journal entries for each month and add or subtract them from each of the accounts (don't forget the cash and merchandise inventory you started with). From that you should be able to figure out a budgeted balance sheet, accounts receivable, cash receipts, and cash disbursements for each month
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.