Question: Data for RelyaTech Corp., a large merchandiser, is below: - Sales are budgeted at $293,000 for November, $313,000 for December, and $213,000 for January. -


Data for RelyaTech Corp., a large merchandiser, is below: - Sales are budgeted at \$293,000 for November, $313,000 for December, and $213,000 for January. - Collections are expected to be 65% in the month of sale and 35% in the month following the sale. - The cost of goods sold is 80% of sates - Relyafech desires to have an ending merchandise inventory at the end of each month equal to 70% 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 pald in cash are $21,400. - Wonthity deprection is $22.500. - Ignore tones. - (10.33628) Q) What are the accounts payable for RelyaTech at the end of December? Multiple Choice $250,400 $119.280 $75,120 $194,400
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