Question: Dato for Relyatech Corp., a large merchandiser, is below: - Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January -

 Dato for Relyatech Corp., a large merchandiser, is below: - Sales
are budgeted at \$305,000 for November, $325,000 for December, and $225,000 for

Dato for Relyatech Corp., a large merchandiser, is below: - Sales are budgeted at \$305,000 for November, $325,000 for December, and $225,000 for January - Collections are expected to be 65% in the month of sale and 35% in the month following the safe. - The cost of noods soid is 80% of totes. - RelyaTech desires to have an ending merchandise imventory 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 paid in cash are $22,600 - Monthily deprectation is 528,500 - Infiore taxes - (10/67076) O) What is the cast of December merchandise purchases for Relyatech? Muttiple Choice $260,000 $204,000 $126.000 $244,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!