QUESTION 21 Use this information to answer the next several questions: Elon builds rocket shoes. His...

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QUESTION 21 Use this information to answer the next several questions: Elon builds rocket shoes. His anticipated units sold total 400 for January, 800 for February (increased due to Valentine's Day of course), and 500 in March. Elon tries to end each period with 10% of next month's anticipated sales already produced. Each pair of rocket shoes sells for $1,000 and costs Elon $200 to produce. Elon collects 40% of his sales in the month of the sale, and the remaining 60% in the following month. He pays his cost fully each month. Additionally, he begins January with 40 units already produced. How much cash will Elon pay for the cost of producing rocket shoes in January? QUESTION 21 Use this information to answer the next several questions: Elon builds rocket shoes. His anticipated units sold total 400 for January, 800 for February (increased due to Valentine's Day of course), and 500 in March. Elon tries to end each period with 10% of next month's anticipated sales already produced. Each pair of rocket shoes sells for $1,000 and costs Elon $200 to produce. Elon collects 40% of his sales in the month of the sale, and the remaining 60% in the following month. He pays his cost fully each month. Additionally, he begins January with 40 units already produced. How much cash will Elon pay for the cost of producing rocket shoes in January?

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Cash that Elon will pay for the cost of producing rocket shoes in January ... View the full answer