Winthrop Merchandising is preparing its budget for 2011 (its first year of operation). Sales for the year
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Winthrop Merchandising is preparing its budget for 2011 (its first year of operation).
Sales for the year are budgeted at $1,500,000; 20% are cash sales and 80% are credit sales.
The company expects to collect 60% of all credit sales in 2011.
Budgeted expenses are $1,200,000. These expenditures include $37,500 for depreciation and $745,500 for variable manufacturing overhead.
Given the information above, calculate total cash outflows for 2011 .
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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