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Question 23 ncements -/1 sions View Policies rences Current Attempt in Progress orations Swifty Corporation reported the following information for 2016: PLUS Support October November December Central $370000 $340000 $450000 Budgeted sales Budgeted purchases $140000 $156000 $198000 e 365 es All sales are on credit. a Customer amounts on account are collected 50% in the month of sale and 50 % in the following month. Cost of goods sold is 35% of sales. Swifty purchases and pays for merchandise 60% in the month of acquisition and 40 % in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during November? O $395000 O $170000 O $355000 O $340000 8:57 PM ) 11/27/2019 (? search hp s end prt sc clelete & backspace lock 8 R 4 anter K G sed tri ey utNE gna Σ I

Question 23 ncements -/1 sions View Policies rences Current Attempt in Progress orations Swifty Corporation reported the following information for 2016: PLUS Support October November December Central $370000 $340000 $450000 Budgeted sales Budgeted purchases $140000 $156000 $198000 e 365 es All sales are on credit. a Customer amounts on account are collected 50% in the month of sale and 50 % in the following month. Cost of goods sold is 35% of sales. Swifty purchases and pays for merchandise 60% in the month of acquisition and 40 % in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during November? O $395000 O $170000 O $355000 O $340000 8:57 PM ) 11/27/2019 (? search hp s end prt sc clelete & backspace lock 8 R 4 anter K G sed tri ey utNE gna Σ I

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.4.2MBA
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Question 23 ncements -/1 sions View Policies rences Current Attempt in Progress orations Swifty Corporation reported the following information for 2016: PLUS Support October November December Central $370000 $340000 $450000 Budgeted sales Budgeted purchases $140000 $156000 $198000 e 365 es All sales are on credit. a Customer amounts on account are collected 50% in the month of sale and 50 % in the following month. Cost of goods sold is 35% of sales. Swifty purchases and pays for merchandise 60% in the month of acquisition and 40 % in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during November? O $395000 O $170000 O $355000 O $340000 8:57 PM ) 11/27/2019 (? search hp s end prt sc clelete & backspace lock 8 R 4 anter K G sed tri ey utNE gna Σ I
Transcribed Image Text:Question 23 ncements -/1 sions View Policies rences Current Attempt in Progress orations Swifty Corporation reported the following information for 2016: PLUS Support October November December Central $370000 $340000 $450000 Budgeted sales Budgeted purchases $140000 $156000 $198000 e 365 es All sales are on credit. a Customer amounts on account are collected 50% in the month of sale and 50 % in the following month. Cost of goods sold is 35% of sales. Swifty purchases and pays for merchandise 60% in the month of acquisition and 40 % in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during November? O $395000 O $170000 O $355000 O $340000 8:57 PM ) 11/27/2019 (? search hp s end prt sc clelete & backspace lock 8 R 4 anter K G sed tri ey utNE gna Σ I
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