Accounting Homework Help
Question 1: Year 1 Year 2 Year 3 Year 4
Sales and Cash collection
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Estimate the Purchase and Disbursements Schedules for four years based on the following assumptions: • Unit Sales Price is a 40% markup on the Unit Cost of Goods Sold. • You plan to hold Inventories equal to 110% of your estimate for next year’s Sales. • You pay for 90% of Purchases in the year in which they were purchased and the remainder in the following year. • Inventory at the beginning of the First Year is $1,000,000
