Sophie Corporation is a wholesaler of industrial goods. Sophie purchases 40% of its industrial goods in the month prior to the sale and 60% in the month of the sale. Sophie's cost of goods sold is 75% of sales. Sophie budgeted sales of industrial goods are: November $135,000 December $150,000 January $125,000 What is the dollar value of Sophie purchases in November and December? Sophie purchases all its industrial goods on credit. Sophie pays for 40% of its purchases in the month of the purchases and 60% in the month following the purchases. Based on your answer to question 3, what are Sophie budgeted cash disbursements (or cash payments) to the manufacturer of the industrial goods in December?
Sophie Corporation is a wholesaler of industrial goods. Sophie purchases 40% of its industrial goods in the month prior to the sale and 60% in the month of the sale. Sophie's cost of goods sold is 75% of sales. Sophie budgeted sales of industrial goods are:
November $135,000
December $150,000
January $125,000
What is the dollar value of Sophie purchases in November and December?
Sophie purchases all its industrial goods on credit. Sophie pays for 40% of its purchases in the month of the purchases and 60% in the month following the purchases. Based on your answer to question 3, what are Sophie budgeted cash disbursements (or cash payments) to the manufacturer of the industrial goods in December?
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