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Use the following information for the next 5 questions.
Kelita, Inc., projects sales for its first three months of operation as follows: Inventory on October 1 is $40,000. Subsequent beginning inventories should be 40% of that month's cost of goods sold. Goods are priced at 140% of their cost. 50% of purchases are paid for in the month of purchase; the balance is paid in the following month. It is expected that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale, and the balance the third month. A 5% discount is given if payment is received in the month following sale.
-What is the projected cost of goods sold for October?
Positive Business Email
An email written in a professional tone, aiming to convey optimistic or affirmative messages within a business context.
Business Email
A form of electronic communication typically used for professional or commercial purposes, such as sharing information, conducting transactions, or making inquiries.
Goodwill Ending
The positive and optimistic conclusion of a communication or business correspondence, aimed at leaving a favorable impression.
Informative Messages
Communications designed to provide essential information to a specific audience.
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