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Use the information below to answer the following question(s) .
Blaney Lumber's forecasted sales for April; May; June; and July are $200,000; $230,000; $190,000; and $240,000; respectively. Sales are 60% cash and 40% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $60,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 20% in the month of purchase and 80% in the following month.
-What is the balance of accounts payable on the Blaney Lumber's June 30 budgeted balance sheet?
Panic Attack
A panic attack is a sudden episode of intense fear or anxiety that triggers severe physical reactions when there is no real danger or apparent cause.
Posttraumatic Stress Disorder
A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.
Generalized Anxiety Disorder
A mental health disorder characterized by persistent and excessive worry about a number of different things.
Posttraumatic Stress Disorder
A mental health condition triggered by experiencing or seeing a terrifying event, characterized by flashbacks, severe anxiety, and uncontrollable thoughts about the event.
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