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generally occurred during September or October of each year.
Accordingly, they generally made their final payments for grapes
purchased during either the year of purchase or the first quarter
of the following calendar year. During 1989 and 1990, unrelated
buyers paid for their grape purchases before the end of those
years. Vineyards made sales to unrelated buyers in the following
amounts from 1981 through 1990:
Year Amount
1981 $121,349
1982 331,539
1983 104,076
1984 152,983
1985 152,584
1986 189,365
1987 114,385
1988 122,236
1989 122,078
1990 31,486
The following table summarizes the relative amounts of the
purchase price of grapes received by Vineyards from unrelated
buyers during the year of sale and the subsequent year:
Year of Percentage Received-- Percentage Received--
Sale Year of Sale Subsequent Year
1981 17 83
1982 11.6 88.32
1983 21.4 78.6
2 A portion of the amount due Vineyards was not paid until
after 1983.
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Last modified: May 25, 2011