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Assume a merchandising company's estimated sales for January, February, and March are $118,000, $138,000, and $128,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $42,700 O $48,300 $49,340 $39,900

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Assume a merchandising company's estimated sales for January, February, and March are $107,000, $ 127,000, and $117,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. It pays for 20% of its merchandise purchases in the month of the purchase and the remaining 80% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice $68,280 $65, 280 $71,280 $70,280

Assume a manufacturing company,s estimated sales for january,febuar and march are 1,00,000 , 1,20,000 , 1,10,000 respectively.the cost of goods sold is always 40 % of its sales.the company always maintains ending merchandise inventory equal to 10%of next motn cost of goods sold.it pays for 25% of its merchandise purchase in the month of the purchase and remaining 75%in the subsequent month .What is the account payable balance at the end of febuary? please proper explantion thnx

Subject: acounting

Assume a merchandising company’s estimated sales for January, February, and March are $118,000, $138,000, and $128,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month’s cost of goods sold. It pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. What is the accounts payable balance at the end of February? Multiple Choice   $32,025   $33,205   $11,900   $35,700

Assume a merchandising company’s estimated sales for January, February, and March are $105,000, $125,000, and $115,000, respectively. Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 10% of next month’s cost of goods sold. What are the required merchandise purchases for January?

Given solution general accounting

Problem 2 Abner Company has an annual demand of 13,000 urits of Material A. The cost per unit is P14. The order cost is P200 per order, and the annual inventory carrying cost per unit is P5.20. Assume that the units will be required evenly throughout the year. Required: Compute for the following: a. Economic order quantity b. Number of orders in a year. c. Average inventory based on economic order quantity. d. Total carrying cost and total ordering costs at economic order quantity.

Saved Assume a merchandising company's estimated sales for January, February, and March are $111,000, $131,000, and $121,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. It pays for 20% of its merchandise purchases in the month of the purchase and the remaining 80% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice O $72,680 $73,680 $70,680 $67,680 Help Save & Exit Submi

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Problem 4 ECONOMIC ORDER QUANTITY. Luster Corporation presents the following data: Usage is 400 units per month, cost per order is $20, and carrying cost per unit is $6. Given these data, answer the following questions: (a) What is the economic order quantity? (b] How many orders are required each month? (©) How often should each order be placed? (d) How much is the total cost of inventory?