ON0.A de part ment Store has budgard Jalesmen's surts in september. MManãament wantS tohave 6,00 Sasin a Nnter seasen. begainicg.12,000af the end ofltor the winter easn begaining.4he month toforinverery heWhat isprepae.Sept. is expeca Ď be 4 000surb.dollar amount of sas if eachhas a cost of $15.900,000B1,200,00O L050,000O 1,350, 0

Budgeted purchases = budgeted sales + desired ending inventory - beginning inventory = 12000 + 6000…

of A de pari ment Store has budgard sales mens surts in september, Managent wants to have 6,000 srts in nventory at the end t 4he month to prepae. tor the, winter easen bganing. invenory for Sept is expeca B be 4 000 surb. What is Thedollar amount of saf if each has a cost of $15. 900,000 B1,200,00 O1050,000 ® 1,350,000 12,000

of A de pari ment Store has budgard sales mens surts in september, Managent wants to have 6,000 srts in nventory at the end t 4he month to prepae. tor the, winter easen bganing. invenory for Sept is expeca B be 4 000 surb. What is Thedollar amount of saf if each has a cost of $15. 900,000 B1,200,00 O1050,000 ® 1,350,000 12,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Choose the best
The Xenopeltics Company estimates its requirement, which is 39,000 units semiannually at a price of $4 per unit. The carrying cost at 15% of the price and its ordering cost at $90 oer order. On a 360-day basis, determine the following:
The Sock company buys hiking socks for GHS6 per pair and sells them for GHs 10. Management budgets monthly fixed costs of GHS 12.000 for sales volume between O and 12,000 pairs. Required: Consider the following questions separately by using the foregoing information each time. 1. The Sock Company plans to advertise in hiking magazines. The advertising campaign will increase total fixed costs by GHS2,000 per month. Calculate the new breakeven point in units. 2. In addition to selling hiking socks, the Sock Company would like to start selling sports socks. The Sock Company expects to sell one pair of hiking socks for every three pairs of sports socks. The Sock Company will buy the sports socks for GHS 4 per pair and sell them for GHS 8 per pair. Total fixed costs will stay at GHS 12,000 per month. Calculate the breakeven point in units for both hiking socks and sports socks
please answer in 30 minutes.
A sales engineer of a lubricant comрany receives Ρhр 14,580.00 every month. A 9.5 % commission on his monthly sales of Ρhр 85,000.00 is his benefit. His sales last month was Ρhр 115,750.00 and this month is Ρhр 72,951.00.Comрute his two months earnings?
The monthly electricity bill for Company XYZ comprises of two components: a flat subscription fee of $450 per month and constant rate per kilo watt of $18. Assume that Company XYZ consumed 500 kilo watts during the month of December, how much the total electricity bill, in ($) value, for the month of December would be? Select one: O a. 950 O b. 500 O c. 9,450 O d. 9,000 O e. None of the given answers
The Xenopeltis Company estimates its requirement, which is 39,000 units semiannually at a price of $4 per unit. The carrying cost at 15% of the price and its ordering cost at $90 per order. On a 360-day basis, determine the following: How much is the annual requirement? A. 78,000 units B. Php 39,000 C. Php 78,000 D. 39,000 units E. 156,000 units
Dylon Shops estimates the average sales of production is RM30500 per month.The price of shirt is RM25, working time is between 8.30a.m until 12.30p.m. and 2.30p.m until 6.30p.m. for 24 hours working days in a month , calculate the number of tailors needed if one tailor can sew a shirt about 1.5 hours ?
A manufacturing company, VMTC PLC, makes the product, blitz. Monthly sales forthe first five months of 2022 have been estimated as: Month UnitsJanuary 210 000February 180 000March 210 000April 220 000May 200 000Additional Information:i. Actual units sold in 2021 November and December were 190 000 and 220 000,respectively.ii. One unit of blitz requires 2 kg of material at $3.50 per kg.iii. One unit of blitz requires half an hour of direct labour at a rate of $12 per hour.iv. Based on past experience, 60% of cash is received in the month of sale, 25% thefollowing month, 10% two months after and 5% is usually irrecoverable.v. Selling price is $18 per unit.vi. The company intends to have finished stock at the end of each month equivalent to15% of the following month’s budgeted sales.…
An investor buys 550 NFR common at $10 in January Year 1 and 210 NFR common at $15 in June of Year 2. What is the investor’s cost base for NFR? Show your work
A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer wants a 30% net profit based on the selling price. Find a) the breakeven selling price. b) the retail price. c) the gross profit.
Jenny Inc. has the following projected costs for the second quarter of 20YY: Projected Costs Expenses April May June Selling and marketing expenses (i) $200,000 $250,000 $300,000 Office Insurance expense (ii) 800 800 800 Office depreciation expense 500 500 500 Property tax expense (iii) 700 700 700 Jenny’s payment policy for selling and administrative expenses is as follows: Of the selling and marketing expenses, 50% is paid in the month they are incurred; the remaining 50% to be paid in the following month. The selling and admin expense payable at the end of March was $70,000, which represents 50% of March’s selling expenses. Insurance expense is $800 a month; however, the insurance is paid quarterly in the first month of each quarter, (i.e., in January, April, July, and October). Property taxes are paid once a year in December. The cash payments for selling and admin expenses projected in the month of April are: Group of answer choices None of the above $202,000…