QUESTION 4Pasta Disasta, Inc. is preparing its master budget for its first quarter of business. It expects to sell 2,000 pizzas per month. It will purchase enough pizzas so that 100 pizzasare in inventory at all times. The pizza is expected to cost $4 per pizza. It expects to pay 70% in the month of purchase and the remainder in the following month. Calculatethe amount of budgeted purchases for its first quarter.

Pizzas sell = 2000 per month Inventory = 100 Pizzas Cost = $4 per pizza

Answered: The pizza is expected to cost $4 per p…

Business

Accounting

The pizza is expected to cost $4 per p urchases for its first quarter.

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

In the coming year, Concord, Inc. will be introducing its first product, a wrist brace that protects serious video gamers from repetitive- motion injuries. The brace will be sold for $13.00 to retailers throughout the country. All sales will be made on account. An expected 65% of sales will be collected within the quarter of the sale, and another 30% in the quarter following the sale. The remaining 5% of credit sales are expected to be uncollectible. The sales budget for the coming year is as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales units 29,000 41,000 57,000 77,000 Prepare Concord, Inc's cash receipts budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0. Round "Budgeted sale price" and "Cash Receipts Budgets" answers to 2 decimal places, eg. 52.75 and all other answers to 0 decimal places, e.g. 5,275.)
You want to save 10,000 for a down payment on a home by making regular monthly deposits over 4 years. Take the APR to be 7.5%. How much do you need to deposit each month?
You have an outstanding student loan with required payments of $500 per month for the next 4 years. The interest rate on the loan is 9.0% APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking at your budget, you can afford to pay an extra $200 a month in addition to your required monthly payments of $500, or $700 in total each month. How long will it take you to pay off the loan? (Note: Be careful not to round any intermediate steps less than six decimal places.) You can pay off the loan in months. (Round to two decimal places.) ←
You expect that you will need to replace your furnace in 4 years at a cost of $16,716. How much must you save, each month for 30 months, starting next month (the same amount each month) if your savings account pays 2.91% APR (compounded monthly)?
Navigator sells GPS trackers for $33 each. It expects sales of 3,387 units in quarter 1 and a 7% increase each subsequent quarter for the next 8 quarters. Calculate the total sales for the first four quarters (year 1). Round to the nearest penny, two decimal places.
A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3. The discount rate is 10%.
you have 23,000 car loan with 6% apr, compounded monthly. the loan is for five years. when you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? ( note: be careful not to round an intermediate step less than six) when you make your first payment $____ will go toward the principal of loan and $____ will go toward the interest ( round to the nearest cent)
Framing Art Inc. will need to purchase two new cashier machines in 3 years, at a cost of $ 137 each. A savings account pays 2% per year compounded quarterly. How much should Framing Art Inc. deposit now in this account to have the cash available in 3 years to pay cash for both machines?