MondayTuesdayWednesdayThursdayFridayMonths 1-49,9129,38810,7349,7258,980Customer Complaints RecordedMonths 5-88,7348,1549,3789,2688,767Months 9-128,74410,26810,8259,2919,631 You are reviewing all customer complaints received in any one of your stores in a 12 month period. You want to know if there is a certain time of the working week in which you receive more complaints.please RANK the weekdays from the HIGHEST complaints reported to the LOWEST complaints reported for the last 8 months of the year.

1. Wednesday2. Thursday3. Tuesday4. Friday5. MondayExplanation:The given data isWeekdayMonths…

Answered: Monday Tuesday Wednesday Thursday…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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n 2 Feb. NI $1,876 -.... quarter of 2018: HOLLY COMPANY Budgeted Income Statement For the Quarter Ended March 31, 2018 Total March February Net Sales Revenue January $ 11,520 $ 29,120 (20% increase per month) $ 8,000 $ 9,600 Cost of Goods Sold (40% of sales) 11,648 3,840 4,608 3,200 Gross Profit 6,912 17,472 4,800 5,760 S&A Expenses 2,960 3,152 8,912 ($2,000 + 10% of sales) 2,800 Operating Income 3,760 8,560 2,000 2,800 Income Tax Expense (30% of operating income) 2,568 600 840 1,128 Net Income $ 1,400 $ 1,960 $ 2,632 $ 5,992 Holly Company is considering two options. Option 1 is to increase advertising by $700 per month. Option 2 is to use better-quality materials in the manufacturing process. The better materials will increase the cost of goods sold to 45% but will provide a better product at the same sales price. The marketing manager projects either option will result in sales increases of 30% per month rather than 20%. Requirements 1. Prepare budgeted income statements for both…
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Question 22 nts -/1 View Policies Current Attempt in Progress ns Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the months of June through October are: upport July June September October August $310,000 $330,000 $300,000 $280,000 Budgeted sales $260,000 Budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000 Customer amounts on account are collected 60% in the month of sale and 40% in the following month. . Cost of goods sold is 45% of sales. . Drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. How much cash is budgeted to be received during August? O $291,000. O $312,000. O $180,000. O $318,000. 8:5 11/2 bp nr ins prt sc delete home & Aock edsypea K ter r P CO
Exercise 14-7A (Algo) Preparing an inventory purchases budget LO 14-3 Rooney Company sells lamps and other lighting fotures. The purchasing department manager prepared the following inventory purchases budget Rooney's policy is to maintain an ending inventory balance equal to 20 percent of the following month's cost of goods sold. April's budgeted cost of goods sold is $82,000 Required a. Complete the inventory purchases budget by filling in the missing amounts b. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement c. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter Complete this question by entering your answers in the tabs below. Red A Rea B and C Complete the inventory purchases budget by filling in the missing amounts. Inventory Purchases Budget January February March 550,000 $ 62.000 $ 60.000 Budgeted cost of goods sold
ndow Help mework.pdf Aa v Question 5 You have been recently hired as general manager of Lucky's. It is September 1, and you must prepare the operating budget of this establishment for the first quarter of the upcoming calendar year, and submit it to the corporate office. Since you have been at the operation for only a month or so, you must rely solely on historical data. You gather sales reports and records for the months of January through August of the current year. Using the data provided, prepare the operating budget for Lucky's for the months of January through March of the upcoming year. Here is the information you determined from the most recent sales and costs records: Sales are 10 percent higher than those of the same month during the previous year. Food cost percentage is steady at 32 percent. Fixed labor costs are steady at $9,000 per month. Variable labor costs are 15 percent of sales. Occupancy costs will remain steady at $2,000 per month. Other controllable costs are…
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189 Exercise 5-11 William Go is the owner and manager of the Kentucky Company. He is in the process of preparing a budget for the first six months of 2021, Income statement estimates for each month are given below: Jan. Feb. May March P92,000 P82,000 P102,000 P146,000 P172,000 P188,000 P50,000 P46,000 P56,000 P68,000 P88,000 April June Sales Cost of sales P96,000 28,000 Expenses Depreciation Total 16,000 8,000 P74,000 P68,000 P80,000 P18,000 P14,000 14,000 8,000 16,000 8,000 24,000 10,000 P98,000 P122,000 P134,000 22,000 8,000 10,000 Net income P22,000 P48,000 P50,000 P54,000 in certain balance sheet accounts during each month. (decreases) are given below: During the six-month period, William anticipates the following changes The increases and March Accounts receivableP(6,000) P4,000 P12,000 Jan. Feb. May P(4,000) P6,000 P(8,000) (10,000) 16,000 (4,000) (4,600) April June Inventories 8,000 (8,000) 14,000 (6,000 ) Accounts payable 2,000 2,000 The cash balance on January 1, 2021 is…
PAGE 11 ACCOUNTING FOUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Widmer Company had gross wages of $200,000 during the week ended June 17. The amount of wages subject to social security tax was $200,000, while the amount of wages subject to federal and state unemployment taxes was $30,000. Tax rates are as follows: General Journal a. Journalize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17. Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $40,500. General Journal Instructions Required: a. Journalize the entry to record the payroll for the week of June 17. b. Journalize the entry to record the payroll tax expense incurred for the week of June 17 1 2 4 DATE DESCRIPTION 5 9 7 B 9 10 JOURNAL
11. The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on all sales they make. Find the amount of commission and gross earnings for these employees. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Sales for the Week Name Commission Gross Earnings Tina Valendez $2,392.50 $4 Jan Yarrow $3,480.75 2$ $4
TB 03-70 Company A receives $10,000 in advance this m... Company A receives $10,000 in advance this month for work to be performed next month. This month, the company should: Multiple Choice Debit Accounts Payable $10,000 and credit Cash $10,00. Debit Inventory $10,000 and credit Sales Revenue $10,000. Debit Cash $10,000 and credit Deferred Revenue $10,000. Debit Inventory $10,000 and credit Accounts Payable $10,000.

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