Busybody company expects its november sales

Assignment Help Managerial Accounting
Reference no: EM13973899

1. BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases are paid 40% in the month of purchase and 60% in the following month. The cash balance on November 1 is $13,500. The cash balance on November 30 will be

A) $4,100.

B) $53,600.

C) $67,100.

D) $40,100. 

Reference no: EM13973899

Questions Cloud

Explores the relationship between sound, place, and memory : Image Adaptation Project: For this project, you will be selecting an iconic image or logo that is associated with a particular place. Using Photoshop, you must create at least three different adaptations of this image or logo.
Debates about the meaning of the second amendment : Modern debates about the meaning of the Second Amendment have focused on whether it protects a right of individuals to keep and bear arms or, instead, a right of the states to maintain militia organizations like the National Guard (www.heritage.or..
What are the cash collections budgeted for june : What are the cash collections budgeted for June?A) $150,500B) $193,500C) $123,500D) $204,000
Stages of the criminal trial : From the first e-Activity, select one of the stages of the criminal trial. Discuss two of the procedures that you believe comprise the most important stage in the criminal process. Provide a rationale for your response
Busybody company expects its november sales : BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November.
What are the main goals of a fusion center? : Why were Fusion Centers created? What are the main goals of a Fusion Center? Which one do you think is most important? Why? What is different and important about the staffing of Fusion Centers that proponents say make them effective

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd