User Account

All Pages

Calculate amount of inventory purchased and paid for in sept

Assignment Help Accounting Basics
Reference no: EM132622498

Kunal Corporation had sales of $60,000 in August; $80,000 in September; $95,000 in October; $115,000 in November and $145,000 in December. Cost of goods sold has consistently been at 65% of sales. Additionally, Kunal had $45,000 worth of merchandise at the start of August and plans on having inventory on hand worth 20% of next month's cost of goods sold. If all inventory purchases are purchased and paid for in the current month, calculate the amount of inventory purchased and paid for in September.

Option A. $53,950

Option B. $64,450

Option C. $78,650

Option D. $84,150

Reference no: EM132622498

Questions Cloud

Define plan for communication of health promotion initiative : Discuss a plan for communication of the health promotion initiative you proposed within your community? Support your choices with evidence based practice.
Assessment on leadership style : Here is an assessment on Leadership Style. Please take this assessment and provide an analysis of the results.
Calculate and interpret the interquartile range for data : The owners of a new store want to understand the sales patterns of their customers. Calculate and interpret the interquartile range for this data
Search for the better capital projects : The search for the better capital projects for investing firm's capital is the essence of resource allocation and capital budgeting. The process of choosing
Calculate amount of inventory purchased and paid for in sept : Solve the amount of inventory purchased and paid for in September. Kunal Corporation had sales of $60,000 in August; $80,000 in September; $95,000
Discuss the website proposal with your classmates : Discuss the website proposal with your classmates as if they were the key stakeholders deciding to fund this support group. Support your choices with at least.
How each of the costs should be recorded : The vehicle, for a safety inspection, and for an annual insurance policy on the vehicle. Explain how each of these costs should be recorded and why.
In a capital-intensive plant than in a semiautomated plant : In a capital-intensive plant, than in a semiautomated plant. product quality is guaranteed to be greater./more of the costs are variable
Discuss your suggested changes and rationales for changes : Acting as a chairperson for the Navajo Adolescent Health Promotion Proposal discussed in Unit 4, construct a PowerPoint presentation that would focus on what.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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