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Question - Purchases budget
Brooklyn Furniture, a retail store, has an average gross profit ratio of 46%. The sales forecast for the next four months follows:
July - $250,000
August - 220,000
September - 310,000
October - 400,000
Management's inventory policy is to have ending inventory equal to 300% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at June 30 will be $410,000.
Required: Calculate the purchases budget, in dollars, for the months of July and August.
excel learning systems inc. was organized on september 30 2014. projected selling and administrative expenses for each
All the debentures were fully subscribed and allotted. Application and Allotment money were received on 8th and 12th July1990 respectively. You are required to make entries in thebooks of the company.
What are the three ways that other comprehensive income may be displayed (reported)?
The expected returns are 9% and 12%, respectively. The volatility of A is 10%. The risk free rate is 3%. What is the volatility of B?
1. adam borrows 4500 at 12 percent annually compounded interest to be repaid in four equal annual installments. the
on june 20 2004 she transferred all of her savings 30000 to a new bank account with the company name and two days later
Welcome to the University of Namibia and to the Centre for Open, Distance and eLearning in particular. We hope your studies will be rewarded with success.
Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April. Determine the cost per unit for Jobs 50 and 51 at the end of April.
in its first year of operations cope company earned 28000 in service revenue 6000 of which was on account and still
the austin land co sold lanbd for 85.000 in cash. the land was originally purchased for 65000 and at the time of sale
historical cost accounting is required gaap. therefore you first need to define those assets that can be reported at
overhead applied to jobs during the period was 270000. actual overhead costs incurred were 268000. budgeted overhead
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