Clipboard office supply sales in april 50000 sales in may

Reference no: EM13602036

Clipboard Office Supply sales in april: 50,000, sales in may: 51,000, sales in june: 52,200 Clipboard maintains inventory of 9,000 plus 25% of the sales revenue budgeted for the following month. monthly purchases average 50% of sales revenue in that same month. actual inventory on april 30 is 13,000. sales budgeted for july are 65,000. monthly salaries amount to 3,000. sales commissions=4% of sales for that month. combine salaries & commissions into a single figure. other monthly expense: rent expense (2,600 paid as incurred), depreciation expense (300), insurance expense (200, expiration of prepaid amount), income tax (20% of operating income).prepare a budgeted income statement for May.

Reference no: EM13602036

Questions Cloud

Determine the standard direct materials cost per unit of : the following data relating to direct materials cost for november of the current year are taken from the records of tot

A company is considering purchasing a machine that costs : a company is considering purchasing a machine that costs 320000 and is estimated to have no salvage value at the end of

If the firm is evaluating a new investment project that has : organic produce corporation has 7.5 million hsares of common stock outstanding 500000 shares of 7 percent preferred

Three point charges lie along a straight line as shown in : three point charges lie along a straight line as shown in the figure below where q1 6.36 microc q2 1.46 microc and q3

Clipboard office supply sales in april 50000 sales in may : clipboard office supply sales in april 50000 sales in may 51000 sales in june 52200 clipboard maintains inventory of

A projectile is fired at an angle of 62deg from the : a projectile is fired at an angle of 62deg from the horizontal with a velocity of 704 ftsec. if it lands 4.75 seconds

Determine the direct materials quantity variance for batch : h.j. heinz company uses standards to control its materials costs. assume that a batch of ketchup 1500 pounds has the

A normal distribution has a mean of 25 and a standard : a normal distribution has a mean of 25 and a standard deviation of 3. find the value above which there is a .70

What is the tension on the right rope book answer is 25n : consider a mass of 20kg on the left and another 10kg on the right connected by a rope and being pulled to the right

User Account

All Pages