Computing budgeted purchases for fourth quarter

Assignment Help Accounting Basics

Reference no: EM13140852

A Company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September 30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter should be:

Reference no: EM13140852

Questions Cloud

Find the proportions of consumption spending : Find the proportions of consumption spending and investment spending in US GDP. What proportion of US GDP is comprised of wages. The information can be found at the BEA website.

How much will you have in account in years : Golden Door Credit Bank if offering a 9.3% compounded daily on its savings accounts. If you deposit $4,500 today, how much will you have in the account in 5/10/20 years?

States the purpose of the essay : States the purpose of the essay which is to discuss and explore the vital role a teacher holds in scaffolding a child's learning within a Play Based Curriculum. It also states what context will be focussing on (Early Childhood) and that the theorists..

Explain comunication technology : When a square wave with a fundamental frequency of 2khz and amplitude 5v and comprised of up to five odd harmonic (each successive odd harmonic having half the amplitude of its predecessor) is passed though a standard telephone line of bandwidth o..

Computing budgeted purchases for fourth quarter : A Company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September 30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter..

What is probability that they have a son who is color blind : A husband and wife have normal vision although both of their fathers are red green color blind. This trait is an x-linked recessive condition. What is the probablility that they have a daughter who is color blind? What is the probability that they..

Why are companies required to prepare a statement of cash : Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

Amount of depreciation needs to be recaptured : The factory building was transferred to his son, John, as an inheritance at the time of wade's death and John sells it immediately after inheriting it at a gain of $30,000 based on the original cost. What amount of depreciation needs to be recaptu..

What influence did women have in the new testament : what influence did women have in the new testament

User Account

All Pages