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Determining the amount of expected inventory purchases ans cash payments:Brichem company , which sells electric razors had 260,000 of cost of good sold during the month of June. the company projects a 5 percent increase in cost of good sold during July. the inventory balance as of June 30 is $28,000 and the desired ending inventory balance for July is $29,000. Birchem pays cash to settle 70 percent of its purchases on account during the month of purchase and pays the remaining 30 percent in the month following the purchase. the accounts payable balance as of june 30 was 35,000. answer the following questions:A) determine the amount of purchases budgeted for July.B)determine the amount of cash payments budgeted for inventory purchases in July.
conan obrien logging and lumber company owns 3300 acres of timberland on the north side of mount leno which was
Classify the following costs as variable (V), fixed (F), or semivariable (S) in terms of their behavior with respect to volume or level of activity.
The company estimated a 10-year useful life for the patent and uses the straight-line amortization method for all intangible assets. In 2014, Vega spent $40,000 in legal fees for an unsuccessful defense of the patent. The amount charged to income ..
assume research in motion invested 834 million to expand its manufacturing capacity. assume that these assets have a
How long will this product be profitable? All the above estimates are in constant value dollars so that inflation has been accounted for. If the interest rate is 12%, what is the PW of this product?
a owns 25 of the stock in b corporation which earned 20000 in the current year. a also owns a 25 interest in a
During 2010, Gorilla Corporation has net short-term capital gains of $120,000. Net long-term capital losses of $365,000, and taxable income from other sources of $900,000. Prior year's transaction included the following:
Prepare Bond Amortization Schedules for both bonds using Straight-line and Effective Interest Method.
in this era of rapidly changing technology research and development rampd expenditures represent one of the most
you are a cpa with an office in nearlakes city and clients consisting primarily of professionals entrepreneurs and
A company enters into a futures contract with the intent of hedging an account payable of DM400,000 due on December 31. The contract requires that if the U.S. dollar value of DM400,000 is greater than $200,000 on December 31, the company will be r..
the city of bedford is studying a 600-acre site on route 356 for a new landfill. the startup cost has been calculated
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