How do you calculate the budget cost of goods sold

Assignment Help Financial Management
Reference no: EM132316577

Inventory purchases budget:

 

January

February

March

Quarter

Budgeted cost of goods sold

2,40,000

3,60,000

1,80,000

7,80,000

Add desired ending inventory

90,000

45,000

30,000

30,000

Total needs

3,30,000

4,05,000

2,10,000

8,10,000

Less beginning inventory

60,000

90,000

45,000

60,000

Required purchases

2,70,000

3,15,000

1,65,000

7,50,000

How do you calculate the budget cost of goods sold, desired ending inventory, less beginning inventory and required purchases.

Reference no: EM132316577

Questions Cloud

Discuss 5 audit procedures performed during the completion : Discuss 5 audit procedures performed during the completion of the audit phase that you would perform pertaining to contingent liabilities for TL.
Focus on industries when examining globalization : Why is important to focus on industries when examining globalization? Develop a listing of generic elements of a global industry (e.g., global customers).
How does China influence European economies : Questions for the course "External Dimension of the EU Performance" - How does China influence European economies? Is it a threat, a challenge or an opportunity
Social media on the quality of organizational communications : Managerial communications make a report about what is the impact of social media on the quality of organizational communications.
How do you calculate the budget cost of goods sold : How do you calculate the budget cost of goods sold, desired ending inventory, less beginning inventory and required purchases.
Provide a precise definition for human capital : Provide a precise definition for "human capital". What organization actions might further improve the value of human capital?
Factors which might contribute to this cluster of complaints : Discuss the various factors which might contribute to cluster of complaints. What steps would you take in investigating the cause or causes
Develop an analysis of how financial management techniques : Using both categories of risk, develop an analysis of how financial management techniques or policies can be used to mitigate each of the risks.
Considering opening satellite urgent care : Your hospital is considering opening a satellite urgent care center about five miles from your main campus.

Reviews

Write a Review

Financial Management Questions & Answers

  Corresponding characteristics of individual securities

The variance and standard deviation of a portfolio (E) (are / are not) equal to weighted averages of the corresponding characteristics of individual securities.

  Making payments late to card that has introductory rate

Select the most likely consequence of making payments late to a card that has an introductory rate.

  Explain the bernard madoff fraud scheme

Explain the Bernard Madoff fraud scheme. What actions should or could have been taken to stop Madoff?

  What is your portfolio return

At the beginning of the month, you owned $4,900 of News Corp, $8,800 of First Data, and $6,300 of Whirlpool. What’s your portfolio return?

  Sells a bond to the iron bank of bravos

Jaime sells a bond to the Iron Bank of Bravos for 18,000 golden crowns at an interest rate of 17%.  Twenty years later, the bank demands repayment in full. Since Jaime has never paid any interest, how much does Jaime owe?

  Calculate the percentage change in operating income

Calculate the percentage change in operating income and compare it with the percentage change in sales.

  Issue of preferred stock outstanding that pays

Rabie, Inc., has an issue of preferred stock outstanding that pays a $5.80 dividend every year, in perpetuity. Required: If this issue currently sells for $80.50 per share, what is the required return?

  Interest rate risk of coupon bond is higher when bond

Holding other factors constant, the interest rate risk of a coupon bond is higher when the bond's:

  Discuss net present value method used in capital budgeting

Discuss the net present value method used in the capital budgeting decision.

  What is the pound per dollar exchange rate

If the exchange rate between the U.S. dollar and the British Pound is $1.66 per Pound, then what is the Pound per dollar exchange rate?

  Firms management feels that dividend will remain constant

The firms management feels that the dividend will remain constant.

  Mathematical discovery of all time was compound interest

Albert Einstein once remarked that the greatest mathematical discovery of all time was compound interest.

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!

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