Information is available for the hd sales company

Assignment Help Financial Accounting
Reference no: EM13963399

He following budget information is available for the HD Sales Company for January:

 

 

 

 

  Sales

$

320,000

 

  Freight out

$

.25

per unit sold

  Depreciation on Admin. Equipment

$

10,000

 

  Sales & Admin. Salaries

$

40,000

+2% of sales

  Advertising

$

12,000

 

  Depreciation on Manuf. Equip.

$

15,000

 

  Lease on Sales Building

$

45,000

 

  Miscellaneous Selling Expenses

$

5,000

 

 

 

Based on January sales of 20,000, the amount of HDC's expected cash outflow for selling and administrative expenses would be.

a. $123,400.

b. $131,250.

c. $113,400.

 

d. $128,400.

Reference no: EM13963399

Questions Cloud

At what frequency will the protons in hydrogen nuclei preces : Compute the ratio of the number of protons anti-parallel to those that are parallel to the field
Organizational changes to promote entrepreneurship : Identify a department issue observed in your current or prior work experience or a work related issue observed as a consumer. As a departmental manager who wants to encourage internal innovation, propose 3 organizational changes to promote intraprene..
Viking company purchased and installed carpet : Viking Company purchased and installed carpet in its new general offices on June 30 for a total cost of $15,000. The carpet is estimated to have a 12-year useful life and no residual value
Yield of the three month us treasury bill : A Company will receive 250,000 (GBP) in June. They are debating whether to enter into a three months future contract or do a synthetic forward. If the company decides to use futures contracts, how many contracts do they need to use?
Information is available for the hd sales company : budget information is available for the HD Sales Company for January
Using traditional project management : Your company has been using Traditional Project Management (TPM) methods for years, but is now looking into the possibility of adopting agile practices. Your boss has asked you to prepare a paper comparing TPM to agile practices and summarizing the b..
Acct problem : Explain ACCT problem in detail.
Cumulative gross earnings : cumulative gross earnings, including overtime pay, of $92,000 prior to this pay.
Point mutations are generally caused by a change : Point mutations are generally caused by a change in the single nucleotide, either by deletion, insertion or base change, in the DNA or RNA material; this is a change in the genetic material structure, the organism that is affected by the point mutati..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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