Reference no: EM13140446
Gilbert Ortega operates a small boutique in Scottsdale, Arizona that sells Kachina dolls. Gilbert expects to generate revenues of $40,000, $50,000, and $60,000 during October, November, and December, respectively. Gilbert's cost of goods sold average 60 percent of revenues, and his budgeted marketing and administrative costs are $4,000, $6,000, and $5,000 for October, November, and December respectively.
Gilbert expects to receive 70% of his revenues in cash during the month of sale and 30% in the following month. Gilbert receives his dolls on consignment, with the purchase price being due at the time of the sale. Thus, Gilbert's cash outflow for goods sold equals his cost of goods sold. Finally, Gilbert pays for all marketing and administrative expenses in cash as they are incurred.
Prepare Gilbert's cash budget for November and December. Assume that Gilbert expects to have $16,000 in cash on November 1.
|
Find the probability a unit has less than three components
: Defective components in a unit? further what is the probability in a unit(i)less then 3 components are defective? (ii)exactly 3 components are defective?
|
|
Explain how the risk increase shareholders wealth
: Explain how the risk increase shareholders wealth
|
|
Auction results.xlsx
: Since we cannot contact the real estate agents to follow up on these errors, for the purpose of this assignment we will ignore them and work with the data set as best we can.
|
|
In which dna molecules will radioactivity be incorporated
: if dividing cell is labelled with 32P, in which DNA molecules will the radioactivity be incorporated during metaphase? After replication, in which DNA molecules will the radioactivity be present?
|
|
Marketing and administrative expenses
: Gilbert expects to receive 70% of his revenues in cash during the month of sale and 30% in the following month. Gilbert receives his dolls on consignment, with the purchase price being due at the time of the sale. Thus, Gilbert's cash outflow for ..
|
|
What is the organizational structure of walgreens?
: what is the organizational structure of Walgreens?
|
|
Religion in workplace today
: How many religious traditions are included among your co-workers, associates and/or customers and/or clients? Identify them. What impact do you see these religious traditions having on your personal relationship with them? Why?
|
|
Find probability that average score of golfers exceed value
: Standard deviation of 5. suppose 100 golfers played the course today. Find the probability that the average score of the 100 golfers exceeded 74.
|
|
Religion and philosophy
: Religion and philosophy both address many of the same questions. (Is there a god? Is man good or evil? etc) Both look for some form of enlightenment or ultimate truth. What is the difference in the approaches that these two disciplines take when i..
|