Solution-What brownsville budgeted operating income for may

What brownsville budgeted operating income for may is

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Reference no: EM132758147

Brownsville Novelty Store prepared the following budget information for the month of May:

Sales are budgeted at $360,000.

All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month.

Inventory was $84,000 on April 30; an inventory increase of $12,000 is planned for May 31.

All inventory is marked to sell at cost plus 50 percent.

Estimated expense for selling and administrative expenses for the month are $48,000.

Depreciation for May is projected at $6,000.

Problem 1: Brownsville's budgeted operating income for May is

Reference no: EM132758147

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What brownsville budgeted operating income for may is

Reference no: EM132758147

Reference no: EM132758147

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