User Account

All Pages

What is the desired ending inventory on may

Assignment Help Accounting Basics
Reference no: EM131609849

Question - Sander Enterprises prepared the following sales budget:

March - $8,000

April - $13,000

May - $12,000

June - $14,000

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What is the desired ending inventory on May 31?

A) $1,680

B) $1,440

C) $8,400

D) $1,120

Reference no: EM131609849

Questions Cloud

Which country should have the highest interest rate : Interest Rates Among Countries As of today, the interest rate in Countries X, Y, and Z, are similar.
What are the cash disbursements in october : Lough Company prepared the following purchases budget: What are the cash disbursements in October to account for the September purchases at Lough Company
What are the differences in strategy : Describe what are the differences in strategy/focus each company uses, the unique value each tries to communicate to customers
Reflect on the actions of mossad in the film munich : Is a nation state justified in its use of assassination as a tool of power? Reflect on the actions of Mossad in the film Munich.
What is the desired ending inventory on may : The expected gross profit rate is 40% and the inventory at the end of February was $10,000. What is the desired ending inventory on May 31
Explain what were the consequences of the misunderstanding : What were the consequences of the misunderstanding? How might the situation have been better if the person had practiced the principle of charity?
How can vogl co avoid such a risk : Assume that the Canadian dollar net inflows may range from C$20 million to C$40 million over the next year. Explain the risk of hedging C$30 million.
Describe the building : Describe the building. What is the overall architecture of the building like. What are the exhibition spaces like
Scenario using research from the csu-global library : Respond to the following scenario using research from the CSU-Global library. Include scholarly sources and use examples from our course material and follow CSU

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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