User Account

All Pages

What is the desired inventory for september

Assignment Help Accounting Basics
Reference no: EM131877225

Question - Company A, a merchandising firm, has budgeted sales for the third quarter of the year:

July: 80,000

August: 90,000

September:70,000

Cost of goods sold equals 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the cost of goods sold for the following month. The inventory on June 30th is less than this ideal since it is only 65,000. The company is now preparing a merchandise budget.

Calculate the following:

What are the budgeted purchases for July?

What is the desired inventory for September?

Reference no: EM131877225

Questions Cloud

Performed special psychological tests : 1. An alien empire is considering taking over planet Earth, but they will only do so if the portion of rebellious humans is less than 10%.
Determine the total and annualized differential income : Determine the total and annualized differential income or loss anticipated from replacing the old machine. Enter all amounts as positive numbers
Total cholesterol levels of a sample of men : The total cholesterol levels of a sample of men aged? 35-44 are normally distributed with a mean of 219 milligrams per deciliter and a standard deviation
What are your thoughts about the assumption : What are your thoughts about the assumption that training programs need to be designed so that students can learn a good deal more about themselves.
What is the desired inventory for september : The inventory on June 30th is less than this ideal since it is only 65,000. What is the desired inventory for September
What the leader states is then passed as the directives : You are part of a team made up of the warden and assistant wardens of a medium-to-large close-security prison.
Linear correlation between the two variable : 1. Using the data given below, calculate the linear correlation between the two variables x and y.
Calculate the total change in net income : Xu Company is considering replacing one of its manufacturing machines. Calculate the total change in net income if Alternative A is adopted
Why was jamestown a successful business endeavor : By about 1618 to 1620, was Jamestown a successful business endeavor? Why or why not? Recount the story of Jamestown's founding in 1607.

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