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1. Budgeted sales for the first six months for Wardrope Corp. are listed below: JANUARY FEBRUARY MARCH APRIL MAY JUNE UNITS: 6,000 7,000 8,000 7,000
1. Budgeted sales for the first six months for Wardrope Corp. are listed below: JANUARY FEBRUARY MARCH APRIL MAY JUNE UNITS: 6,000 7,000 8,000 7,000 5,000 4,000 Wardrope Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month's budgeted sales. If Wardrope Corp. plans to produce 6,000 units in June, what are budgeted sales for July? 2. Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income
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