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21 is giving me trouble 20) Goliath Company prepared the following purchases budget: Budgeted Purchases $35,600 $42,500 Month une $39,600 259900 August September October All
21 is giving me trouble
20) Goliath Company prepared the following purchases budget: Budgeted Purchases $35,600 $42,500 Month une $39,600 259900 August September October All purchases are paid for as follows and 25% two months after purchase What are the tober for the purchase of merchandise? A) $39,905 B) $35,430 C)$45,330 D) $14,820 21) Warshaw Company budgets payroll at $3,600 per month plus a percentage of monthly sales. The 21) June operating expense budget includes total payroll of $i3.200 with budgeted sales of $160,000 Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at s95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purch the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July ases for If the percentage of monthly sales used in pudgeting payrollincreases 25, what would the total payroll budgeted for July be? A) $20,025 B) $14,400 C) $13,500 D) $17,100 22) Warshaw Company budgets payroll at $3,600 per month plus a percentage of monthly sales. The June operating expense budget includes total payroll of $13,200 with budgeted sales of $160,000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1,000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2,500 in equipment and $1,500 in furniture is expected in July. The luly payroll should be budgeted at A) $14,400 B) $15,300 C) $22,500 D) $13,200Step by Step Solution
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