FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. A company manufactures its products the month before they're sold and pays for all materials in the month of purchase. If sales of $6.5

image text in transcribed
image text in transcribed
5. A company manufactures its products the month before they're sold and pays for all materials in the month of purchase. If sales of $6.5 million are expected in September and the company pays 48 percent of sales in material costs, then what's the materials cash disbursement in August? A. $140,242 B. $136,821 C. $138,464 D (1 17 568

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Financial Accounting

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

12th edition

134725980, 9780134726656 , 978-0134725987

More Books

Students also viewed these Accounting questions

Question

★★★★★
Oakley, Inc., reported the following items in its financial statements. For each item, indicate (1) the type of account (A = asset, L = liability, SE = stockholders equity, R = revenue, E = expense,...

Answered: 1 week ago

Question

★★★★★
If the activity level increases, what happens to the total variable cost? It decreases. It increases. It depends on how much the activity level increases. It remains the same

Answered: 1 week ago

Question

★★★★★
Let r(p) = r(p, p,..., p). Show that if r(p0) = p0, then r(p) p for p p0 r(p) p for p p0 Hint: Use Proposition 9.2.

Answered: 1 week ago

Question

★★★★★
Ernst and Anderson, CPAs, are preparing their service revenue (sales) budget for the coming year (2012). The practice is divided into three departments: auditing, tax, and consulting. Billable hours...

Answered: 1 week ago

Question

★★★★★
On May 1, 2018, Kirmer Corporation purchased $906,000 of 14% bonds, interest payable on January 1 and July 1, for $854,100 plus accrued interest. The bonds mature on January 1, 2024. Amortization is...

Answered: 1 week ago

Question

★★★★★
Custom Uniforms produces uniforms. The company allocates manufacturing overhead based on the machine hours each job uses. Custom Uniforms reports the following cost data for the past year: (Click the...

Answered: 1 week ago

Question

★★★★★
Number 8: cash inflows are as follows: (Click the icon to view the expected net cash inflows.) Read the requirements. IRR calculations to two decimal places, X.XX\%.) The NPV (net present value) of...

Answered: 1 week ago

Question

★★★★★
Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★
Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

Answered: 1 week ago

Question

★★★★★
1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

Answered: 1 week ago

Question

★★★★★
In 2001, a commercial aircraft lost all power while flying at 10,000 m over the Atlantic Ocean, about 100 km from the Azores Islands. The skilled pilot put the plane into a gliding mode and...

Answered: 1 week ago

Question

★★★★★
Domino's Pizza franchises in New York were sued by the state of New York in 2016for wage theft at 10 stores.Under New York law, a corporation and a franchiser are joint employers if they meet certain...

Answered: 1 week ago

Question

★★★★★
The service center at a large automobile dealership is trying to boost revenue by providing 'no appointment necessary' oil changes to any type of vehicle that stops by the service center. To quickly...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts:

Answered: 1 week ago

Question

★★★★★
1. To provide an understanding of how emotions are regulated by the development of relationships between actors in a communication situation.

Answered: 1 week ago

Question

★★★★★
Positive effect on trusting others, and also improvements in the final results.

Answered: 1 week ago

Previous Question Next Question