Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

A Company forecasts sales of $150,000 for the quarter ended December 31. Its gross profit rate is 19% of sales, and its September 30 inventory

A Company forecasts sales of $150,000 for the quarter ended December 31. Its gross profit rate is 19% of sales, and its September 30 inventory is $38,000. If the December 31 inventory is targeted at $14,000, budgeted purchases for the fourth quarter should be: $97,500 $173,500 $0 $145,500 $149,500

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

Step: 3

blur-text-image

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

Money Laundering Prevention Deterring Detecting And Resolving Financial Fraud

Money Laundering Prevention Deterring Detecting And Resolving Financial Fraud

Authors: Jonathan E. Turner

1st Edition

0470874759, 978-0470874752

More Books

Students also viewed these Accounting questions

Question

★★★★★

a. How did options dealers in nineteenth- century London approach options writing? b. How did it compare with options writers in New York City during the same period? c. Describe three probable...

Answered: 1 week ago

Question

★★★★★

2. List five points that are crucial to pay attention to if you want to positively influence someone from a foreign culture.

Answered: 1 week ago

Question

★★★★★

3. It is known that 80% of all brand A DVD players work in a satisfactory manner throughout the warranty period (are successes ). Suppose that n 10 players are randomly selected. Let X the number...

Answered: 1 week ago

Question

★★★★★

Using Return Distributions suppose the returns on long-term corporate bonds are normally distributed. Based on the historical record, what is the approximate probability that your return on these...

Answered: 1 week ago

Question

★★★★★

I need to know more about difference between ABC and TBAC. Activity - based costing ( ABC ) is often thought of quite complex and difficult to implement. A further innovation has been the development...

Answered: 1 week ago

Question

★★★★★

looking for C-E of the last picture Knights, Inc., is an Agritourism Operations in Terra Alta, West Virginia. The following Trail Balance was prepared by Dee Knights for the Business, dated...

Answered: 1 week ago

Question

★★★★★

In "The New Momism," Susan Douglas and Meredith Michaels chart a "set of ideals, norms, and practices" that have emerged and gained in strength since the 1980s. Propagated in large part by mainstream...

Answered: 1 week ago

Question

★★★★★

getBarbrood ustuprates of bloq mont triog rose heyro 11. Eliminate the parameter from the parametric equations - x(t)=t 1, y(t) = log(2t). (OS)=(S)

Answered: 1 week ago

Question

★★★★★

6. What resources are available to the front office manager? Rank the importance of these resources in providing service to guests and supervising employees. 7. How does the front office manager...

Answered: 1 week ago

Question

★★★★★

Choose a local or international organisation with which you are familiar. All of your answers must be based on this organisation. You must be able to easily obtain the required background information...

Answered: 1 week ago

Question

★★★★★

Paul, Sarker, and Essam (2016) identified four types of supply chain disruption risks. Based on course readings and your experience, in 3/4 paragraphs, address the following: Which are the greatest...

Answered: 1 week ago

Question

★★★★★

It contained the correct shower gels, but not the correct body lotions. Instead of Jasmine and Ocean Mist, you received Country Rose and Citrus Breeze. File an e-mail claim with Soft n Glow, your...

Answered: 1 week ago

Question

★★★★★

You work for a company that owns several office buildings in your town. Your employers have decided to change all locks in their buildings from key to card access. Notify the tenants of each building...

Answered: 1 week ago

Question

★★★★★

For the past six years, Jet Printing has had a display at the regional business expo. Because booth spaces are assigned on a first-come, first-served basis, you always reserve your space and send...

Answered: 1 week ago

Previous Question Next Question