Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 07, 2024

An entity projected the following sales: Budgeted Month Sales $421000 January February 361000 March 461000 April 495000 The entity's gross profit rate is 40%. Inventory

An entity projected the following sales: Budgeted Month Sales $421000 January February 361000 March 461000 April 495000 The entity's gross profit rate is 40%. Inventory at the end of December totaled $175178. Desired inventory levels are 30% of the next month's sales. What is the desired inventory at the end of March? Select one: a $ 59400 b. $ 148500 OC $ 89100 d. $ 55320

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

=+3. If the three-way interaction is important, consider running separate models for the three levels of Cardholder Segment. Use interaction plots for each segment to understand whether the two-way...

Answered: 1 week ago

Question

★★★★★

In the code below, three processes are competing for six resources labeled A to F. a. Using a resource allocation graph, show the possibility of a deadlock in this implementation. b. Modify the order...

Answered: 1 week ago

Question

★★★★★

According to trade-off theory, the total value of a lovered firm equals the value of the firm without leverage plus the present value of the fax savings from debt, less the present value of financial...

Answered: 1 week ago

Question

★★★★★

eBook Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Preferred Stock Paid-In Capital- Preferred Common Stock...

Answered: 1 week ago

Question

★★★★★

These tables provide the output from a multiple regression analysis looking at the impact of number of internet ads and product attractiveness on online laptop sales. How much of the variation in...

Answered: 1 week ago

Question

★★★★★

Identify the type of sampling that is used in this statement: The library, interested in the opinions of its patrons, surveys every 5th person who comes to the library over several days. Question 10...

Answered: 1 week ago

Question

★★★★★

5. Consider this figure below, which shows a 1D, single-phase, steady state flow taking place in homogeneous, porous medium. Use the diffusivity equation below and with the boundary conditions to...

Answered: 1 week ago

Question

★★★★★

Frank Catton, the general manager of Billybob's floating raft hotel and casino in Tunica Mississippi, has installed the "The Wheel of Doughnuts" at the hotel check in desk. When someone checks in...

Answered: 1 week ago

Question

★★★★★

Answer in C language is required. Task 1. Your task is to add required socket API calls TCP and UDP server & client. After that, compile and run both server & client and understand the code. Task 2....

Answered: 1 week ago

Previous Question Next Question