{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T06:51:33-04:00", "answer_date": "2024-06-28 06:51:33", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4256852", "url": "\/study-help\/questions\/jezaret-inc-sells-tire-rims-its-sales-budget-for-the-4256852", "question_creation_date_js": "2024-06-28T06:51:33-04:00", "question_creation_date": "Jun 28, 2024 06:51 AM", "meta_title": "[Solved] Jezaret, Inc. sells tire rims. Its sales | SolutionInn", "meta_description": "Answer of - Jezaret, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2018, and additional informati | SolutionInn", "meta_keywords": "jezaret,inc,sells,tire,rims,sales,budget,nine,months,ended,september,30", "question_title_h1": "Jezaret, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2018, and additional information follow: (Click the icon to view", "question_title": "Jezaret, Inc. sells tire rims. Its sales budget for the nine months", "question_title_for_js_snippet": "Jezaret, Inc sells tire rims Its sales budget for the nine months ended September 30, 2018, and additional information follow (Click the icon to view the budget ) i (Click the icon to view additional information ) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year Compute cost of goods sold for the entire nine month period Jezaret, Inc Inventory, Purchases, and Cost of Goods Sold Budget Data Table Nine Months Ended September 30, 2018 Quarter Ended Quarter Ended Nine Month March 31 March 31 June 30 September 30 Total Cost of goods sold Cash sales, 20 $ 20,000 $ 30,000 $ 25,000 $ 75,000 Plus Desired ending merchandise inventory 80,000 120,000 100 000 300,000 Credit sales, 80 Total merchandise inventory required $ 100,000 $ 150,000 $ 125,000 $ 375,000 Total sales Less Beginning merchandise inventory Budgeted Purchases Print Done More Info In the past, cost of goods sold has been 40 of total sales The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $28,000 plus 10 of cost of goods sold for the following quarter The marketing director expects sales of $200,000 during the fourth quarter The January 1 inventory was $20,000", "question_description": "

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\"image<\/div><\/div><\/div> Jezaret, Inc. sells tire rims. Its sales budget for the nine months ended September 30, 2018, and additional information follow: (Click the icon to view the budget.) i (Click the icon to view additional information.) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine-month period. Jezaret, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Data Table Nine Months Ended September 30, 2018 Quarter Ended Quarter Ended Nine-Month March 31 March 31 June 30 September 30 Total Cost of goods sold Cash sales, 20% $ 20,000 $ 30,000 $ 25,000 $ 75,000 Plus: Desired ending merchandise inventory 80,000 120,000 100.000 300,000 Credit sales, 80% Total merchandise inventory required $ 100,000 $ 150,000 $ 125,000 $ 375,000 Total sales Less: Beginning merchandise inventory Budgeted Purchases Print Done More Info In the past, cost of goods sold has been 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $28,000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $200,000 during the fourth quarter. The January 1 inventory was $20,000", "transcribed_text": "", "related_book": { "title": "Auditing Cases An Active Learning Approach", "isbn": "0130674842, 978-0130674845", "edition": "2nd Edition", "authors": "Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/64ed8a8041add_6938.jpg", "uri": "\/textbooks\/abnormal-psychology-clinical-perspectives-on-psychological-disorders-1st-edition-9781266566899", "see_more_uri": "" }, "free_related_book": { "isbn": "0692336516", "uri": "\/textbooks\/the-incredible-shrinking-alpha-and-what-you-can-do-to-escape-its-clutches-1st-edition-978-0692336519-280465", "name": "The Incredible Shrinking Alpha And What You Can Do To Escape Its Clutches", "edition": "1st Edition" }, "question_posted": "2024-06-28 06:51:33", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-city-of-dryden-is-served-by-three-banks-which", "description": "The city of Dryden is served by three banks, which recently reported deposits of $250 million, $200 million, and $45 million, respectively. 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