Question
On the following Chegg post, I am confused where the 144 (a gross) came from. Can someone explain please? https://www.chegg.com/homework-help/questions-and-answers/sweats-galore-developed-jessica-johnson-frazier-eastern-kentucky-university-patricia-h-mou-q16434199 5) Preparing the Purchases Budget
On the following Chegg post, I am confused where the 144 (a gross) came from. Can someone explain please?
https://www.chegg.com/homework-help/questions-and-answers/sweats-galore-developed-jessica-johnson-frazier-eastern-kentucky-university-patricia-h-mou-q16434199
- 5) Preparing the Purchases Budget for shirts:
| Sweats Galore Shirt Purchases Budget For the Year Ending December 31, 2006 | |||||
| Quarter | |||||
| 1 | 2 | 3 | 4 | Year | |
| Shirts to be silk-screened | 8,000 | 10,000 | 20,000 | 12,000 | 50,000 |
| Plus: Desired ending inventory | 2,500 | 5,000 | 3,000 | 4,500 | 4,500 |
| Total shirts required | 10,500 | 15,000 | 23,000 | 16,500 | 54,500 |
| Less: Beginning inventory | 0 | 2,500 | 5,000 | 3,000 | 0 |
| Total shirts needed | 10,500 | 12,500 | 18,000 | 13,500 | 54,500 |
| Cost per shirt* | $10 | $10 | $10 | $10 | $10 |
| Total cost of shirt purchases | $105,000 | $125,000 | $180,000 | $135,000 | $545,000 |
- *$1,440 / 144 (a gross)
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Effect Of Audit Quality On The Market Value Of Listed Non Financial Companies In Nigeria
Authors: Dr. Patience Ote Ola
1st Edition
6200479496, 978-6200479495
