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

Question

1 Approved Answer

please show how to solve. thank you The following is the budgeted sales information for an entity: February $124564 March S121749 Sales For the past

image text in transcribed

please show how to solve. thank you

The following is the budgeted sales information for an entity: February $124564 March S121749 Sales For the past few years the gross profit has steadily been around 31.36%. The entity prefers to have 23.92% of next month's sales held in inventory at the end of every month. What is the budgeted purchases for February? Select one: a. 85039 b. 123891 c. 48196 d. 85501

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

Finance The Basics

Finance The Basics

Authors: Erik Banks

1st Edition

0415384575, 9780415384575

More Books

Students also viewed these Accounting questions

Question

★★★★★
One mole of an ideal gas is contained in a cylinder with a movable piston. The initial pressure, volume, and temperature are Pi, Vi, and Ti, respectively. Find the work done on the gas for the...

Answered: 1 week ago

Question

★★★★★
=+b. Based only on the data presented, should the proposal be accepted? c. What are some ofthe other factors that should be considered before a final decision is made?

Answered: 1 week ago

Question

★★★★★
d. In what sports does the person consult?

Answered: 1 week ago

Question

★★★★★
Sea Bound uses three processes to manufacture lifts for personal watercraft: forming a lifts parts from galvanized steel, assembling the lift, and testing the completed lift. The lifts are...

Answered: 1 week ago

Question

★★★★★
Carl's Incorporated reported the following tax information for its first three years of operation. year tax income or loss income tax rate 2015 440,000 35% 2016 (910,000) 37% 2017 1,500,000 43%...

Answered: 1 week ago

Question

★★★★★
Answer the following questions. 1. Think of two concerns on national security (one internal threat and one external threat) that the Philippines face in the present day, and should be prioritized by...

Answered: 1 week ago

Question

★★★★★
Tanjung Bidara Enterprise produces and supplies high-quality soap for the local market. The company employs 20 workers who are paid RM7 per hour. The workers work 20 days a month and the working...

Answered: 1 week ago

Question

★★★★★
Tom Pastorius and his wife Mary Beth started Penn Brewery, an authentic German microbrewery in Pittsburgh, Pennsylvania, in 1986. They built the brewery into a successful business, pro- ducing more...

Answered: 1 week ago

Question

★★★★★
ABC Electronics Corporation will be expanding its products by manufacturing power banks. It expects to sell these over a period of three years by updating their power bank models throughout the...

Answered: 1 week ago

Question

★★★★★
A scooter manufacturer wants to increase brand awareness on its website. What type of graphic should the company include on every webpage?

Answered: 1 week ago

Question

★★★★★
How can you use data to assist you with making appropriate business decisions? Will you use internal data, external data, or both?

Answered: 1 week ago

Question

★★★★★
5.98 Financial Managers, Inc., buys and sells a large number of stocks routinely for the various accounts that it manages. Portfolio manager Sarah Bloom has asked for your assistance in the analysis...

Answered: 1 week ago

Question

★★★★★
5.97 Financial Managers, Inc., buys and sells a large number of stocks routinely for the various accounts that it manages. Portfolio manager Andrea Colson has asked for your assistance in the...

Answered: 1 week ago

Question

★★★★★
5.93 In a large department store a customer-complaints office handles an average of six complaints per hour about the quality of service. The distribution is Poisson. a. What is the probability that...

Answered: 1 week ago

Previous Question Next Question