Business
Business, 21.03.2020 01:53, oliviahopebigel

Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year:

Expected monthly sales for April, May, June, and July are $310,000, $280,000, $400,000, and $180,000, respectively.

Cost of goods sold is 50 percent of expected sales.

CGC’s desired ending inventory is 40 percent of the following month’s cost of goods sold.

Monthly operating expenses are estimated to be: Salaries: $39,000 Delivery expense: 8 percent of monthly sales Rent expense on the warehouse: $9,000 Utilities: $1,800 Insurance: $240 Other expenses: $340

Required:

1. Compute the budgeted cost of purchases for each month in the second quarter.

2. Complete the budgeted income statement for each month in the second quarter.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 17:20, spycn5069
Arecession is defined as a period in which
Answers: 1
image
Business, 22.06.2019 22:50, emanuelmorales1515
Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility. output for facility 1: output for facility 2: c. determine the profit-maximizing price.$
Answers: 3
image
Business, 22.06.2019 22:50, tiffanibell71
Adding a complementary product to what is currently being produced is a demand management strategy used when: a. capacity exceeds demand for a product that has stable demand. b. price increases have failed to bring about demand management. c. demand exceeds capacity. d. demand exceeds 100 percent. e. the existing product has seasonal or cyclical demand.
Answers: 3
image
Business, 23.06.2019 00:40, derisepicowe0fa
An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.
Answers: 3
Do you know the correct answer?
Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce...

Questions in other subjects:

Konu
Spanish, 13.11.2020 21:30
Konu
Health, 13.11.2020 21:30
Konu
Mathematics, 13.11.2020 21:30