Bramble Corporation is a small wholesaler of gourmet food products.
Data regarding the s...
Business, 02.04.2020 20:07, maliyahclays
Bramble Corporation is a small wholesaler of gourmet food products.
Data regarding the store's operations follow: Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January.
Collections are expected to be 80% in the month of sale and 20% in the month following the sale.
The cost of goods sold is 75% of sales. The company would like maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold.
Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,000. Monthly depreciation is $15,000. Ignore taxes. Balance Sheet October 31
Assets Cash $ 20,000
Accounts receivable 70,000
Merchandise inventory 153,000
Property, plant and equipment, net of $572,000
accumulated depreciation 1,094,000
Total assets $ 1,337,000
Liabilities and Stockholders' Equity Accounts payable $ 254,000
Common stock 820,000
Retained earnings 263,000
Total liabilities and stockholders' equity $ 1,337,000
The cost of December merchandise purchases would be: Multiple Choice
a. $240,000
b. $255,000
c. $139,500
d. $235,500
Answers: 1
Business, 21.06.2019 19:50, Taiyou
The u. s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i. e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?
Answers: 2
Business, 21.06.2019 23:00, emilyswinge4421
James has set the goal of achieving all "a"s during this year of school. which term best describes this goal
Answers: 2
Business, 22.06.2019 13:40, deezzzy
After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases. b. the marginal cost of going to ft. lauderdale decreases. c. the marginal benefit of going to cancun increases. d. the marginal benefit of going to ft. lauderdale decreases.
Answers: 2
Business, 22.06.2019 14:30, violetvinny
crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?
Answers: 2
Law, 07.12.2020 17:30
Biology, 07.12.2020 17:30
Mathematics, 07.12.2020 17:30