Provide formulas and procedure in excel
QUESTION 5
Balance Sheet October 31 |
|||
Assets |
|||
Cash |
$ |
20,600 |
|
Accounts receivable |
70,600 |
||
Merchandise inventory |
195,000 |
||
Property, plant and equipment, net of $572,600 accumulated depreciation |
1,094,600 |
||
Total assets |
$ |
1,380,800 |
|
Liabilities and Stockholders' Equity |
|||
Accounts payable |
$ |
254,600 |
|
Common stock |
820,600 |
||
Retained earnings |
305,600 |
||
Total liabilities and stockholders' equity |
$ |
1,380,800 |
|
Answer: December cash disbursements for merchandise purchases : $ 290,250
Merchandise Purchases Budget | |||
November | December | January | |
Cost of Goods Sold ( 75 % of Budgeted Sales ) | $ 300,000 | $ 285,000 | $ 277,500 |
Add: Desired Ending Inventory ( 65 % of next month COGS ) | 185,250 | 180,375 | ??? |
Total Inventory Needed | 485,250 | 465,375 | |
Less: Beginning Inventory | 195,000 | 185,250 | |
Budgeted Merchandise Purchases | $ 290,250 | $ 280,125 |
Provide formulas and procedure in excel QUESTION 5 Bramble Corporation is a small wholesaler of gourmet...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $400,000 for November, $380,000 for December, and $370,000 for January. Collections are expected to be 45% in the month of sale and 55% 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 65% of the next month's cost of goods sold. Payment for merchandise...
Provide formulas and procedure in excel QUESTION 7 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $390,000 for November, $370,000 for December, and $360,000 for January. Collections are expected to be 40% in the month of sale and 60% in the month following the sale. The cost of goods sold is 80% of sales. The company would like maintain ending merchandise inventories equal to 70% of the next...
Provide formulas, procedure in excel QUESTION 6 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $370,000 for November, $350,000 for December, and $340,000 for January. Collections are expected to be 55% in the month of sale and 45% in the month following the sale. The cost of goods sold is 70% of sales. The company would like maintain ending merchandise inventories equal to 60% of the next month's...
Provide process and formulas in excel QUESTION 3 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $210,000 for November, $190,000 for December, and $180,000 for January. Collections are expected to be 50% in the month of sale and 50% in the month following the sale. The cost of goods sold is 55% of sales. The company would like maintain ending merchandise inventories equal to 45% of the next...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $370,000 for November, $350,000 for December, and $340,000 for January. . Collections are expected to be 55% in the month of sale and 45% in the month following the sale . The cost of goods sold is 70% of sales ยท The company would like maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold....
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $390,000 for November, $370,000 for December, and $360,000 for January. Collections are expected to be 40% in the month of sale and 60% in the month following the sale. The cost of goods sold is 80% of sales. The company would like maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for merchandise...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $440,000 for November, $420,000 for December, and $410,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $440,000 for November, $420,000 for December, and $410,000 for January. Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 80% of sales. The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $350,000 for November, $330,000 for December, and $320,000 for January. Collections are expected to be 45% in the month of sale and 55% in the month following the sale. The cost of goods sold is 75% of sales. The company would like to maintain ending merchandise inventories equal to 80% of the next month's cost of goods sold. Payment for...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $260,000 for November, $240,000 for December, and $230,000 for January. Collections are expected to be 55% in the month of sale and 45% in the month following the sale. The cost of goods sold is 80% of sales. The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods sold. Payment for...