Homework Answers
Solution:
b. 442,500
Explanation:
| Sales | 550,000 |
| cost of goods sold (550,000 x 75%) | 412,500 |
| Opening stock | 300,000 |
| Closing inventory | 270,000 |
| purchases (412500+270000-300000) | 382,500 |
| Selling and administration expenses | 60,000 |
| Budgeted cash disbursements (382500+60000) | 442,500 |
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Question 3 (5 points) The Banderas Company, a merchandising firm, has budgeted its activity for December...
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answere 14 to 16
The Bandeiras Company, a merchandising firm, has budgeted its activity for December according to the following information: I. Sales at $550,000, all for cash. II. Merchandise inventory on November 30 was $300,000. III. Budgeted depreciation for December is $35,000. IV. The cash balance at December 1 was $25,000. V. Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. VI. The planned merchandise inventory on December 31 is $270,000. VII. The...
Return to pag Question 1(5 points) The Banderas Company, a merchandising firm, has budgeted its activity...
Return to pag Question 1(5 points) The Banderas Company, a merchandising firm, has budgeted its activity for December according to the following information: 1) Sales at $550,000, all for cash. 2) Merchandise inventory on November 30 was $300,000. 3) Budgeted depreciation for December is $35,000 4) The cash balance at December 1 was $25,000. 5) Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash. 6) The planned merchandise inventory on December 31 is $270,000...
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