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Wallace Company provides the following data for next year. Month Budgeted Sales January $124,000 February 118,000...
Wallace Company provides the following data for next year: Month Budgeted Sales January $123,000 February 114,000 March 136,000 April 145,000 The gross profit rate is 30% of sales. Inventory at the end of December is $22,600and target ending inventory levels are 30% of next month's sales, stated at cost What is the amount of purchases budgeted for February? $114,660 $28,560 $79,800 $84,420
Wallace Company provides the following data for next year: Month Budgeted Sales January $129,000 February 113,000 March 132,000 April 148,000 The gross profit rate is 35% of sales. Inventory at the end of December is $30,600 and target ending inventory levels are 30% of next month's sales, stated at cost. What is the amount of purchases budgeted for February? A. $32,340 B. $77,155 C. $73,450 D. $ 109,590
Wallace Company provides the following data for next year: January February March April Budgeted Purchases $78,000 70,200 91,000 95,550 Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for January? O A. $85,020 O B. $55,420 OC. $70,980 OD. $78,000
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7000 April $12,000 May $11,000 June $18,000 The expected gross profit rate is 20% and the inventory at the end of February was $5000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? $11,440 $8800 $7120 $10,480
Fosnight Enterprises prepared the following sales budget Budgeted Sales $5,000 $14,000 Month March April May $10,000 $14,000 June The expected gross profit rate is 20% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 20 % of the next month's cost of goods sold. What are the total purchases budgeted for April? OA. $10,560 O B. $11.840 O C. $2,240 O D. $13,440
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7,000 April $12,000 May $11,000 June $18,000 The expected gross profit rate is 20% and the inventory at the end of February was $5,000. Desired inventory levels at the end of the month are30% of the next month's cost of goods sold. What are the total purchases budgeted for May? A. $8,800 B. $7,120 C. $11,440 D. $10,480
Sander Enterprises prepared the following sales budget: Month March April Budgeted Sales $3,000 $10,000 $13,000 $17.000 May June The expected gross profit rate is 30% and the inventory at the end of February was $9.000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? OA. $11,830 OB. $8,260 OC. $9,100 OD. $9,940
Walton Medical Clinic has budgeted the following cash flows: February $124,000 March January $118,000 Cash receipts Cash payments For inventory purchases For S&A expenses $144,000 94,000 36,000 99,000 40,000 81,000 41,000 Walton Medical had a cash balance of $17,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 1 percent per month. Repayments...
Aloan Co. provides the following sales forecast for the next three months: January February March 3,900 5,100 5,900 Sales units The company wants to end each month with ending finished goods inventory equal to 10% of the next month's sales. Finished goods inventory on December 31 is 390 units. The budgeted production units for February are: Multiple Choice 5,900 units. 5,100 units. 5,690 units. 5,180 units. 5,020 units
Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $5000 137000 $14,000 $17.000 The expected gross profitrate is 10% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What are the total purchases budgeted for April? $11,520 $14,040 $11,880 $11,700