Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7,000 April $12,000 May $11,000...
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
Homework Answers
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Sander Enterprises prepared the following sales budget:
Month
Budgeted Sales
March
$7,000
April
$12,000
May
$11,000...
Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $7000 April $12,000 May $11,000...
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
Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $5000 137000...
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
Question 20 0.6 out o Sander Enterprises prepared the following sales budget: Month March April May...
Question 20 0.6 out o Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $8000 $14,000 $15,000 $17,000 The expected gross profit rate is 20% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? Selected Answer: $4080
Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000 April $13,000 May $11,000...
Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000 April $13,000 May $11,000 June $20,000 The expected gross profit rate is 20% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 30% of the nextmonth's cost of goods sold. What is the desired ending inventory on May 31? A. $16,000 B. $1,200 C. $2,640 D. $ 4,800
Sander Enterprises prepared the following sales budget: Month March April Budgeted Sales $3,000 $10,000 $13,000 $17...
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
Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000 $12.000...
Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000 $12.000 $10,000 $11,000 The expected gross profit rate is 20% and the inventory at the end of February was $8,000. Desired Inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending Inventory on May 31? O A $440 OB. $1,600 OC. $8,800 OD. $1.760
Fosnight Enterprises prepared the following sales budget Budgeted Sales $5,000 $14,000 Month March April May $10,000...
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
Question Help Fospight Enterprises prepared the following sales budget Budgeted Sales $3,000 Month March April May...
Question Help Fospight Enterprises prepared the following sales budget Budgeted Sales $3,000 Month March April May June $11,000 $15,000 $10,000 The expected gross profitrate is 20% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for April? hts fc O A. $9,120 O B. $880 OC. $9,680 OD. $8,480 Click to select your answer...
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Brandon Company has prepared the following sales budget: Month Budgeted Sales March $200,000 April 180,000 May 220,000 June 240,000 Cost of goods sold is budgeted at 40% of sales and the inventory at the end of February was $40,000. Desired inventory levels at the end of each month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? So, beginning Inventory for June is ending inventory for May. End Inv May...
Fosnight Enterprises prepared the following sales budget Month March April Budgeted Sales $9,000 $14,000 O A....
Fosnight Enterprises prepared the following sales budget Month March April Budgeted Sales $9,000 $14,000 O A. $11,280 OB. $11,120 ?. $12.320 O D. $1.120 Click to select your answer ch
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
Question 20 0.6 out o Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $8000 $14,000 $15,000 $17,000 The expected gross profit rate is 20% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? Selected Answer: $4080
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
Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000 $12.000 $10,000 $11,000 The expected gross profit rate is 20% and the inventory at the end of February was $8,000. Desired Inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending Inventory on May 31? O A $440 OB. $1,600 OC. $8,800 OD. $1.760
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
Question Help Fospight Enterprises prepared the following sales budget Budgeted Sales $3,000 Month March April May June $11,000 $15,000 $10,000 The expected gross profitrate is 20% and the inventory at the end of February was $13,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for April? hts fc O A. $9,120 O B. $880 OC. $9,680 OD. $8,480 Click to select your answer...
Fosnight Enterprises prepared the following sales budget Month March April Budgeted Sales $9,000 $14,000 O A. $11,280 OB. $11,120 ?. $12.320 O D. $1.120 Click to select your answer ch
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