Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:
Balance Sheet October 31 |
||||||
Assets | ||||||
Cash | $ | 22,100 | ||||
Accounts receivable | 72,100 | |||||
Merchandise inventory | 121,875 | |||||
Property, plant and equipment, net of $574,100 accumulated depreciation | 1,096,100 | |||||
Total assets | $ | 1,312,175 | ||||
Liabilities and Stockholders' Equity | ||||||
Accounts payable | $ | 256,100 | ||||
Common stock | 822,100 | |||||
Retained earnings | 233,975 | |||||
Total liabilities and stockholders' equity | $ | 1,312,175 | ||||
December cash disbursements for merchandise purchases would be:
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:...
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...
Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $450,000 for November, $430,000 for December, and $420,000 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 75% of sales. The company would like to maintain ending merchandise inventories equal to 65% 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 $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...
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 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 $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 to maintain ending merchandise inventories equal to 60% 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 $280.000 for November. $260.000 for December, and $250,000 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 80% of sales. . The company would like to maintain ending merchandise inventories equal to 70% of the next month's cost of goods...
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 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 $290,000 for November, $270,000 for December, and $260,000 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 75% of sales. • The company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of...