cnve Hardware's f ecas ed sa es r April May: June and July are S180,000: 29 000: $120 0 0 and S220 00 respect el Salm art 80 cash:nd 40% credit w h all accounts receivables inven ary is maintainer at 启5,000 plus 09 cof the allowing month's cost a gDads sod. All rivemory purchases are asd 24% m the month D Purchase and 78% n the o awlng month. 0llec ed in he month allowing the sale as o co ds sald s B5% a sales ล 1d triin What is the balence of eccouris payable on the June 30 budgeted balance shee: eCeve Hardwere? OA. $91,200 O B. $110,500 O C. $69,768 O D. S33,580 cnve Hardware's f ecas ed sa es r April May: June and July are S180,000: 29 000: $120 0 0 and S220 00 respect el Salm art 80 cash:nd 40% credit w h all accounts receivables inven ary is maintainer at 启5,000 plus 09 cof the allowing month's cost a gDads sod. All rivemory purchases are asd 24% m the month D Purchase and 78% n the o awlng month. 0llec ed in he month allowing the sale as o co ds sald s B5% a sales ล 1d triin What is the balence of eccouris payable on the June 30 budgeted balance shee: eCeve Hardwere? OA. $91,200 O B. $110,500 O C. $69,768 O D. S33,580

Name: Techwhiff
Address: 1520 Lavalette Ave, Elkins, WV 26241, USA, Elkins, 26241, US
Telephone: +1 681-298-8325
Price range: 10000

Correct answer--------$83,980 Working April May June July Sales $ 1,80,000.00 $ 2,90,000.00 $ 1,20,000.00 $ 2,20,000.00 Cost of Goods sold $ 1,53,000.00 $ 2,46,500.00 $ 1,02,000.00 $ 1,87,000.00 Purchases budget April May June July Cost of Goods sold $ 1,53,000.00 $ 2,46,500.00 $ 1,02,000.00 $ 1,87,000.00 Add: Desired Ending inventory (67256.81 x 22.97%) $ 89,650.00 $ 75,200.00 $ 83,700.00 $ 2,42,650.00 $ 3,21,700.00 $ 1,85,700.00 Less: Beginning inventory (78706.44 x 22.97%) $ 80,300.00 $ 89,650.00 $ 75,200.00 Budgeted Purchase $ 1,62,350.00 $ 2,32,050.00 $ 1,10,500.00 Unpaid amount of purchases at the end of June (110500 x 76%) $ 83,980.00 .

Cnve Hardware's f ecas ed sa es r April May: June…

Answers

Correct answer--------$83,980

Working

	April	May	June	July
Sales	$ 1,80,000.00	$ 2,90,000.00	$ 1,20,000.00	$ 2,20,000.00
Cost of Goods sold	$ 1,53,000.00	$ 2,46,500.00	$ 1,02,000.00	$ 1,87,000.00

Purchases budget
	April	May	June	July
Cost of Goods sold	$ 1,53,000.00	$ 2,46,500.00	$ 1,02,000.00	$ 1,87,000.00
Add: Desired Ending inventory (67256.81 x 22.97%)	$ 89,650.00	$ 75,200.00	$ 83,700.00
	$ 2,42,650.00	$ 3,21,700.00	$ 1,85,700.00
Less: Beginning inventory (78706.44 x 22.97%)	$ 80,300.00	$ 89,650.00	$ 75,200.00
Budgeted Purchase	$ 1,62,350.00	$ 2,32,050.00	$ 1,10,500.00

Unpaid amount of purchases at the end of June (110500 x 76%)

$ 83,980.00

Similar Solved Questions

1 answer

Question 2 (5 pts) An Economy is described by the following equations C-2600+0.8(Y-T)- 10000r I-2000-10000r G-1800...

Question 2 (5 pts) An Economy is described by the following equations C-2600+0.8(Y-T)- 10000r I-2000-10000r G-1800 Net exports are zero, net taxes T are fixed at 3000, and the real interest rate r, expressed as a decimal is 0.10 (that is, 10 percent). Find a numerical equation relating planned aggre...

Cnve Hardware's f ecas ed sa es r April May: June and July are S180,000: 29 000: $120 0 0

Question:

Answers

Similar Solved Questions