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never [62]
2 years ago
9

Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro

maintains
ending inventory at 10% of the following month's expected cost of goods sold. Expected cost of goods sold for Aprill is $74,000. All
purchases are made on account with 20% of accounts paid in the month of purchase and the remaining 80% paid in the month following the
month of purchase.
K
Sales
January February
March
$42,000 $54,000 $62,000
Budgeted cost of goods sold
Plus: Desired ending inventory
Inventory needed
5,400
47,400
(8,400)
Less: Beginning inventory
Required purchases
$39,000
Based on this information the amount of accounts payable appearing on the March 31 pro forma balance sheet is
Business
1 answer:
kati45 [8]2 years ago
4 0

The amount of accounts payable appearing on the March 31 pro forma balance sheet is $31,200.

<h3>Account payable</h3>

Using this formula

Account payable=Required purchases× Remaining percentage

Where:

Required purchases=$39,000

Remaining percentage=80%

Let plug in the formula

Account payable=$39,000×80%

Account payable=$31,200

Therefore the amount of accounts payable appearing on the March 31 pro forma balance sheet is $31,200.

Learn more about Account payable here:brainly.com/question/19829656


#SPJ1

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matrenka [14]

Answer:

American feel their democracy is the best based on his uniqueness and authenticity with respect to political institution, parties and interest groups.

The house of congress will not be the same if there is only on single chamber for a common ground for discussion and the coming together of legislative in one chamber

In the legislative house, there consist of both the upper and lower houses, who makes laws and institutes the constitutional execution for the benefit of the nation.

Explanation:

American Politics in Comparative Perspective: American have the believe that their democracy is the best in terms of uniqueness and authenticity than other countries of the world. with this they feel they have put a tremendous amount of work for their democracy to be the best in the world. The people of America thinks in regarding the areas of political institution, culture, interest group, political parties it is unique.

In the Legislative house, there are two houses which are, the upper legislative house and the lower legislative house.

The Congress would not be the same if only there is a single chamber that will have a common ground  for discussion and the assembly of the legislative will be put in the single chamber only. the two l houses of legislation have a different methods to meet the compliance of the constitution. If the single chamber is available, then there will be an approach common for all the legislative processes and legislature will be taken away from the single chamber only.

Under an institutional configuration losers will be with the winners in the house and they will implement  the constitutional drives in the house and make sure the nation meets its constitutional implementation  for benefit of the nation

7 0
4 years ago
ABC Inc. has a dividend yield equal to 3 percent and is expected to grow at a 7 percent rate for the next seven years. What is A
denis-greek [22]

Answer:

option (A) 10 percent

Explanation:

Data provided in the question:

Dividend yield = 3 percent

Expected growth rate = 7 percent

Therefore,

The ABC's required return will be

= Dividend yield + Expected growth rate

or

The ABC's required return = 3% + 7%

or

The ABC's required return = 10%

Hence,

The ABC's required return is option (A) 10 percent

8 0
3 years ago
Eastern europe has become successful at manufacturing automobiles and ________ products.
pshichka [43]
<span>Eastern Europe has become successful at manufacturing automobiles and Electronic products. In actuality, Central and Eastern Europe (CEE) have emerged as a global leader in the electronics industry. Hungary has been the area to experience the most growth in the electronics world.</span>
5 0
3 years ago
Firms that spend the greatest percentage of their revenue on advertising tend to be firms that sell
Lisa [10]

Answer:

The correct answer is D

Explanation:

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So, the firm or business who spend the highest percentage of the revenue on advertising the product are the firms which sell the highly differentiated goods.

8 0
3 years ago
You need to accumulate $10,000. To do so, you plan to make deposits of $1,100 per year - with the first payment being made a yea
guapka [62]

Answer:

Explanation:

Using future annuity formula

Fv = Pmt ( (1+r)ⁿ -1 )/ r

\frac{FVr}{Pmt}  + 1 = (1+r)ⁿ

In ( \frac{FVr}{Pmt} + 1) = n In ( 1+r)

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n = 0.7297 / 0.11172 = 6.53 years approx 7 years

the last year payment will actually be less than $1,100

6 0
4 years ago
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