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Sergeeva-Olga [200]
3 years ago
13

Liu Electronics budgeted sales of $400,000.00 for the month of November and cost of goods sold equal to 65 percent of sales. Beg

inning inventory was $80,000.00 and ending inventory is estimated at $72,000.00. The budgeted purchases for November are:________
Business
1 answer:
Leno4ka [110]3 years ago
8 0

Answer:

Purchases= $252,000

Explanation:

Giving the following information:

Sales= $400,000

Cost of goods sold equal to 65 percent of sales.

Beginning inventory= $80,000

Ending inventory= $72,000

To calculate the purchase required, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases= (400,000*0.65) + 72,000 - 80,000

Purchases= $252,000

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An entrepreneur purchased an existing bicycle shop that had between $120,000 and $150,000 worth of sales annually for the past t
stepan [7]

Answer:

Forecasted sales: 25% maximum reduction.

Recommendations: try new ways to increase sales during the months left, or reduce its own cost.

Explanation:

  • If sales usually increase between March 1 and June 30, and this period accounts for 50% of annual revenue, if revenue is proportional to sales, a reduction in sales will reduce revenues.
  • Between March 1 and June 30 there are 4 months.
  • If sales usually pick up in March and this year they were low until the beggining of May, it means that  only 2 of the 4 most productive months were higly productive.
  • If 50% of sales are concentrated in this 4 months, and this year 2 of the 4 months were not really productive, a maximum 25% of sales (and hence of revenues) may have lost.
  • Therefore, revenues may lower by 25% this year.
  • To avoid losses, it is advisable to try new ways to increase sales during the months left, that can consist on doing some advertisement and promotions (related to health care linked to exersice for example), that helps increasing sales in the months left, to compensate the looses of the 2 months. If sales cannot be increased, it is advisable to reduce cost to avoid further looses.
6 0
3 years ago
Question #1
Gnesinka [82]
Trueeeeeee

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8 0
3 years ago
How does increasing the size of your down payment impact your auto loan?
Gnom [1K]

Answer:

The correct answer is letter "C": It decreases the size of your principal and decreases the total cost of the loan .

Explanation:

Down payments are the initial sums debtors pay when requesting a credit. Down payments are usually mandatory but the debtor can offer the sum voluntarily.

<em />

<em>If the sum provided in the down payment is higher than what is requested, the amount of the principal will be lower. If the amount of the principal is lower, the total of the interest paid in the course to the loan will be lower as well, thus, the cost of the loan will be reduced.</em>

5 0
3 years ago
Zeus wanted to convey Mount Olympus to Artemis, Ares, Aphrodite, and Athena in equal shares. On July 1, he saw Artemis, Aphrodit
dsp73

Answer:

Joint Tenancy

Explanation:

Each tenant was given an equal share.

The conveyance deed was completed on a specific date passing all the land fairly to all tenants.

The Hera, Aphrodite, Athena and Ares also bear the title of Mutual Tenancy as Zeus transmitted Mount Olympus to them.

Therefore the correct option is Joint Tenancy and the same is to be considered

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3 years ago
Roth Service Co. experienced the following transactions for 2018, its first year of operations: Provided $82,000 of services on
frosja888 [35]

please find the attached for the answer

Download docx
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