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3 years ago

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Business

2 answers:

weeeeeb [17]3 years ago

7 0

Answer:

$54,000

Explanation:

November December January

Sales 340000 320000 310000

Collection 80% 272000 256000 248000

20% 68000 64000 62000

Total 272000 324000 312000

cost of sales 255000 240000 232500

Ending Inv. 144000 139500

Expenses 24000 24000 24000

423000 403500

Opening Inv. (153,000)

as in balanced

Sheet

Total expenses 270000

Please note that payment for merhandise is made in the following month

Cash movement in December = 324000-270000 = 54000

Orlov [11]3 years ago

6 0

Answer: $54,000

Explanation:

Referring to the data regarding store operation given above, difference between cash receipt and cash disbursement for December could be calculated as follows;

December Cash receipt = (340,000*20%+320,000*80%) = 324,000

November Purchases = (340,000 × 75%)+(320,000 × 75% × 60%) - 153,000 = 246,000

December Cash payment = 246,000 +240,000 = 270,000

The difference between cash receipts and cash disbursement for December = 324,000 - 270,000 = 54,000

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A company has beginning inventory for the year of $10,500. During the year, the company purchases inventory for $160,000 and end

djverab [1.8K]

Answer:

The correct answer is $147,500.

Explanation:

According to the scenario, the given data are as follows:

Beginning inventory = $10,500

Purchase inventory = $160,000

Ending inventory = $23,000

So, we can calculate the cost of goods sold by using following method:

Cost of goods sold = Beginning inventory + Purchase inventory - Ending Inventory

By putting the value, we get,

Cost of goods sold = $10,500 + $160,000 - $23,000

= $147,500

4 0

3 years ago

All of the following are the goals of a self-organizing team, EXCEPT 1. Increase knowledge on a continuous basis. 2. Strive to d

Wewaii [24]

Answer:

The correct answer is 3

Explanation:

Self-organizing team is the team which takes the responsibility to manage or handle their own tasks or work and do not rely on the manager to guide them. The team opt or select on how to best achieve the work or task instead of being directed by the managers who are outside the team.

The goals of the self-organizing team are upgrade or increase the knowledge as well as the skills on a continuous or regular basis, create as well manage the tasks independently, deliver tangible results within the time frame and understand the project vision.

3 0

3 years ago

A customer deciding to rent a movie from home instead of going to the movie theater illustrates which of Porters Five Forces?

Mice21 [21]

Answer:

Threat of substitutes.

Explanation:

In this case, the buyer tries to obtain the same benefit at a lower cost and does so through a substitute product. This is a classic example of: Threat of substitutes.

5 0

3 years ago

Read 2 more answers

JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation

stepan [7]

Answer:

net cash provided is $5,635

Explanation:

Amount ($)

Net Income 4,750

Depreciation 885

Change in inventory (200)

Change in accounts payable <u> 200 </u>

Net cash flows from Operation<u> 5,635</u>

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.

7 0

2 years ago

After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, what happens next

insens350 [35]

After an investigation by the DBPR, if the complaint is not dismissed and no ESO is issued, a hearing is held. This is further explained below.

<h3>What is the investigation?</h3>

Generally, investigate formally or systematically examine or study something or someone.

In conclusion, An ESO hearing is conducted after an inquiry by the DBPR if no ESO is granted.