All categories

2 years ago

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

Business

2 answers:

weeeeeb [17]2 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]2 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

You might be interested in

True or False. The standminus−alone cost allocation method ranks the individual users of a cost object in order of users most re

Reptile [31]

Answer:

False

Explanation:

It is 'Incremental cost allocation method' that ranks the individual users of a cost object in order of users most responsible for a common cost (the most responsible will be primary user) and then uses these rankings to allocate the costs among the users (incremental users).

Stand-alone cost allocation method allocates cost proportionately among all users based on a basis which relates to each users proportion of the total. For example the basis could be proportion of sales of responsibility centers to total sales of organization.

6 0

3 years ago

Which chart is best used to show the results of a class survey with 4 field trip options?

Nimfa-mama [501]

C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.

7 0

2 years ago

Read 2 more answers

You're considering a project with an initial cost of $6400, what is the payback period for this project if the cash inflows are

Alinara [238K]

Cost : 6400

900 + 1,350 = 2,250

2,250 + 500 = 2,750

2,750 + 1,350 = 4,100

4,100 + 2,800 = 6900

So there’s more than 6,400 dollars

7 0

2 years ago

Choose all that apply. Select all the laws and regulations that protect your bank account. Truth in Savings Act Electronic Fund

qaws [65]

I need to know what the chocies are so i can answer your question

5 0

3 years ago

Read 2 more answers

Explain how a country could have a deficit on its primary income but a current account surplus. 4 marks

Tatiana [17]

<h2>The following are the reasons for how a country could have a deficit on its primary income but a current account surplus:</h2>

The identified and associated sources of primary income would be different than the sources of financial activities that reflect their collection in the current account.
The expenses on developmental activities could be drawn from the primary account rather than drawing them directly from the current account.
There could be diversions of funds to manage the accounts in order to earn interest on them.

7 0

3 years ago