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crimeas [40]
3 years ago
12

Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s

ets for $180 each in January and 2,050 luggage sets for $180each in February. All sales are cash only. Prepare the sales budget for January and February.
Business
1 answer:
Svetradugi [14.3K]3 years ago
3 0

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell =  $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

                                           Sales Budget  

                                                             January                      February  

Budgeted luggage sets to be sold 1,700                         2,050  

Sales price per unit                           180                            180  

total sales                                      306000                    369000

here sale is sold Budgeted luggage × Sales price

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Answer:

The answer is consumer's surplus

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For each error below, indicate:
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Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

2. Assets are overstated and assertion classification is violated.

3. Liability is understated and assertions of accuracy is violated.

4. No impact.

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Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

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How does columbus describe the role and rights of women in native american cultures?
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Adelene, who lives in a winter resort area, rented her personal residence for 14 days while she was visiting Brussels. Rent inco
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Answer:

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b) The total rental income is less than the total expenses for the year, so the reportable rental income is $0.

Explanation:

a)

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mortgage interest                          $7,500

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insurance                                         $2,500

repairs                                              $2,100

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total deduction                                                    $34,600

AGI                                                                           $0

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Real property taxes                       $3,800

mortgage interest                          $7,500

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insurance                                         $2,500

repairs                                              $2,100

depreciation                                     $15,000

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Therefore, The total rental income is less than the total expenses for the year, so the reportable rental income is $0.

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