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-Dominant- [34]
4 years ago
5

Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of

February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Business
1 answer:
Travka [436]4 years ago
8 0

Answer:

$1,960

Explanation:

Complete Questin:

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales

March $6,000

April $13,000

May $12,000

June $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Sales = 100% – 30%

Gross Profit = 70%

Cost of Goods Sold (CGS)

Therefore, June Sales= $14,000 × 70%

= 9,800 (CGS) × 20%

= $1,960

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Answer:

The answer is "Option D"

Explanation:

The first bit of wisdom can offer a consumer qualifying for a 401(k) program is to make regular donations to the program, especially when the business provides employee benefits, therefore the correct choice is to make direct payment donations to the 401(k) plan of both the employee at minimum to just the contributing amount of the employee.

3 0
3 years ago
Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
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Answer:

The answer is:D) $226.78

Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

where:

  • rate = 5.73% / 4 = 1.4325%
  • nper = 52 x 4 = 208
  • pv = 0
  • fv = 289,209.11

PMT = $226.78

6 0
3 years ago
Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has
marissa [1.9K]
I think it’s B not sure
8 0
3 years ago
Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
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7 0
3 years ago
Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity
shtirl [24]

Answer:

The WACC can be calculated as below;

Explanation:

WACC=E*rs+D*rd+D2*rps/(E+D+D2)

Where E=$250 million

rs=14%

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rd=7%

D2=$50 million

rps=5.8%

Now putting above values in the given formula we get;

WACC=250*14%+300*7%+50*5.8%/(250+300+50)

WACC=$58.9 million/$ 600 million

WACC=9.82%

8 0
4 years ago
Read 2 more answers
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