1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
eimsori [14]
3 years ago
15

Cycle Sporting Goods sells bicycles throughout the northeastern United States. The following data were taken from the most recen

t quarterly sales forecast: Expected Sales End-of Month Target Inventory July 1,990 units 400 units August 2,140 units 490 units September 2,070 units 460 units On the basis of the information presented, how many bicycles should the company purchase in August?
Business
1 answer:
koban [17]3 years ago
8 0

Answer: 1250 units

Explanation:

GIVEN the following ;

JULY :

Expected sales = 1,990 units

Ending of month target inventory =400 units

AUGUST:

Expected sales = 2,140 units

Ending of month target inventory =490 units

SEPTEMBER:

Expected sales = 2,070 units

Ending of month target inventory =460 units

Ending of month target inventory in July = August beginning inventory = 400units

Expected August unit sales = 2,140 units

AUGUST ending inventory = 490 units

Expected sales = beginning inventory + purchased inventory - ending inventory

2140 = 400 + purchased inventory - 490

2140 = 890 + purchased inventory

Purchased inventory = 2140 - 890

August purchased inventory should be = 1250 units

You might be interested in
When a firm goes bankrupt, shareholders ______. Multiple choice question. can sue for loses cannot recover their risk capital ar
TEA [102]

In a case whereby a firm goes bankrupt, shareholders cannot recover their risk capital.

This is because they have loose alot in the investment.

<h3>What is Bankruptcy?</h3>

Bankruptcy  can be explained as legal process in which an organization that cannot repay debts to creditors may seek relief debts.

Learn more about Bankruptcy at;

brainly.com/question/21283135

4 0
2 years ago
In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals
LenKa [72]
Answer: D

If you add 300 + 500 + 280 and then subtract the answer from 1,970 you will get your answer.
7 0
2 years ago
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Tpy6a [65]

The net operating income as per the variable costing method is $14500

<u>Explanation:</u>

The unit product cost is = $18 + $10 + $4 = $32

Sales revenue ( $78 multiply with 8700 units) = $678600

Variable cost:

Variable cost of goods sold ( 8700 units multiply $32) = $278400

Variable selling and administartive (8700 units multiply $5) = $43500

contribution margin = $356700

fixed manufacturing overhead = $255200

Fixed selling and adminstrative expenses = $87000

Net operating income = $14500

<u>Note:</u> contribution margin is calculated after deducting sales revenue with variable cost

8 0
3 years ago
Marigold Company sells one product. Presented below is information for January for Marigold Company.
oksian1 [2.3K]

Answer:

Jan 4

Dr Accounts Receivable 632

Cr Sales Revenue 632

Jan 11

Dr Purchases 870

Cr Accounts payable 870

Jan 13

Dr Accounts Receivable 1,035

Cr Sales Revenue 1,035

Jan 20

Dr Purchases 972

Cr Accounts payable 972

Jan 27

Dr Accounts receivable 1,070

Cr Sales Revenue 1,070

Jan. 31

Dr Inventory $660

Dr Cost of Goods Sold $1,702

Cr Purchases $1,842

Cr Inventory $520

Explanation:

Preparation of all the necessary journal entries, including the end-of-month closing entry to record cost of goods sold.

Jan 4

Dr Accounts Receivable 632

Cr Sales Revenue(79*8) 632

(to record Cost of Goods Sold)

Jan 11

Dr Purchases (145*6) 870

Cr Accounts payable 870

( to record the purchase)

Jan 13

Dr Accounts Receivable 1,035

Cr Sales Revenue(115*9) 1,035

(to record the cost of Goods Sold)

Jan 20

Dr Purchases(162*6) 972

Cr Accounts payable 972

( to record the purchase)

Jan 27

Dr Accounts receivable 1,070

Cr Sales Revenue(107*10) 1,070

( to record the cost of Goods Sold)

Preparation of the journal entry assuming the physical count indicates that the ending inventory for January is 110 units

Jan. 31

Dr Inventory $660

($6* 110)

Dr Cost of Goods Sold $1,702

($520+$1,842-$660)

Cr Purchases $1,842

($870 + $972)

Cr Inventory $520

(104* $5)

6 0
2 years ago
What is the Reconstituted Firm???​
ella [17]

Explanation:

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

8 0
2 years ago
Read 2 more answers
Other questions:
  • True or false: if you buy enough different stocks, you can diversify out all risk in the stock market.
    12·1 answer
  • In the context of the disconfirmation paradigm, _____ are desired or anticipated product/service outcomes and include "pre-consu
    8·1 answer
  • Fill in the blanks air comes from over the ocean is very
    11·1 answer
  • Tim receives a call from a friend when he is on a conference video call with his boss. What should be his next step?
    6·1 answer
  • Identify the component present in a smart card that can process instructions and store data for use in various applications Sele
    13·1 answer
  • An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Hailey Corp.
    15·1 answer
  • Jennifer is a serious student who works on schoolwork each evening. She has a roommate who likes to party and frequently hosts n
    13·1 answer
  • How should I persuade someone to buy my donuts, like what should I say to convince them to buy one or two
    9·2 answers
  • Hammerhead Inc. uses practical capacity as the denominator to set the cost of supplying capacity and for the current period the
    7·1 answer
  • A recent regulation enacted by the Commission for Protective Trade Measures in Russia limits the amount of poultry meat that can
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!