The amount of net sales for 2021 is $1,035,000.
Average inventory = (Beginning inventory + Ending inventory) / 2
Average inventory = ($63,000 + $75,000) /2
Average inventory = $69,000
- The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>
6 = Cost of goods sold / $69,000
Cost of goods sold = $414,000
Given Gross profit ratio is 40%: Gross profit = 40% on sales
Let the sales be $K
Gross profit = Sales - Cost of goods sold
0.4K = K - $414,000
0.4K = $414,000
K = $414,000 / 0.4
K = $1,035,000
Therefore, the amount of net sales for 2021 is $1,035,000.
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Answer:
The correct answer is letter "A": Sales invoice.
Explanation:
In a Business-to-Business (B2B) transaction sales invoices are provided to record the goods or services exchanged between entities or the record the services rendered from one company to the other. The information included in the invoice reflects the details of the operation such as <em>good or service acquired, quantity, date, </em>and <em>price</em>. This feed could help businesses to predict the future behavior of the other entity or to provide profitable suggestions to them.
The answer is if the bank cannot make profit on the loan
Yw
The question is incomplete. The complete question is as follows,
The Waverly Company has budgeted sales for the year as follows:
Quarter sales in unit
1=12,000
2=14,000
3=18,000
4=16,000
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,000 units. Scheduled production for the second quarter (in units) is:
a.17,500 units.
b.16,500 units.
c.15,000 units.
d.13,000 units.
Answer:
Production = 15000 Units
Option C is the correct answer
Explanation:
To calculate the scheduled production for the second quarter, we first need to find the opening and ending inventory for the third quarter. The ending inventory for each quarter will become the opening inventory for next quarter. It is mentioned in the question that the ending inventory in each quarter is equal to 25% of the next quarter's budgeted sales. Then,
Ending Inventory First Quarter = 0.25 * 14000 = 3500 units
Ending Inventory Second Quarter = 0.25 * 18000 = 4500 units
The production of units in second quarter can be calculated as follows,
Budgeted Sales = Opening Inventory + Production - Closing Inventory
14000 = 3500 + Production - 4500
14000 + 4500 - 3500 = Production
Production = 15000 Units
Trade-oriented sales promotions are directed at B. wholesalers, retailers, or distributors.
<h3>What are Trade-oriented sales promotions ?</h3>
Trade-oriented sales promotion programs are aimed at the company's dealer network to compel them to promote the company's brand more than competing brands. It is sometimes referred to as a "push strategy," and it is aimed at the dealer network in order to encourage them to promote the brand to customers by giving it precedence over competing products.
In order to encourage volume sales, it may take the form of a product display, an additional case for every five cases ordered, cash discounts or straight cash payments, or it may be used to support a price reduction for customers. This is why it is directed at wholesalers, retailers, or distributors.
Find out more on trade - oriented promotions at brainly.com/question/14293289
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