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Marizza181 [45]
3 years ago
15

The Michael Miller Corporation has a sales budget for next month of $200,000. Cost of goods sold is expected to be $125,000. All

goods are paid for in the month following their purchase. The beginning inventory of merchandise is $8,000, and an ending inventory of $6,000 is desired. Beginning accounts payable is $26,000. How much merchandise inventory will The Michael Miller Corporation need to purchase next month
Business
1 answer:
frutty [35]3 years ago
3 0

Answer:

the  inventory to be purchased next month is $123,000

Explanation:

The computation of the inventory to be purchased next month is shown below:

= Cost of goods sold + closing inventory - opening inventory

= $125,000 + $6,000 - $8,000

= $123,000

hence, the  inventory to be purchased next month is $123,000

We simply applied the above formula so that the purchase value of the inventory could come  

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Answer:

A. no

Explanation:

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A possible problem in the use of psychological tests (e.g., IQ tests) is that many different psychologists from different backgr
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Normed testing method

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3 years ago
a team engaged in process analysis and improvement has collected data on customer complaints. their pareto chart clearly shows o
sergiy2304 [10]

The natural next step to be taken by team engaged in process analysis will be make the tallest bar of the Pareto chart the head of a fishbone diagram.

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5 0
1 year ago
On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $88,000. A total of $4,000 was paid
maxonik [38]

Answer:

The depreciation expense for Year 1 is $9880

Explanation:

The cost of equipment to be recorded in the books is the price at which it was purchased and the cost incurred to bring it to intended use that is the installation cost. Thus, the cost of the equipment in the books will be recorded as,

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The insurance and maintenance are recurring expenses and are not capitalized.

The depreciation rate under units of production method is,

Depreciation rate = (cost - salvage value) / estimated useful life in units

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The depreciation expense for Year 1 = 0.76 * 13000 = $9880

5 0
3 years ago
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The primary purpose of the statement of cash flows is to:.
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The primary purpose of the statement of cash flows is to provide information about cash receipts, cash payments, and the net change in cash resulting from the operating, investing, and financing activities of a company during the period.

6 0
2 years ago
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