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
Blizzard [7]
3 years ago
10

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Business
1 answer:
Sever21 [200]3 years ago
8 0

Answer:

$202,400

Explanation:

Calculation for what The cost of December merchandise purchases would be:

December merchandise purchases:

November December January

Sales $280,000 $260,000 $250,000

Cost of goods sold (80% of sales)

$224,000 $208,000 $200,000

(80%*$280,000=$224,000)

(80%*$260,000=$208,000)

(80%*$250,000=$200,000)

Add desired ending merchandise inventory(70% of next month's COGS) $145,600 $140,000

(70%*$208,000=$145,600)

(70%*$200,000=$140,000)

Total needs $369,600 $348,000

($224,000+$145,600=$359,600)

($208,000+$140,000=$348,000)

Less beginning merchandise inventory(70% of this month's COGS)

$156,800 $145,600

(70%*$224,000=$156,800)

(70%*$208,000=$145,600)

Required purchases$212,800 $202,400

($369,600-$156,800=$212,800)

($348,000-$145,600=$202,400)

Therefore The cost of December merchandise purchases would be:$202,400

You might be interested in
An Internet business prides itself in its ability to fill customer’s orders in six calendar days or less on average. Periodicall
LenaWriter [7]

Answer:

Answer is explained in the attachment.

Explanation:

Download pdf
3 0
3 years ago
20.Assume that you just graduate and get a job. You will work for 40 years and save each year before you retire. During retireme
amid [387]

Answer:

How much money will you need to have at the moment you retire?

  • $1,287,858

How much money do you need to save every year before retirement?

  • $4,971.33

Explanation:

we have to first determine the amount of money you need to finance your retirement distributions:

using the annuity due present value formula, PV = annuity payment x annuity due factor (PV, 8%, n = 40)

PV = $100,000 x 12.87858 = $1,287,858

now we must use the ordinary annuity future value formula, FV = annuity payment x annuity factor (FV, 8%, n = 40)

annuity payment = FV / annuity factor = $1,287,858 / 259.057 = $4,971.33

4 0
3 years ago
Which of the following best illustrates the unit of account function of money"?
Evgesh-ka [11]

Answer:

Explanation:

a you list prices for candy sold

7 0
3 years ago
Read 2 more answers
when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in
aleksklad [387]

Answer:  The correct option therefore is > upward sloping

Explanation:

When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.

3 0
2 years ago
A promising new customer at a FINRA member firm has complained verbally to a registered representative that he lost $500 on the
GaryK [48]

Answer:

gkjhbjvghf

vghjbk,khn

Explanation:

4 0
3 years ago
Other questions:
  • Jack and john were recently dumped by their girlfriends. jack believes that his girlfriend broke up with him because she is a se
    14·2 answers
  • On January 1, 2020, a company purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck
    11·1 answer
  • Lori had a great day at work and has a positive attitude. When she arrives home, she maintains this positive attitude and is in
    15·1 answer
  • On an automotive assembly line, Naif Marrot checks to make sure that recently painted car bodies are free of paint bubbles. Othe
    8·1 answer
  • The rule of thumb that predicts that cpu capacity will double every two years is called ________.
    13·1 answer
  • Action Quest Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 20
    12·1 answer
  • Western Electric has 31,500 shares of common stock outstanding at a price per share of $78 and a rate of return of 13.05 percent
    7·1 answer
  • A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea
    14·1 answer
  • the most likely outcome when both aggregate supply and aggregate demand increase is: a rise in inflation. higher employment. an
    12·1 answer
  • Scanlon Inc.'s CFO hired you as a consultant to help her estimate the cost of capital. You have been provided with the following
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!