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
Nana76 [90]
2 years ago
11

Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal

nut's policy is to have an ending inventory of 50% of the next month's sales needs on hand. July 1 inventory is projected to be 2,200 units. Selling and administrative costs are budgeted to be $20,000 per month plus $9 per unit sold. What are budgeted selling and administrative expenses for July
Business
1 answer:
Andreas93 [3]2 years ago
3 0

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

You might be interested in
After asking yourself what you are good at and what you enjoy doing, you will be able to discover:
stich3 [128]
D I'm sure it is!!!!!!!
8 0
3 years ago
Read 2 more answers
The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later
kiruha [24]
Inventory turnover = Cost of goods sold / Average Inventory

Average Inventory = (Beginning Inventory + Ending Inventory) / 2
                              = ($20,000 + $40,000) / 2
                              = $30,000

Inventory turnover = $360,000 / $30,000
                              = 12 times.
3 0
3 years ago
If the Board of Governors of the Federal Reserve increases the reserve requirement then the money supply will decline. True Fals
Umnica [9.8K]

Answer:

i think the answer is true please let me know if it is incorrect

Explanation:

5 0
3 years ago
There are many food carts near Mark’s university. Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea
Wittaler [7]
The demand for his hot dogs will decrease. This is because Andrea is selling things at a better price than Jeff, and Mark and his friends would probably like to try something different than hot dogs.
5 0
3 years ago
Which procedure would be of most assistance to an auditor discovering a large credit sale that has erroneously been recorded twi
koban [17]

Answer:

B. Sending accounts receivable confirmations.

4 0
3 years ago
Other questions:
  • _______ occurs when the inflation rate is less than zero percent.
    9·2 answers
  • Merriweather Post Pavillion received a $820 check from a customer for the balance of accounts due. The transaction was erroneous
    12·1 answer
  • Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed the inventory and cost
    15·1 answer
  • The Medicare Supplement Right of Return Provision (Free Look Period) allows the buyer a period of ________ to return a policy an
    10·1 answer
  • Internal controls are crucial to companies that convert from U.S. GAAP to IFRS because of all of the following risks except: Mul
    5·2 answers
  • In this particular example, the optimal two-part tariff is a per-unit price of $1 and a fixed fee of $29. But notice that with t
    11·1 answer
  • common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom.
    11·2 answers
  • Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a ye
    7·1 answer
  • ASAP!! Discuss Maslow’s Hierarchy of Needs Theory. In your opinion, is it a good motivator for employees to
    8·1 answer
  • If a contingency in a purchase agreement is not fulfilled despite a good faith effort to fulfill it, the party who benefits from
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!