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
sattari [20]
3 years ago
6

Lumpkin Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purc

hases budget. Lumpkin’s policy is to maintain an ending inventory balance equal to 10 percent of the following month’s cost of goods sold. April’s budgeted cost of goods sold is $40,000. Required Complete the inventory purchases budget by filling in the missing amounts. Determine the amount of cost of goods sold the company will report on its first quarter pro forma income statement. Determine the amount of ending inventory the company will report on its pro forma balance sheet at the end of the first quarter.

Business
1 answer:
Verizon [17]3 years ago
6 0

Answer:

Cost of goods sold= 97000

Ending Inventory = 4000

Explanation:

Solution is attached below

You might be interested in
You were recently hired by the Andrews CEO as a consultant to evaluate the performance of the Chief Financial Officer (CFO). As
Arte-miy333 [17]

The least effective step in this process would be to focus only on the CFO's job performance and not his inappropriate behavior in the workplace.

<h3 /><h3>What is the purpose of performance appraisal?</h3>

Analyze whether the performance of the employee's activities, skills and behaviors are in accordance with the organization's culture and values, establishing improvement measures when necessary.

Therefore, it is essential that the behavior of an employee is analyzed along with their technical competence, as the ethics established by employees are capable of impacting the culture in a positive or negative way.

Find out more about performance appraisal here:

brainly.com/question/1532968

#SPJ1

8 0
1 year ago
In the Month of March, Chester Corporation received orders of 154 units at a price of $15.00 for their product Clack. Chester us
julsineya [31]

Answer:

March revenue:

102 units x 15 dollar each = 1,530

April revenue

51 units x 15 dollars each =   765

Explanation:

We recognize based on the delivery of the goods which is the point at which the trasnfer of ownership occurs. Once the good are delvierired; the customer is the owner of them and can use them as see fit, is responsabile for their condition and wellbeing.

8 0
2 years ago
Which of the following is a condition in the general environment that if exploited effectively helps a company reaches strategic
valentina_108 [34]

Answer:

The correct answer to the following question will be "Opportunity".

Explanation:

  • A market opportunity to sell or contract any commodity, facility, facilities, etc. that will allow the buyer-licensee to set up a business.
  • The licensor of a marketing opportunity usually announces that he or she will protect or support the purchaser in finding a suitable destination or deliver the commodity to the cardholder-licensee.

Therefore, Opportunity is the right answer.

5 0
3 years ago
What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently
Ludmilka [50]
<span>Managing a relationship closely usually involves more time and communications. You might meet with the stakeholder more often or communicate in other ways. There are many ways to work with unique personalities. Some people need a lot of attention and small talk, while others prefer a more direct approach, for example.</span>
4 0
3 years ago
There are only two consumers in a market, Harry and Hermione. Harry is willing to buy 12 magic wands when the price is $20 per w
Blizzard [7]

Answer:

The answer is 14

Explanation:

8 0
2 years ago
Other questions:
  • Meadows Manufacturing follows the accrual system. An accrual results when ____________ and a deferral results when __________.
    11·1 answer
  • My dad always says, "time is money". question 20 options: irony pun idiom metaphor
    9·2 answers
  • "A customer buys pharmaceutical and utility stocks in his portfolio. This portfolio would be best characterized as:"
    6·1 answer
  • Which one of the following is least apt to help convince managers to work in the best interest of the stockholders? Assume there
    14·1 answer
  • Americans spend the largest portion of their budget on _____
    13·1 answer
  • The catapult systems repair crew on an aircraft carrier is responsible for repairing the system that launches the aircraft from
    8·1 answer
  • The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit
    13·1 answer
  • Which of the following reflects the order of operations when the Fed buys bonds on the open market?a. Money supply increases, in
    6·1 answer
  • Current information for the Healey Company follows:
    5·1 answer
  • Why might a country choose to devalue its currency? to please its trading partners to encourage exports to encourage imports to
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!