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
zhenek [66]
2 years ago
10

A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September

30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter should be: (Show work on test paper or separate scanned submission.)
Business
1 answer:
nlexa [21]2 years ago
6 0

Answer:

Purchases=  $57,530

Explanation:

Giving the following formula:

Production= 91,500*(1 - 0.18)= $75,030

Beginning inventory= $25,000

Desired ending inventory= $7,500

<u>To calculate the budgeted purchases, we need to use the following formula:</u>

<u></u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= 75,030 + 7,500 - 25,000

Purchases=  $57,530

You might be interested in
With an in-kind donation, donors donate<br> time<br> cash<br> nothing<br> goods or services
sattari [20]
Goods and services

Hope I helped
6 0
3 years ago
How does the price of corn change if the price of wheat​ increase? Microeconomics Identify the best measurement of total output
qwelly [4]

Answer:

How does the price of corn change if the price of wheat​ increase? Microeconomics

Identify the best measurement of total output in the US economy. Macroeconomics

How will an increase in government spending impact the inflation​ rate? Macroeconomics

The most efficient market structure is perfect competition.

Microeconomics

6 0
3 years ago
What three words would you use to describe the culture you would foster at your company? explain why you chose each word to repr
VashaNatasha [74]

Transparent, involved, & Empathetic

Transparent – The employees feel a sense of trust in a transparent culture, since they can express their thoughts.

Involved – in helps us employees who have the same shared interest since we are offered a lot of on the job learning and training programs

Empathetic – Our develops need to understand how the users are interacting with our software so can they can improve the product we are selling. When our managers recognize the concerns, they are most effective in that instance.


3 0
3 years ago
_____ aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices o
uysha [10]

low pricing aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices on others.

Stores can therefore attract customers with the low prices and once the customer is there, they will more than likely purchase one of the higher priced items.

6 0
2 years ago
1. One government policy for dealing with a natural monopoly is to:
Elden [556K]
The correct answer for the question that is being presented above is this one: "b) impose a price ceiling to reduce economic profit." One government policy for dealing with a natural monopoly is to: b) impose a price ceiling to reduce economic profit.

3 0
3 years ago
Other questions:
  • Under normal costing, the actual manufacturing overhead costs incurred during the period are added to the work in process accoun
    13·1 answer
  • which of the following statements about the impact of a company's competitive efforts in a region on its regional market share a
    10·1 answer
  • "PDQ Corporation has declared a rights offering to stockholders of record. The company has 5,000,000 shares outstanding and is s
    6·1 answer
  • Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in
    14·1 answer
  • Jump Corporation has $2,500,000 of short-term debt it expects to retire with proceedsfrom the sale of 85,000 shares of common st
    5·1 answer
  • What makes financial professions popular in Nepal?​
    7·1 answer
  • What evaluation criteria is used in economic analysis?a. Time to completion b. Technical feasibility c. Sustainability d. Financ
    9·1 answer
  • Match each given scenario to its cause.
    15·1 answer
  • What can you do to<br> protect your personal<br> information?
    15·1 answer
  • Hearing and listening ___________________.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!