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
Leto [7]
3 years ago
5

Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2 comma 600 co

okware sets for $ 280.00 each in April and 3 comma 200 cookware sets for $ 295.00 each in May. Sales are 25​% cash and 75​% on account. Compute the total budgeted sales for May.
Business
1 answer:
Juli2301 [7.4K]3 years ago
4 0

Answer:

The Total Budgeted Sales of May is $944,000

Explanation:

Budgeted sales are those sales which a business estimated in a particular period of time. While budgeting the future value company calculated the sales cost and other expenses to minimize the uncertainty and prepare for the future.

As per given data

In May

Budgeted sales Volume = 3,200 cookwares

Budgeted price per unit = $295

Budgeted Sale value = Budgeted Volume x Budgeted Sales price = 3,200 cookwares x $295 = $944,000

Cash Sales  = $944,000 x 25% = $236,000

Credit Sales  = $944,000 x 75% = $708,000

You might be interested in
In two or three sentences, describe how antitrust laws encourages competition
andreyandreev [35.5K]
Antitrust laws prevent monopolies. 
<span>A monopoly is a company or business that dominates a particular market to such an extent that there is no viable competition to that company. </span>
<span>Since a monopoly does not have any other serious competition in a market, the monopoly is at greater liberty to charge higher prices and offer lower-quality prices. </span>
<span>Antitrust laws break up or limit the size of monopolies, allowing other companies to enter a market.</span>
4 0
3 years ago
Barcain Credit Corp. wants to earn an effective annual return (EAR) on its consumer loans of 16 percent per year. If the bank us
Schach [20]

Answer:

14.84%

Explanation:

Effective annual return (EAR) = (1 + ( r / m) ^m -1

APR = m (( 1 + EAR) ^( 1/m) - 1)

where m = 365 since it is compounded daily

APR = 365 (( 1 + 0.16) ^( 1/365) - 1) = 14.84%

4 0
3 years ago
Read 2 more answers
Poeple who own operate and take on the financial risk of operating a business are called?​
NARA [144]

Answer:

Entrepreneurs. people who own, operate, and take the risk of a business venture.

6 0
3 years ago
Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice
Nuetrik [128]

Answer:D

Explanation:

The movement of protein in the plasma membrane allows for cellular adaptation to the extracellular environment

7 0
3 years ago
On January 15, Year 5, Rico Co. declared its annual cash dividend on common stock for the year ended January 31, Year 5. The div
11Alexandr11 [23.1K]

Answer:

January 15, Year 5.

Explanation:

The Rico should decrease retained earnings by the amount of the dividend is declaration date.

The declaration date refers to date the board of directors of a company makes a formal announcement of when the next dividend will be paid. The declaration is therefore also referred to as the announcement date.

On the declaration date, liability account known as dividend payable account is created and credited, while the retained earnings is debited or reduced by the amount of the dividend.

From the question, January 15, Year 5 is the announcement date and it is therefore the date Rico should decrease retained earnings by the amount of the dividend.

3 0
3 years ago
Other questions:
  • A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses
    7·1 answer
  • What technological superiority a major factor in the conquest of the Americas?
    8·1 answer
  • Most "okies" in california finally escaped the deprivation and uncertainty of seasonal farm labor when they
    7·2 answers
  • Michele's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tas
    5·1 answer
  • Laner Company has the following data for the production and sale of 2,000 units. Sales price per unit $800 per unit Fixed costs:
    8·1 answer
  • at the end of the year, the walt disney company has a profit of $920 million. this profit belongs to which of the following grou
    15·1 answer
  • Olinick Corporation is considering a project that would require an investment of $324,000 and would last for 8 years. The increm
    14·1 answer
  • Economic growth is likely to be faster when Group of answer choices higher tax rates are imposed on high income individuals in o
    11·1 answer
  • Countries A,B, and C with respective total populations 50 million, 18 million, and 15 million also have annual GDP as:
    9·1 answer
  • Most foodborne illness outbreaks are caused by
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!