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Leto [7]
2 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]2 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

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According to GAAP, the amount of bad debt expense can be estimated by: A. Only the percent of sales method. B. Only the percent
yarga [219]

Answer:

E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.

Explanation:

The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy

It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)

1. percent of accounts receivable method,

2. percent of sales method

3. the aging of accounts receivable method

Hence, the correct option is E.

7 0
3 years ago
Bread, gasoline, and ____ are examples of convenience products.
ella [17]
Bread, gasoline, and newspapers are examples of convenience products.  All of them are goods<span> (consumer item) that are widely available. Consumers purchase this kind of products frequently with minimal effort and with little planning. The convenience products are part of consumers routine. </span>
7 0
3 years ago
In addition to earning a bachelor's degree in education, what else do teacher candidates need to do in order to be eligible for
Contact [7]

Answer:

A. pass a series of state tests

Explanation:

After a student has graduated from college and they have their bachelor's degree, they need to then pass some state tests to show they know their subject area to get their teaching certificate. Hope this helps please give brainliest!

7 0
3 years ago
Sheridan Co. incurred research and development costs in 2021 as follows: Materials used in research and development projects $ 9
Gekata [30.6K]

Answer: c. $2,526,666.

Explanation:

When calculating amount of research and development costs charged to Sheridan for 2021, the concern should be for period costs i.e, costs that are incurred for 2021 alone. Therefore the Equipment cost cannot be put here because as an Asset it was purchased for future use and so cannot be just for 2021.

The costs therefore are all of the above EXCEPT cost.

= Materials + Depreciation + Personnel Costs + Consulting fees + Indirect Costs

= 915,000 + 441,666 + 715,000 + 265,000 + 190,000

= $2,526,666

Correct answer is Option C

7 0
3 years ago
A passenger on a cruise ship was injured by a rope thrown while the ship was docking. The passenger was sitting on a lounge chai
Kruka [31]

Answer:

Following are the solution to this question:

Explanation:

The crew is forbidden to connect with visitors on the ship. The protection of a ship holds the crew close watch day and night. It doesn't mean that dalliances don't happen, but if a crewman is caught and convicted, the next port seems to be the start of the ship. Therefore the traveler ought to be able to claim damages in this issue, nobody has informed the traveler of apparent danger.

8 0
2 years ago
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