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
Margaret [11]
3 years ago
15

Bernie Company sells buttons to fabric stores. Sales are expected to be $2,046,299 in January, $2,484,001 in February and $3,162

,122 in March. Bernie Company sets their prices so that they earn an average 46% gross profit on sales revenue. What is budgeted cost of goods sold for February? Round your answer to the nearest whole number. Don't enter commas or dollar signs.
Business
1 answer:
Igoryamba3 years ago
3 0

Answer:

$1,701,371

Explanation:

Gross Profit = Sales - Cost of Sales

therefore,

In percentage this equation can be expressed according to the Company policy as :

<em>46 % = 146 % - 100%</em>

Cost of Sales = 100/146 x $2,484,001 = $1,701,371

Conclusion :

Budgeted cost of goods sold for February is $1,701,371

You might be interested in
Mendoza Company's highest point of total cost was $80,000 in June. Their point of lowest cost was $65,000 in January. The compan
boyakko [2]

Answer:

The fixed costs per month are $50,000.

Explanation:

The problem can be presented as a system of 2 equations with 2 variables:

\left \{ {{80000=y + 16000*x} \atop {65000=y + 8000*x}} \right.

Where:

<em>y</em> are the fixed costs,

<em>x </em>are the variable costs per unit produced.

You can solve the system by the method you like. In this case im using the Gaussian Elimination method.

We start with the following AX = b matrix.

\left[\begin{array}{ccc}1&16000\\1&8000\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}80000\\65000\end{array}\right]

We substract the second row by the first row.

\left[\begin{array}{ccc}1&16000\\0&-8000\\\end{array}\right] = \left[\begin{array}{ccc}80000\\-15000\end{array}\right]

We divide the second row by (-8000):

\left[\begin{array}{ccc}1&16000\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}80000\\1.875\end{array}\right]

We substract the first row by 16,000 times the second:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

Multiplying this reduced matrix by the X matrix to interpret the results:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

We can say that Mendoza Company's has<em> y = $50,000</em> fixed costs and each unit costs <em>x = $1.875</em> to produce. Therefore the answer to the problem is $50,000.

8 0
3 years ago
You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By h
Assoli18 [71]

The answer is C, $200. I got it right!

5 0
3 years ago
Read 3 more answers
A location analysis has been narrowed down to two locations, Akron and Boston. The main factors in the decision will be the supp
Hunter-Best [27]
A choose Akron because 75 can b. Between 60 and 80
8 0
4 years ago
Read 2 more answers
Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
ioda

Answer:

1.53 Million

Explanation:

The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).

8 0
3 years ago
The owner and a property manager sign a property management agreement. The property manager advertises the property, shows the r
Alex787 [66]

Answer:

Has failed his fiduciary duties and is responsible for any losses in value the owner has suffered.

Explanation:

In the above case, the manager has failed to maintain the units in proper working order and the property declines in value which is of a negative effect to the property owner.

In this case, the tenant has the option of hiring an outside party to make the necessary repairs. The tenant should do that in good faith and should be reasonable in choosing who to make the repairs. This cost will probably be deducted from their next rent check.

Also, if the problem violates state or local building or health codes, a tenant may decide to contact the local authorities regarding the issue. If inspectors come out and find the problem, the landlord may face an order to fix the problem, plus possible fines and/or penalties.

8 0
3 years ago
Other questions:
  • Does a higher GDP imply high welfare. Why?
    14·1 answer
  • to earn as much interest as possible, you should open a savings account that earns _______ interest and has the ______ interest
    14·1 answer
  • Operational-level manufacturing systems deal with the firm's long-term manufacturing goals, such as where to locate a new plant.
    9·1 answer
  • The Holmes Company's currently outstanding bonds have an 8% coupon and a 10% yield to maturity. Holmes believes it could issue n
    12·1 answer
  • The accounting rate of return is computed as: a. Average annual income from the project divided by average annual investment. b.
    9·1 answer
  • Wilberton's has total assets of $537,800, net fixed assets of $412,400, long-term debt of $323,900, and total debt of $388,700.
    11·1 answer
  • Here is a list of activity times for a project as well as crashing costs for its activities. Determine which activities should b
    7·1 answer
  • The Perpetual Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $18,500 per year fo
    15·1 answer
  • Indifference curves close to the origin are ________ those farther from the origin because of ________. Group of answer choices
    6·1 answer
  • Explain three factors that had a negative impact on the financial performance of Unibic in its early years.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!