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
Andre45 [30]
3 years ago
8

On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a

n inventory of $105,000 on hand at the beginning of August. Net sales during July are expected to total $70,000, with a gross profit rate of 45%. During July, the company should purchase merchandise costing:
Business
1 answer:
AVprozaik [17]3 years ago
4 0

Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

           70,000 x (1 - 45%) =  38,500

desired ending inventory   105,000

beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

You might be interested in
john Hayes and Lynn Magosian, auditors for a public accounting firm, went to lunch at the Bay View Restaurant in San Francisco.
zloy xaker [14]

Answer:

John is correct but Lynn isn't

Explanation:

John is correct because he left his coat with the coatroom attendant under the premise that it would be properly looked after and returned to him when he was done having lunch at the restaurant. However, Lynn just left her coat lying around under no ones care or supervision, there wasn't a predetermined agreement that anyone would be responsible for watching it on her behalf, therefore I don't think she is has the right to sue.

3 0
3 years ago
Which of the following is not an example of<br> institutional consumers?
Murljashka [212]

Answer:

which of the following but where are the following broo

4 0
3 years ago
The date on which the principal amount is repaid to the bondholder is known as the​ ________.
blagie [28]
The answer is “Bond Maturity Date”.
8 0
1 year ago
See Chapter 19, sections 19.9 and Cases. The project will be a continuation of how to improve the process you chose in Competenc
vitfil [10]

I DON'T KNOW THE ANSWER I'm sorry

4 0
1 year ago
Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of
Svetach [21]

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

4 0
3 years ago
Other questions:
  • Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "ot
    13·1 answer
  • On January 4, 2013, Franc Company purchased for $27,000 a patent that had been filed 8 years earlier. The patent covers a manufa
    15·1 answer
  • What is a benefit of getting college credit in high school
    6·2 answers
  • When using the periodic system the physical inventory count is used to determine Select one: a. both the cost of the goods sold
    11·1 answer
  • Unions and productivity In some industries, the labor productivity of union workers exceeds the labor productivity of nonunion w
    10·1 answer
  • Marginal cost A) is the increase in total cost resulting from producing one more unit. B) is the average cost of production divi
    6·1 answer
  • In two to three sentences, glve examples of ways employees can take initiative.
    5·1 answer
  • Iship
    11·1 answer
  • Express the elements in pointwise which are required in employment notice​
    12·1 answer
  • The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!