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
stealth61 [152]
3 years ago
6

Um Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw materials

purchases in November is $286,032. The company pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. The budgeted accounts payable balance at the end of November is closest to:
Business
1 answer:
Zepler [3.9K]3 years ago
4 0

Answer:

$171,619.20

Explanation:

Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:

Using this formula

Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)

Let plug in the formula

Budgeted accounts payable balance=$286,032 - ($286,032*40%)

Budgeted accounts payable balance=$286,032 - $114,412.80

Budgeted accounts payable balance= $171,619.20

Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20

You might be interested in
A year ago, you purchased 300 shares of Stellar Wood Products, Inc. stock at a price of $8.62 per share. The stock pays an annua
Galina-37 [17]

Answer:

D. -$1,116

Explanation:

Total amount of purchase = number of shares * price per share

= 300 * $8.62

= $2,586

Total dividends received = number of shares * dividend per share

= 300* $0.10

= $30

Total proceeds from sale of shares = number of shares sold  * price per share

= 300* $4.80

= $1,440

Total dollar return = (Total proceeds from sale of shares + Total dividends received - amount of purchase)

= $1,440 + $30 - $2,586

= -1,116

3 0
3 years ago
There would be other changes, too. The "cola wars" were escalating [in the 50s and 60s], and there was a new, all powerful weapo
Tresset [83]

Answer:

The correct answer is: television.

Explanation:

The "Cola Wars" refers to the increasing competition between worldwide known soft drinks Coca-Cola and PepsiCo during the 50s and 60s. Those decades were characterized by rapid changes in the world and the soda business was not left behind. In those years,  a powerful source for marketing was introduced: the television. This boosted propaganda for the drinks of the two companies.

7 0
3 years ago
Usually, most of an adult's income comes from
Zigmanuir [339]
JOBS ARE THE SOURCE OF INCOME
5 0
3 years ago
Determine whether each scenario is an example of tax avoidance or tax evasion. Andrea keeps a record of all her business-related
Brums [2.3K]

Answer:

1. Tax avoidance

2.Tax avoidance

3.Tax evasion

Explanation:

Tax avoidance refers to a legal way of reducing one's tax liability through lawful deductions. Ways to reduce tax liabilities are; capitalizing on tax advantage retirement accounts, liasing with tax advisor on the legal way for tax avoidance. Tax avoidance is however legal.

Examples of tax avoidance are;

1. Andrea keeps a record of all her business related expenses.

2. Daniel claims the amount of interest paid for his mortgage as tax deductions.

Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.

Example of tax evasion is ;

3. Christian did not report the tips he earned on his tax return.

7 0
3 years ago
Criminal investigation help please
Yakvenalex [24]
It cant be B because the exit wound is usually big , so im going with A
5 0
3 years ago
Read 2 more answers
Other questions:
  • A useful guideline in designing policies and operating procedures that facilitate good strategy execution is ________.
    13·1 answer
  • The following information relates to Novak Corp. for the year 2022. Retained earnings, January 1, 2022 $58,560 Advertising expen
    9·1 answer
  • Patrick Enterprises recently installed a parking lot. The paving costs were $38,750, and the lighting costs were $20,000. In add
    14·1 answer
  • If real gdp per capita in the united states is $8,000, what will real gdp per capita in the united states be after 5 years if re
    11·2 answers
  • Identify two different forms of income that are taxable
    14·1 answer
  • A market-penetration pricing strategy is most suitable when Answer . A) a low price slows down market growth B) production and d
    8·1 answer
  • Xui is studying for her chemistry exam. After reviewing the information she learns in lecture and from the textbook, she takes p
    12·2 answers
  • 1. Explain the meaning of Newton's Law of<br>Gravitation.​
    15·1 answer
  • Investors expect the market rate of return this year to be 14.50%. The expected rate of return on a stock with a beta of 1.2 is
    7·1 answer
  • The York Company has arranged a line of credit that allows it to borrow up to $64 milion at any time. The interest rate is .640
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!