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iris [78.8K]
3 years ago
12

Gross profit rate is 30% of sales. Expected January sales are $78,000 and desired January 31st inventory is $7,500. Assuming the

December 31st inventory is $6,200 what amount of purchases should this company budget for the month of January?
Business
2 answers:
Bond [772]3 years ago
4 0

Answer:

$55,900

Explanation:

Opening inventory - $6200

Closing inventory - $7500

Expected sales - $78000

Mark up = 30% of sales

Cost of sales =70/100*78000

$54600

Purchase = (closing inventory + cost of sales )- opening inventory

$(7500+54600)-6200

$62100-$6200 =$55900.

densk [106]3 years ago
4 0

Answer:

$53,300

Explanation:

The formula for Gross Profit is,

Sales - Cost of Goods Sold(COGS) = Gross Profit (GP)

Here we know that Gross profit is 30% of Sales, hence, Gross profit is $23,400. Therefore we now know that COGS will be $54,600.

Now to calculate purchases,

Opening Inv + Purchases - Closing Inv = COGS

7500 + X - 6200 = 54600

Hence Purchases will be = $53,300.

Hope this helps.

Thankyou.

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Beverage companies often use television commercials with images of young people laughing and enjoying themselves on a beach or i
kramer

Answer:

B. Self concepts

Explanation:

Self concepts is basically talls about how individuals perceives or look at their abilities, behavior, unique characteristics and so on. Now, those beverage companies portray people laughing and enjoying themselves while drinking their brand because they aim at selling that concept of happiness as everyone's self concepts revolves around being happy and enjoying one's self. Self concepts gives an idea an individual as on himself on basis of strength, weaknesses, status, contempt and so on.

4 0
3 years ago
Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for
Novay_Z [31]

Answer:

Joe's Pizza Parlor

The highest number of workers that Joe will hire if he must pay each one $35 a day is

4 workers.

If he wants to maximize his profits without satisfying customers' demand, Joe can choose to work with 2 or 3 workers.  However, he can renegotiate the worker's wages downwards.

Explanation:

a) Data and Calculations:

Price of pizza = $5

Wage per worker = $35/day

Number of Workers         0     1      2      3        4       5

Pizzas Baked Per Day      0    12   18     24     30     32

Total revenue                   0   60  90   120    150    160

Marginal revenue             0   60  30    30      30      10

Marginal cost of labor      0    35  70   105    140    175

Profit                                 0    25  20     15      10     -15

 

7 0
3 years ago
BlendIn, Inc. manufactures covers for blenders and toaster ovens. Because its product lines are similar, BlendIn can produce mos
Masja [62]
I’m pretty sure the answer is B $147,400
3 0
3 years ago
The person responsible for having the shipping papers on a ship carrying hazardous cargo is the
stira [4]
This would be the captain. If you need any further explaining, defining, or methods of answering, let me know and I'll do my best to help further. :)
8 0
3 years ago
Disinflation is defined as a:__________
Nina [5.8K]

Answer:

Option d (reduction in the rate of inflation) is the appropriate option.

Explanation:

  • Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
  • Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.

Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.

8 0
3 years ago
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