Bramble Corporation is a small wholesaler of gourmet food products.
Data regarding the s...
Business, 02.04.2020 20:07 maliyahclays
Bramble Corporation is a small wholesaler of gourmet food products.
Data regarding the store's operations follow: Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January.
Collections are expected to be 80% in the month of sale and 20% in the month following the sale.
The cost of goods sold is 75% of sales. The company would like maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold.
Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,000. Monthly depreciation is $15,000. Ignore taxes. Balance Sheet October 31
Assets Cash $ 20,000
Accounts receivable 70,000
Merchandise inventory 153,000
Property, plant and equipment, net of $572,000
accumulated depreciation 1,094,000
Total assets $ 1,337,000
Liabilities and Stockholders' Equity Accounts payable $ 254,000
Common stock 820,000
Retained earnings 263,000
Total liabilities and stockholders' equity $ 1,337,000
The cost of December merchandise purchases would be: Multiple Choice
a. $240,000
b. $255,000
c. $139,500
d. $235,500
Answers: 1
Business, 21.06.2019 14:40
Which website did you use to find the image you used in your career presentation? complete sentences are not necessary.
Answers: 1
Business, 21.06.2019 20:30
Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t
Answers: 2
Business, 22.06.2019 04:50
Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?
Answers: 2
Business, 22.06.2019 05:50
Emily spent her summer vacation in buenos aires, argentina, where she got plastic surgery for a fraction of what it would cost in the united states. this is an example of:
Answers: 2
History, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Social Studies, 14.09.2020 23:01
Social Studies, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
History, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Social Studies, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
French, 14.09.2020 23:01
English, 14.09.2020 23:01
French, 14.09.2020 23:01
English, 14.09.2020 23:01
Mathematics, 14.09.2020 23:01
Mathematics, 15.09.2020 01:01
Mathematics, 15.09.2020 01:01