What is the budgeted gross profit

Assignment Help Accounting Basics
Reference no: EM13145046

A company recorded sales of $160,000 during march. management expects sales to increase 5% in april, 3% in may, adn 5% in june. cost of goods sold is expected to be 70% of sales. What is the budgeted gross profit for june?

Reference no: EM13145046

Questions Cloud

Calculate the ph of each of the following solutions : Calculate the pH of each of the following solutions. (a) 0.500 M HONH2 (Kb = 1.1 10-8) (b) 0.500 M HONH3Cl
Prepare the journal entry at the date of bond purchase : (a) Prepare the journal entry at the date of the bond purchase. (b) Prepare a bond amortization schedule. (c) Prepare the journal entry to record the interest received and the amortization for 2009.
Describe coronary artery disease : Differentiate between myocardial ischemia and myocardial infarction including the pathophysiology and manifestations of each.
Failure to record accrued interest on notes payable : Failure to record accrued interest on notes payable in 2012; that amount was recorded when paid in 2013. (5) Failure to record amortization of patent in 2013.
What is the budgeted gross profit : A company recorded sales of $160,000 during march. management expects sales to increase 5% in april, 3% in may, adn 5% in june. cost of goods sold is expected to be 70% of sales. What is the budgeted gross profit for june?
Contrast stable, unstable, and prinzmetal angina : Describe the etiologies, pathophysiology, and manifestations associated with the inflammatory diseases of the heart: rheumatic heart disease, endocarditis, myocarditis, and pericarditis.
Explain design a car that works with photovoltaic panels : You are expected to design a car that works with photovoltaic panels. Assume that the driver is 75kg and the expected speed is 50km/hr.
What is present value of tax savings related to operating : Assume a tax rate of 40 percent and that current losses can be used to offset taxable income in future years. What is present value of tax savings related to the operating losses in years 1 and 2?
How much of the other reagent is left over : Consider the following reaction:   3CaCO3 + 2FePO4 = Ca3(PO4)2 + Fe2(CO3)3  a) which of the following reagents is the limiting reagent?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Provide the fund level entries in general journal

The Central Stores Fund of Cook City provides centralized management of purchasing, storage, and issue of supplies for the entire City. For the following summarized transactions and events for the year ended June 30, provide the fund level entries..

  Accounting model of business valuation

What does the accounting model of business valuation focus on?

  Spot-money and bond markets

Expalin how Wal-Mart could use the international bond market to finance the establishment of new outlets in foreign markets.

  Examining the financial statements of gamma corporation

Jones was engaged to examine the financial statements of Gamma Corporation for the year ended June 30. Having completed an examination of the investment securities, which of the following is the best method of verifying the accuracy of recorded di..

  How do the transactions in the divorce agreement affect

Arnold and Barbara Cane were divorced in June 2011. Pursuant to the divorce decree, Arnold is obliged to perform as follows.

  Find how much may harry deduct as travel expenses for trip

The cost of meals and lodging while on vacation was $300 and $500, correspondingly. Find how much may Harry deduct as travel expenses for trip?

  Determining transaction fee of underwriting

Sherman Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction.

  Determining computer forsenics

A 14- year old girl is missing after having an argument with her parents. They call the police at midnight on May 28. A police investigator shows up within 30 minutes to interview them and finds out that the girl spent a lot of time on the interne..

  Case study sections

Focus on the Case Study sections VIII-XV, pp. 20-39 and use your knowledge of the Motiwalla & Thompson textbook, chapters 5-9 inclusive and at least 6 academically sound external sources, to develop your report.

  Total variable cost and average fixed cost per unit

compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the..

  Determining recognized gain or loss

On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?

  Determining incremental cost of one unit

Direct materials $4, Direct labor $12, Variable support costs $32, and Fixed support costs $22. In the short term, the incremental cost of one unit is:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd