Barretts fashion forecasts sales

Assignment Help Accounting Basics
Reference no: EM13122088

Barrett's fashion forecasts sales of 125,000 for the quarter ended december 31 Its gross profit reate is 20% of sales and its september 30inventory is 32,500 If the december 31 inventory is targeted at 41,500 budgeted purchases for the fourth quarter should be:

Reference no: EM13122088

Questions Cloud

Explain why do you think this was the dominant political : Give a definition of "laissez faire" economics. (An economic doctrine that opposes government regulation of or interference in commerce.) Explain why do you think this was the dominant political and legal view in the 1800s and early 1900s?
Find the probability for exactly two coins are tails : Suppose three fair coins are flipped. Find the probability for each of the following events. Exactly two coins are tails.
What is one characteristic that some archaea possess : What is one characteristic that some archaea possess that bacteria and eukarya do not?
Illustrate the basic environments in which business operates : Illustrate the basic environments (legal, social, economic) in which a business operates. You are encouraged to use the library for additional sources to support your description. Remember to use APA format for in-text citations and aligned refer..
Barretts fashion forecasts sales : Barrett's fashion forecasts sales of 125,000 for the quarter ended december 31 Its gross profit reate is 20% of sales and its september 30inventory is 32,500 If the december 31 inventory is targeted at 41,500 budgeted purchases for the fourth quar..
How much heat is released : How much heat is released when 4.50 g of methane gas is burned in a constant-pressure system? CH4 (g) + 2O2(g) -> CO2 (g) + 2H2O(l) H=-890kJ
Safety of drinking water : Discuss an element of drinking water where you see a public health gap or need that should be addressed. You may bring up a specific case relevant to your community if you have one, or bring up a global issue.
What carries genes for antibiotic resistance in prokaryotes : What carries genes for antibiotic resistance in prokaryotes?
Preparing the journal entry for transaction : At the start of february pete's had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal entry for this transaction.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identifying accounting concepts

The role and process of recognising depreciation in accounting reports, and by identifying accounting concepts which provide the justification for recognising depreciation.

  Changes in income and price of goods

Suppose a consumer has a daily income of $100 and purchases just two goods A and B.  The price of good A is $5 and the price of good B is $4.

  Computing price of forward contract

What is the forward price of your contract? Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. What is the price of a forward contract otherwise identical to yours?

  Calculate the amount of over- or underapplied overhead

The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Tax savings from special tax treatment

Daniel figures that he has loss of $60,000 on each stock. If Daniel's marginal tax rate is 35 percent and he has $120,000 of other capital gains (taxed at 15 percent), what is tax savings from the special tax treatment?

  Compute the contribution margin per person

Suppose the sorority encouraged its members to drive to the hotel and did not charter the buses. Further, a planned menu change will reduce the cost per meal by $2. If each member will still be charged $40, compute the contribution margin per pers..

  Preparation of pro forma balance and interpretation

Prepare a pro forma balance sheet dated December 31, 2008. Discuss the financing changes suggested by the statement prepared in part A.

  Choose the correct answer from the statements below

Three potential investments projects (A, B, and C) at Clouse Corporation all require the same initial investment, have the same useful life (three years), and have no expected salvage value

  What the term consolidated financial statements means

Peter Company obtains all of the common stock of Sam Inc. by issuing 50,000 shares of its own stock. Under these circumstances, why might the determination of an acquisition price be difficult?

  Scenario of internal control case

Identify some additional control procedures that the company might implement to reduce the monthly loss from theft of office supplies by employees.

  Recording cash and stock dividends

Prepare journal entries to record the three dividend "events" that took place during 2011. If the company's common stock was value at $135 per share when the stock dividend was declared, what would the stock price be just after the dividend shares ..

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