User Account

All Pages

Figure out the cost of goods sold for the months of october

Assignment Help Managerial Accounting
Reference no: EM132509901

Question 1: University Logos buy logo imprinted merchandise and then sells it to the university bookstore. Sales are expected to be 2 million in September, 2.16 million in October, 2.376 in November and 2.5 in December. University sets it prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $400,000 plus 15% of the next month cost of goods sold. Please help figure out the inventory, purchase, and cost of goods sold for the months of October and November.

Reference no: EM132509901

Questions Cloud

What is the rule on sec ethics : Do you think it's ethical for Company A to sponsor Company B (Company A's CEO owns 20% of Company B)? What's the rule on (SEC, Ethics, Corporate Governance)
What is the companys excess of cash available : The company's beginning cash balance for the upcoming fiscal year will be $69,200. What is the company's excess (deficiency) of cash available over disbursement
Venture capitalist has expressed interest in potentially : A venture capitalist has expressed interest in potentially funding new product and has asked for presentation of your business plan for innovative product
Determining the expected return on the market : Assume the annuities have a beta of 1.47, the expected return on the market is 12.4% and the risk free rate is 2.4%.
Figure out the cost of goods sold for the months of october : Figure out the inventory, purchase, and cost of goods sold for the months of October. University Logos buy logo imprinted merchandise and then sells
Global strategy and management : Describe How has the formation of the EU created new opportunities for member courtier?
Determining the forefathers fund : The Founders Fund has a beta of 1.1 and its expected return is 11.2%. The Forefathers Fund has a beta of 1.2 and its expected return is 12.1%
Analyze which project is better for the company : Analyze which project is better for the company using Net present value, Discounted payback period, Profitability index and Payback period
Determining the total for loan option : Assuming Aisling and Andrew will make payments for the entire life of the loan, how much would they pay in total for each loan option

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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