User Account

All Pages

Prepare bedgeted income statement for july

Assignment Help Financial Accounting
Reference no: EM132560945

sales plan 2020

may..........$60000

june.........$80000

july.............$100000

august......$120000

a. selling aprice unit$10

b. cost of goods per a units is$. 6 variable operating expenseare 20%of sales

c. inventory maintained at 150%of the next months sales in units

d. fixed operating expenses are $180000 per year allocated for each month proportionally.

required

Question 1: prepare purchase budget in $for july 2020?

Question 2: prepare bedgeted income statement for july 2020

Reference no: EM132560945

Questions Cloud

What entry would Oswego make on April : Oswego Clay Pipe Company sold $46,500 of pipe to Southeast Water District #45 on April 12, What entry would Oswego make on April 12
Determine what decision take with regards to the supplier : Determine what decision he should take with regards to the supplier and raw material. Support your answer with any cases or guidelines you consider relevant
Define effect of empathetic sensitivity on your relationship : Reflect on the feeling of being really understood. Identify one recent occasions when you felt that another person really understood what you were expierencing.
What is the balance in the allowance for sales returns : False Value Hardware began 2018 with a credit balance of $31,600 in the allowance for sales returns account. What is the balance in allowance for sales return
Prepare bedgeted income statement for july : Prepare bedgeted income statement for july 2020 and prepare purchase budget in $for july 2020? inventory maintained at 150%of the next months sales in units
Discovery of mitochondrial dna support : The Mitochondria is the power-house of every cell in our body.
Discuss about traditional and automated warehouses : Let's look at an analysis from 2009 which studied automated vs. manual warehouses: a different way of thinking about ROI to gain perspective.
What is the amount of fixed costs : $24000 on revenues of $300000 the variable cost as percentage of revenues are 70%. The income tax rate is 40% what is the amount of fixed costs?
What are the major steps to the scientific method : What are the major steps to the scientific method. What step do you think is the most important and why?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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