The company would like to maintain ending merchandise

Reference no: EM13593751

Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

• Sales are budgeted at $340,000 for November, $360,000 for December, and $350,000 for January.
• Collections are expected to be 55% in the month of sale, 44% in the month following the sale, and 1% uncollectible.
• The cost of goods sold is 80% of sales.
• The company would like to maintain ending merchandise inventories equal to 70% 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 $23,100.
• Monthly depreciation is $21,000.
• Ignore taxes.

Reference no: EM13593751

Questions Cloud

An observer that is standing 12m from a stereo sound : an observer that is standing 12m from a stereo sound speaker perceives the sound level from the speaker to be 60

The armature of a simple ac generator has 30 circular : the armature of a simple ac generator has 30 circular loops of wire each with a radius of 10 cm. it is rotated with a

Describe the role of managerial accounting in your current : describe the role of managerial accounting in your current or former place of business. if you have not been employed

A student exchanges the stock headphones b1 89 db for her : a student exchanges the stock headphones b1 89 db for her mp3 player for a new set that is louder b2 94.5db. if the

The company would like to maintain ending merchandise : brarin corporation is a small wholesaler of gourmet food products. data regarding the stores operations followbull

A point on the rim of a 071-m-diameter grinding wheel : question a point on the rim of a 0.71-m-diameter grinding wheel changes speed at a constant rate from 11 ms to 25 ms in

Runcke motor company manufactures automobiles during : runcke motor company manufactures automobiles. during september 2011 the company purchased 5000 head lamps at a cost of

Astudent hears a sound with an intensity of l 1610-6 wm2 : the human ear can detect a minimum intensity of lo 10-12 wm2. a student hears a sound with an intensity of l 1610-6

If 600 j of heat are added to 50 g of water initially at 20 : if 600 j of heat are added to 50 g of water initially at 20 degrees c.how much energy is this in calories?what is the

User Account

All Pages