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Category > Business & Finance Posted 28 Apr 2017 My Price 7.00

Big Sound

WIN 7 C G ezto.mheducation.com/hm.tpx?_=0.021043072881173464_1492820251417 value: 4.00 polnts Big Sound, a merchandising company specializing in home computer speakers. budgets its monthly cost of
goods sold to equal 70% of sales. Its inventory policy calls for ending inventory in each month to equal 20%
of the next month‘s budgeted cost of goods sold. All purchases are on credit, and 40% of the purchases in a
month is paid for in the same month. Another 30% is paid for during the first month after purchase, and the
remaining 30% is paid for in the second month after purchase. The following sales budgets are set: July,
$300,000; August, $240,000; September, $270,000; October, $225,000; and November, $215,000. (Hint
For part 1, refer to Exhibits 22A.1 and 22A.2 for guidance. but note that budgeted sales are in dollars for
this assignment.) (1) Compute the budgeted merchandise purchases for July, August, September, and October. Budgeted ending inventory
Required available inventory Required purchases (2) Compute the budgeted payments on aocountspayeble for September and October. . 7 July purchases
August purchases
September purchases October purchases July purchases ‘ ‘
August purchases

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SuperTutor
(15)
Status NEW Posted 28 Apr 2017 07:04 AM My Price 7.00

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