Answer:
The sales budget is prepared below. See table below.
Explanation:
<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>
Sales budget
Month Units Revenue($)
January 41,000 1,435,000
February 38,000 1,330,000
March 50,000 1<u>,750,000</u>
<u>4,515,000</u>
Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35
Answer:
$1,000
Explanation:
Beginning balance in supplies account = $200
The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.
If at the end of the month, only $600 of supplies was still on hand total supplies expense
$200 + $1,400 - supplies expense = $600
supplies expense = $200 + $1,400 - $600
= $1,000
The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.
<span>If gasoline taxes were significantly increased in the united states, then all of the above. I</span><span>t is likely that roads would become safer and the environment would become cleaner, other taxes, such as income taxes, could be lowered and some of the government regulations that require automakers to produce more fuel-efficient cars would become unnecessary.
If the government were to impose higher taxes on gasoline all of these outcomes could happen because they all relate to the use of gasoline and how it hurt our environment. If less people were using the gas, more eco friendly vehicle options would likely be on the market. </span>
Answer:
D. $4,000
Explanation:
For Anderson Antiques the following have been given
Opening balance= $4,000
Cash receipts (inflow)= $365,000
Cash disbursed (outflow)= $370,000
Desired reserve= $3,000
So cash at end of day= Opening balance + cash inflow - cash outflow
= 4,000+ 365,000- 370,000
= - 1,000
Remember we want a cash reserve of $3,000 so we take it out of closing balance
Final figure= -1,000-3000= -$4,000
So shortfall of $4,000
Answer:6 units @5.8usd, 12 units @4.0usd. Total 82.8usd
Explanation: Fifo means first in first out. Then first to sell 23 units on 29 unit from march 1st
