answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jlenok [28]
2 years ago
14

Miles Company, a wholesaler, budgeted the following sales for the indicated months: June July August Sales on account $2700000 $

2760000 $2850000 Cash sales 270000 300000 390000 Total sales $2970000 $3060000 $3240000 All merchandise is marked up to sell at its invoice cost plus 20%. Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold. The cost of goods sold for the month of June is anticipated to be $2079000. $2376000. $2475000. $2284615.
Business
1 answer:
Alex Ar [27]2 years ago
8 0

Answer:

$2475000

Explanation:

The computation of the cost of goods sold for the June month is shown below:

As it is given that total sales of June is $2,970,000

And, the marked up is cost plus 20%

So based on the above information, the cost of goods sold is

= $2,970,000 × 100 ÷ 120

= $2,475,000

Therefore, all the other information which is given is not relevant. Hence, ignored it

You might be interested in
General Dynamics (GD) is a manufacturer of escalators.
MaRussiya [10]

Answer:

Cash flow from operating activities:

Interest earned in cash

Sale of inventory

Cash paid for interest

Payment to suppliers

Not a Cash Flow from Operating Activities:

Sale proceeds from equity investments

Cash paid to buy a new facility

Cash received in sale of equipment

Cash received from loan made to others

Repurchase of common stock

Cash dividends paid to shareholders

Explanation:

The items categorized under operating cash flows relate to transactions in the normal course of business while items grouped as non-operating cash flows items either relate to investment or financing activities of a firm.

For instance, sale of inventory would normally occur in the business day t day activities,as well as payments to suppliers.

5 0
2 years ago
estion. 10. Leticia walks down stairs, alternating her feet. Leticia is probably _______ year(s) old. A. four B. two C. one D. t
vovangra [49]
D. Three years old that is the correct answer
7 0
2 years ago
Read 2 more answers
Which of these is NOT a safe skill to employ in the presence of road workers?
QveST [7]

Answer:

  • <em><u>C. Drive at the posted speed limit</u></em>

Explanation:

The answer choices for this question are:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. Drive at the posted speed limit
  • D. Keep as much distance as you can while navigating around them

Since the conditions of the road are not the best, you should drive below the posted speed of limit.

The only presence of workers on the road represent a risk for them and for you.

The number of lanes are reduced, the road could present potholes, dirt, stones, or even some substances that make the pavement slippery. You could not have good visibility.

All those risks make that you have to be extremely careful, reduce your speed, lower than than the posted speed limit.

Thus, you should:

  • A. Keep alert and watch out for construction barrels or cones
  • B. Slow down even if you don't think you'll hit a road worker
  • C. <u>NOT </u>drive at the posted speed limit
  • D. Keep as much distance as you can while navigating around them

8 0
2 years ago
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
2 years ago
A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri
AlekseyPX

Answer:

Macaroni and cheese is an inferior good.

Explanation:

From the information given in the question, we can assume that macaroni and cheese are considered as an inferior good for this consumer because there is an inverse relationship between the income level of this consumer and the quantity demanded for macaroni and cheese.

If there is 10% increase in the income of an individual then as a result quantity demanded of macaroni and cheese decreases by 15% and the price of this good remains constant. This shows that macaroni and cheese is an inferior good.

6 0
2 years ago
Other questions:
  • Hungry lunch has net income of $73,402, a price-earnings ratio of 13.7, and earnings per share of $.43. How many shares of stock
    13·2 answers
  • A population gathers plants and animals for survival. They need at least 360 units of​ energy, 300 units of​ protein, and 8 hide
    8·1 answer
  • The Rogers Corporation has a gross profit of $704,000 and $333,000 in depreciation expense. The Evans Corporation also has $704,
    10·1 answer
  • Joel is more apt to have employees buy in to his proposed new attendance policy if he asks for employee ________.
    8·1 answer
  • A borrower has a 30-year, $500,000 loan with an interest rate of 6.25%. His monthly principal and interest payment is $3,078.59.
    8·2 answers
  • Suppose Friendly Airlines is considering signing a long-term contract with the union representing its pilots. Friendly Airlines
    5·1 answer
  • Choose one of the following scenarios as the basis for your speech. Scenario 1: Imagine that you have been invited to an upper-l
    5·1 answer
  • What is the present value of the cost of the kiln if the installation cost is treated as a separate current expense
    14·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    6·1 answer
  • Ruby wants to start her own business taking photographs. She already has her own camera, but needs to purchase lights, a photo p
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!