Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a) purchase of direct materials budgeted in januar

a) Purchase of direct materials budgeted in January amount to: $______________________ b) Cash payments to...

90.2K

Verified Solution

Question

Accounting

image

a) Purchase of direct materials budgeted in January amount to: $______________________

b) Cash payments to suppliers budgeted in January amount to: $______________________

QUESTION 2 (TOTAL: 7 MARKS) On January 1 of the current period, Gotham Corporation has direct materi hand of $82,000. f this amount, Gotham owes suppliers $51,000 on account. The company has prepared the following budget estimates for January Direct materials inventory, 1/3 1 Direct materials budgeted for use in January. Accounts payable to suppliers, 1/31 90.000 $309,000 $62,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Read “an introduction to XBRL” and answer the follow questions: a. What are the most important features...

Physics
1.2K views

An all electric car is designed to run from a bank of 12 0 V...

Statistics
1.2K views

Part 1 of 5 Points 0 of 1 a Identify the claim and state Ho...

Statistics
1.2K views

Determine whether the following results appear to have statistical significance and also determine whether the...

Algebra
1.2K views

Geometric Sequence What is the common ratio of the sequence 2 6 18 54 162...

Accounting
1.2K views

Cada una de las siguientes afirmaciones est justificada por un concepto contable. Une la...

Accounting
1.2K views

Your company is considering two potential new investments: Project B and Project C. Each is...

Accounting
1.2K views

James Anthony, attorney, P.C., began the year with total assets $177,000, liabilities of $112,000, and...

Accounting
1.2K views

8. If an investor is attempting to buy a stock that is very volatile, it...

Accounting
1.2K views

What is the best/better chart/graphic for this one? Com X S Micro X *...

Accounting
1.2K views

21)A small group of companies operate in an industry where all firms face the average...

Finance
1.2K views

Banks are generally prohibited from making loans exceeding more than 10 percent of their own...