Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. new fashion forecasts sales of $302,000 for the qu

New Fashion forecasts sales of $302,000 for the quarter ended December 31. The company's gross...

50.1K

Verified Solution

Question

Accounting

New Fashion forecasts sales of $302,000 for the quarter ended December 31. The company's gross profit rate averages 20% of sales. Inventory as of September 30 is $102,000. If the December 31st inventory is targeted at $42,000, budgeted purchases for the quarter should be

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

Geometry
1.2K views

Determine the measure of each indicated angle Note the figure is not drawn to scale...

Biology
1.2K views

Science continuously moves forward and uncovers more and more about the human body. We have made...

Physics
1.2K views

Using a programming language of your choice: 1) generate a range of wavelengths, 2) compute corresponding...

Operations Management
1.2K views

The information contained within a paragraph is based on the topic sentence of a paragraph. The...

Biology
1.2K views

In relation to the type of spores they contain the sporangia in Lycopodium are while...

Physics
1.2K views

metal sphere of radius r and specific heat s is rotated about an axis passing...

Basic Math
1.2K views

Solving A Pet for P we obtain P Ae rt which is the present value...

Basic Math
1.2K views

A holiday toy drive is putting together baskets for children. There are 84 toys and...

Basic Math
1.2K views

a) Simplify (m8)4 and write your answer without using negative exponents.(b) Simplify (5y9)3 and write...

Calculus
1.2K views

Let I S e e 2x 1 Then for an arbitrary constant c the value...

Algebra
1.2K views

You need 450 mL of a 70 alcohol solution On hand you have 60 alcohol...

Accounting
1.2K views

The inventory system employing accounting records that continuously disclose the amount of inventory is called