Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the manager of mn company give you the following d

The manager of MN Company give you the following data to prepare the required purchases...

60.1K

Verified Solution

Question

Accounting

The manager of MN Company give you the following data to prepare the required purchases for the coming three months:

Estimated Sales for January: $60,000.00

Sales Increase by: 5% for the coming three months

Cost of Goods Sold: 60% of sales

Beginning Inventory: $10,000.00

Ending Inventory equal to: 20% of next month CGS.

Estimated purchases for February should be between:

a. 33k and 38k

b. 38k and 40k

c. 40k and 40.2k

d. 40k and 42k

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Balance following simple redox reaction Ca(s) + blank Fe+3(aq) blank + ca+2(aq) + Fe

Chemistry
Q

What environmental concerns in your area impact the ability of its inhabitants to breathe safely? What...

Medical Sciences
Q

Question 3 Points 2 You are given a list of objects Bowling ball Tennis ball...

Biology
Q

Use Simpson s Rule and all the data in the following table to estimate the...

Calculus
Q

Solve the word problem below 24 What is the perimeter of a rectangle that has...

Calculus
Q

Choose the correct graph below A Sketch an angle 0 in standard position such that...

Algebra
Q

how do regular dividends policies function in both perfect and imperfect capital markets? And how...

Accounting
Q

The production budget shows that expected unit sales are 47000. The total required units are...

Accounting
Q

Data Table Budgeted Amounts 4,500 Actual Amounts 5.300 $ 84,080 $ 78,480 4,905 5.255 $...

Accounting
Q

On September 1, 2016, Your Company lent $45,000 to Ace Company. It is a one...

Accounting
Q

Calculate Cost of Goods Manufactured Calculate Cost of Goods Sold Income Statement Show steps with...

Accounting
Q

D Question 5 0.5 pts Assume that the Federal Reserve decreases the money supply. This...

Finance