Coomb's Fashions forecasts sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for this quarter should be:
A. $91,500.
B. $91,000.
C. $25,000.
D. $134,000.
E. $109,000.
Answer: E
You might also like to view...
The marketing research proposal consists of many sections. The ________ section is normally a statement of the problem, including the specific components
A) problem definition/objectives of the research B) approach to the problem C) executive summary D) research design
Which of the following occurs when illegal financial incentives are given to higher-ranked public officials for decisions that usually include major infrastructure contracts, the purchasing of military equipment, or other major industry-based decisions?
a. Collusive peddling b. Petty corruption c. Grand corruption d. Influence peddling
Which of the following would not be an adjustment to net income using the indirect method?
A) depreciation expense. B) an increase in prepaid expenses. C) amortization expense. D) an increase in Land.
The digital form of globalization in the modern era is largely confined to advanced economies with large, multinational corporations.
Answer the following statement true (T) or false (F)