J. J. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2014. He ended 2013 with 2,500 completed hives in inventory and would like to complete operations in 2014 with at least 2,800 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $4.00 per 1,000 bees. The
hives sell for $15.00 each. What would be the total of the 2014 sales budget of Johnson?
A) $378,000
B) $375,000
C) $379,500
D) $376,500
B
You might also like to view...
If there are additional investments by the owner during the period, the balance sheet supplies all the necessary information to prepare the financial statements
Indicate whether the statement is true or false
A plan that lists the types and amounts of selling expenses expected during the budget period is called a(n):
A. Purchases budget. B. Selling expense budget. C. General and administrative budget. D. Sales budget. E. Capital expenditures budget.
Incorporation statutes usually provide only for involuntary dissolution of a corporation
a. True b. False Indicate whether the statement is true or false
Give at least two reasons why safety rules may not be obeyed.
What will be an ideal response?