Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?
Seaworthy Company, a merchandising company, has prepared the following sales budget:
A) $24,800
B) $9640
C) $96,400
D) $9920
D) $9920
Calculation of beginning inventory on June 1:
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For a female leader, a suggested defense against negative attributions made by those around her is ______.
a. working and leading from home b. converting most followers to in-group members c. a strong self-concept d. creating a homogeneous environment
The computer tech salesperson is confronted with the no-need objection when her prospect says, "I am not interested in buying a scanner for my computer."
Answer the following statement true (T) or false (F)
On July 1, 20X8, Pair Logic Corporation acquires 75 percent of Systems Inc. common stock for its underlying book value. At the time of acquisition, the fair value of the noncontrolling interest is equal to its proportionate share of book value of Systems. On January 1, 20X8 Systems reported common stock of $100,000 and retained earnings of $130,000. For the year 20X8, Systems reports the following items: BeforeCombination(January 1 toJune 30)AfterCombination(July 1 toDecember 31)Sales$150,000 $160,000 Cost of Goods Sold 90,000 93,000 Depreciation Expense 20,000 20,000 Other Expenses 15,000 17,000 Net Income 25,000 30,000 Dividends 15,000 18,000 Pair Logic uses the equity method in accounting for this investment.Based on the preceding information, what is the
book value of shares acquired by Pair Logic on July 1, 20X8? A. $230,000 B. $240,000 C. $191,250 D. $180,000
Which of the following statements is true when we consider operations as a transformation system?
a. Raw materials and finished goods are considered part of the transportation process. b. Labor, capital, and energy are considered as inputs into the system. c. Finished products and services are in the middle stage of the transformation process. d. The communication from inputs to outputs is considered a feedback loop.