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Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 14, 2015



Title: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May
Post by: bernie2981 on Nov 14, 2015
Sander Enterprises prepared the following sales budget:

Month   Budgeted Sales
March   $8,000
April   $13,000
May   $12,000
June   $14,000

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What are the total purchases budgeted for April?
A) $9,360
B) $7,680
C) $7,920
D) $7,440


Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,00
Post by: nuclei on Nov 15, 2015
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Title: Re: Sander Enterprises prepared the following sales budget:MonthBudgeted SalesMarch$8,000April$13,000May
Post by: bernie2981 on Dec 1, 2015
Wow! Thank you