Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
Tblack Tblack
wrote...
Go to Answer
Posts: 120
Rep: 0 0
3 years ago
The Snow Globe Emporium sells snow globes. The forecasted first quarter sales for The Snow Globe Emporium is shown in the top row of the table. The Snow Globe Emporium buys the snow globes from a distributor for $5 and sells them for $8. All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. Assume that The Snow Globe Emporium has a starting accounts payable balance of $15,000 at the beginning of February. What are the Snow Globe Emporium's Ending Accounts Payable in February?

Sales and Purchase Forecast
The Snow Globe Emporium
​JanuaryFebruaryMarchApril
Sales Forecast$32,000$48,000$60,800$75,200
Purchases from Suppliers ($)​​​​
Payments to Suppliers​​​​
​​​​ 
Beginning Accounts Payable​$15,000​​
Plus: Purchases  ​​ 
Less: Payments​​​​
Ending Accounts Payable$15,000​​​


▸ $15,000

▸ $23,000

▸ $23,500

▸ $24,000

▸ $26,500
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
Read 83 times
1 Reply
Replies
Answer verified by a subject expert
Ian1234Ian1234
wrote...
#1
Posts: 76
Rep: 0 0
3 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tblack Author
wrote...

3 years ago
Thanks
bbbbbbbh
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
shimyshiguy
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1550 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 849
  
 861
  
 299
Your Opinion
Do you believe in global warming?
Votes: 488
Previous poll results: Where do you get your textbooks?