Plack company budgeted the following information for 2013: may june julybudgeted purchases $104,000 $110,000 $102,000• cost of goods sold is 40% of sales. accounts payable is used only for inventory acquisitions.• plack purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.• selling and administrative expenses are budgeted at $30,000 for may and are expected to increase 5% per month. they are paid during the month of acquisition. in addition, budgeted depreciation is $10,000 per month.• income taxes are $38,400 for july and are paid in the month incurred. compute the amount of budgeted cash disbursements for july. cash disbursementscompute the amount of budgeted cash disbursements for july.*why do/don't we include the $10,000 from the budeted depreciation ?

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Jason started last week with $900 in his checking account. during the week, he wrote the checks below. at the end of the week, jason received a paycheck for $534.59. he recorded all of these transactions in his check register. trans typ./ check no. date description of transaction payment/ debit deposit/ credit (+) balance 900 00 241 12/4 miller's food market 53.21 53 21 groceries 846 79 242 12/7 frank's auto parts 24.05 24 05 oil and filter 822 74 243 12/8 mike's barber shop 15.00 15 00 haircut 807 74 deposit 12/9 paycheck 534.59 534 59 1,342 33 evaluate jason's check register. a. jason did a good job; everything is correct. b. the final balance is wrong; jason did not add everything correctly. c. jason should have written debit instead of deposit for the transaction type. d. jason entered the amount for his paycheck in the wrong column.

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?