Business, 20.03.2020 00:07 cyberdac01
Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of June. The company projects a 9 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $33,000, and the desired ending inventory balance for July is $34,000. Widden pays cash to settle 75 percent of its purchases on account during the month of purchase and pays the remaining 25 percent in the month following the purchase. The accounts payable balance as of June 30 was $37,000.
A. Determine the amount of purchases budgeted for July?
B. Determine the amount of cash payments budgeted for inventory purchases in July?
Answers: 1
Business, 22.06.2019 18:00
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
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Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
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Business, 22.06.2019 20:00
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
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Widden Company, which sells electric razors, had $320,000 of cost of goods sold during the month of...
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