Business, 06.06.2020 21:57 rubincain203
May Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the year: July - $80,000 August - $90,000 September - $70,000 Cost of goods sold is equal to 65% of sales. The company wants to maintain a monthly ending inventory equal to 130% of the Cost of Goods Sold for the following month. The inventory on June 30 is less than this ideal since it is only $65,000. The company is now preparing a Merchandise Purchases Budget. The budgeted purchases for July are: $52,000 $63,050 $47,450 $91,050
Answers: 2
Business, 21.06.2019 14:00
What is the quantity demanded when the price floor is $0.75 in the market for public transportation? a. 75,000 b. 116,000 c. 0 (zero) d. 100,000 e. 86,000?
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Business, 21.06.2019 18:30
Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t
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Business, 21.06.2019 20:30
What does the phrase limited liability mean in a corporate context?
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Business, 22.06.2019 15:00
Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?
Answers: 2
May Corporation, a merchandising firm, has budgeted sales as follows for the third quarter of the ye...
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