The following are budgeted data for the Bingham Corporation, a merchandising company:
Budgeted Sales (at retail):
January $300,000
February $340,000
March $400,000
April $350,000
Cost of goods sold as a percentage of sales 60%
Desired ending inventory 75% of next month sales
Assume that all purchases are paid for in the month following the month of purchase. The cash disbursements for purchases that would appear in the April cash budget would be:
A) $240,000 B) $217,500 C) $180,000 D) $157,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following are budgeted data for the Bingham Corporation, a merchandising company: Budgeted Sales (at retail): January $300,000 February ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is a product's life cycle? О А. the course of a product's sales during its lifespan B. the correct use of the marketing mix OC. the length of time of a product's life OD an outline that each product follows
Answers (1)
When Setting Prices For Products Businesses Want To Make Sure They Can Cover Their Costs And Make
Answers (1)
Atech has fixed costs of $11.2 million and profits of $4 million. Its competitor, ZTech, is roughly the same size and this year earned the same profits, $4 million. However, ZTech operates with fixed costs of $1.56 million and lower variable costs.
Answers (1)
Which of the following is an example of direct foreign investment? a. exporting to a country. b. establishing licensing arrangements in a country. c. purchasing existing companies in a country. d.
Answers (1)
Which sector is insurance in 1. primary 2. secondary 3. tertiary
Answers (1)
New Questions in Business
Farah is an engineer with an idea for a flexible solar energy material that would have a wide range of military and civilian applications. She estimates that she will need approximately $300,000 to develop a prototype.
Answers (1)
Can you slowly put drug money in your bank account
Answers (1)
Selma deposited a paycheck for $378.42. She'll use the check register to record her transaction. What will be her new balance? $2,257.99 $2,337.06 $3,014.83 $3,057.31
Answers (2)
A company recently paid out a $4 per share dividend on their stock. Dividends are projected to grow at a constant rate of 5% into the future, and the required return on investment is 8%.
Answers (1)
What is the average tax rate for a firm with taxable income of $118,740 in 2017? Taxable Income Tax Rate $ 0 - 50,000 15 % 50,001 - 75,000 25 75,001 - 100,000 34 100,001 - 335,000 39 Group of answer choices 34.87 percent 39.00 percent 24.
Answers (1)