Business, 26.11.2019 22:31 drcarver

Nieto company's budgeted sales and direct materials purchases are as follows. budgeted sales budgeted d. m. purchases january $200,000 $30,000 february 220,000 36,000 march 250,000 38,000 nieto's sales are 30% cash and 70% credit. credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. nieto's purchases are 50% cash and 50% on account. purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase.

instructions
(a) prepare a schedule of expected collections from customers for march.
(b) prepare a schedule of expected payments for direct materials for march

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

In general, as long as the number of firms that possess a particular valuable resource or capability is less than the number of firms needed to generate perfect competition dynamics in an industry, that resource or capability can be considered and a potential source of competitive advantage.answers: valuablerareinimitableun-substitutable

Answers: 1

Answer

Business, 22.06.2019 20:40

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.

Answers: 2

Answer

Business, 23.06.2019 09:30

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.

Answers: 1

Answer

Business, 23.06.2019 12:30

"richard wants to know how his company handles late lunches but does not want to ask anyone. instead, he watches others take late lunches and observes the manager's reaction. richard is"

Answers: 3

Answer

You know the right answer?

Nieto company's budgeted sales and direct materials purchases are as follows. budgeted sales budgete...

Questions