Maplehaven Sporting Goods Store has the following sales budget: Suppose June sales are expected to be $
Question:
Maplehaven Sporting Goods Store has the following sales budget:
Suppose June sales are expected to be $ 80,000 rather than $ 64,000. Revise Maplehaven’s salesbudget.
Transcribed Image Text:
MAPLEHAVEN SPORTING GOODS STORE Sales Budget Four Months Ended July 31 May April 40,80064,00051.200 40800 196,800 June July Total Cash sales (80%) (20%) $10,000: $80000-4 00-1000 T 246 00 0,200 16,00 12,80 10,200 49,200 5100080000 64,00051,000 $246,000 Total sales
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
MAPLEHAVEN SPORTING GOODS STORE Sales Budget Four Months Ended July 31 ...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Cost Accounting questions
-
Sales for October, November, and December are expected to be $200,000, $180,000, and $220,000, respectively, for the Gurumai Company. All sales are on account (terms 2/15, net 30 days) and are...
-
Sales for Ross Pros Sports Equipment are expected to be 4,800 units for the coming month. The company likes to maintain 10 percent of unit sales for each month in ending inventory . Beginning...
-
Sales for Western Boot Stores are expected to be 40,000 units for October. The company likes to maintain 15 percent of unit sales for each month in ending inventory (i.e., the end of October)....
-
As programs become more complex, it becomes increasingly important to plan or "design" your code before writing it. Designing your code will help you organize its logic. It will also help you keep...
-
A quantity of ice at 0.0C was added to 33.6 g of water at 21.0C to give water at 0.0C. How much ice was added? The heat of fusion of water is 6.01 kJ/mol and the specific heat is 4.18 J/(gC).
-
The CEO of Mannix, Inc., evaluates financial statement information for five distinct operating segments: Appliances, Heathcare, Transportation, Financial services, and Other stuff. Operating profit...
-
A hydraulic engineer wants to analyze steady flow in a rectangular channel featuring a hydraulic jump immediately downstream from a sluice gate that is open to a vertical clearance of \(3...
-
Helen, age 17, wanted to buy a Harley-Davidson Sportster motorcycle. She did not have the funds to pay cash but persuaded the dealer to sell the cycle to her on credit. The dealer did so partly...
-
This problem is similar, except that your record will contain: two shorts (say a and b); three longs (m, n, and p); an array (2) of three ints; space for a string of up to 10 characters (s),...
-
Haynes, Inc., obtained 100 percent of Turner Company's common stock on January 1, 2020, by issuing 8,200 shares of $10 par value common stock. Haynes's shares had a $15 per share fair value. On that...
-
Refer to the Yoders schedule for cash receipts from customers that you prepared in Short Exercise S22- 9. Now assume that Yoders sales are collected as follows: 50% in the month of the sale 30% in...
-
The following are some of the components included in the master budget of a merchandising company. a. Budgeted balance sheet b. Sales budget c. Capital expenditures budget d. Budgeted income...
-
Find equations of (a) The tangent plane (b) The normal line to the given surface at the specified point. x 2 2y 2 + z 2 + yz = 2, (2, 1, 1)
-
The NFF Corporation has announced plans to acquire LE Corporation. NFF is trading for $48 per share and LE is trading for $74 per share, implying a premerger value of LE of approximately $4.5...
-
TK Implements is an unusual company that will operate for one year, generate cash flow just once, and then shut down. The value of TK Implements today is $4,075,600, a figure which includes both the...
-
The stock of Harford Inc. is about to pay a $0.22 dividend. It will pay no more dividends for the next month. Consider call options that expire in one month. If the interest rate is 5% APR (monthly...
-
Loki, Inc., and Thor, Inc., have entered into a stock swap merger agreement whereby Loki will pay a 22% premium over Thors premerger price. If Thors premerger price per share was $42 and Lokis was...
-
Calculate Idekos unlevered cost of capital when the market risk premium is 6% rather than 5%, the risk-free rate is 5% rather than 4%, and all other required estimates are the same as in the chapter.
-
The following E(t) curve was obtained from a tracer test on a reactor. E(t)=0.25t04 t in minutes, and E(t) in min 1 . The conversion predicted by the tanks-in-series model for the isothermal...
-
As indicated by mutual fund flows, investors tend to beat the market seek safety invest in last year's winner invest in last years loser
-
A study of small business failures found that owners generally cited factors such as economic depression or strong competition as causes. However, creditors of these failed businesses were much more...
-
Refer to the Rapp Hardware information in Exercise E26-19. Assume the project has no residual value. Compute the ARR for the investment. Round to two places. E26-21 Using the time value of money...
-
Sharon wants to take the next five years off work to travel around the world. She estimates her annual cash needs at $34,000 (if she needs more, she will work odd jobs). Sharon believes she can...
-
Eon Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $920,000. Projected net cash inflows are as follows:...
-
Provide a numerical example to illustrate how carry trade works?
-
If there are 3 6 0 million people living in the U . S , and 2 7 0 million are eligible workers while 1 5 0 million are in the labor force with 3 . 6 % unemployed, what is the number of unemployed...
-
Refer to the information provided in Figure 8.8 bele to answer the questis that MC Coper 12 ATC P-MR 200 700 1000 1400 Bushels of soybeans 283 Figure 8.8 26) Refer to Figure 8.8. This farmer's...
Study smarter with the SolutionInn App