Question: D 8. Two executives within Hall Corporation have different estimates for the company's performance next year: The sales manager estimates sales revenue for the year


D 8. Two executives within Hall Corporation have different estimates for the company's performance next year: The sales manager estimates sales revenue for the year will be $680,000 with cost of goods sold equal to 60 percent of sales revenue. The marketing manager estimates sales revenue for the year will be $520,000 with cost of goods sold equal to 55 percent of sales revenue. This year's ending inventory is $18,000 and next year's ending inventory is budgeted to be $23,000. What would Hall Corporation's budgeted inventory purchases be using the sales manager's estimates? Enter answer.. D 9. Two executives within Hall Corporation have different estimates for the company's performance next year: The sales manager estimates sales revenue for the year will be $680,000 with cost of goods sold equal to 60 percent of sales revenue. The marketing manager estimates sales revenue for the year will be $520,000 with cost of goods sold equal to 55 percent of sales revenue. This year's ending inventory is $18,000 and next year's ending inventory is budgeted to be $23,000. What would Hall Corporation's budgeted inventory purchases be using the marketing manager's estimates? Enter answer... D 10. Bushman, Inc.'s 2019 income statement is given below: Sales $440,000 Revenue Cost of Goods $260,000 Sold Gross $180,000 Profit Selling & Admin. $66,000 Expenses Net $114,000 Income Bushman estimates that revenue will increase by 12% while cost of goods sold will increase by 10% in 2020. Selling and administrative expenses are expected to remain at the same percentage of sales as in 2019. What would Bushman's estimated net income for 2020 be on a pro forma income statement? Enter
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