oliwia0765
26.05.2021 •
Business
Concord Corporation reported the following information for 2016: OctoberNovemberDecember Budgeted sales$430000$400000$510000 Budgeted purchases$210000$226000$258000 Cost of goods sold is 35% of sales. Concord purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2016? $84000 $126000 $216000 $90400
Solved
Show answers
More tips
- C Computers and Internet How to Calibrate Your Monitor: Useful Tips and Recommendations...
- F Food and Cooking How to Calculate the Gender of Your Child with Blood?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- B Business Alma noted that her teacher had once visited the taj mahal in india. even though she normally doesn’t write down personal stories in her notes, this time it was okay because a....
- B Business In order to calculate marginal cost, producers must compare the difference in the cost of producing one unit to the cost ofpurchasing a unit.distributing that unit.producing the...
- B Business At the end of the current year, the following information is available for both Pulaski Company and Scott Company. Pulaski Company Scott Company Total assets $ 2,348,000 $ 1,217,000...
- B Business Describe what action should be taken in the following scenario. Situation: A commodities buyer wants to protect against price increases. Early reports indicate that the price...
- B Business Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a specified services business) that incurs qualified business income of $300,000....
- B Business Anyone wanna zoom right now i am a girl...
- E English Which word in the sentence is a direct object? edna saw a rabbit in the flower patch. a. rabbit b. patch c. flower...
- M Mathematics 1+2x=6x+11 how do i do this i’m so confused...
- H Health What statement regarding h-i-v is not accurate? a)you can contract aids through oral sex. b)you can contract aids through anal sex. c)you can contract aids through shared needles....
- E English Why is quindlen reluctant to define anything remotely resembling a national character...
Ответ:
a. $84,000
Explanation:
Given, credit purchases are 40% of the sales, will be collected in the following month
Credit purchase = Budgeted purchase * 40%
Credit purchase = $210,000 * 40%
Credit purchase = $84,000
So, the budgeted balance for Accounts Payable at October 31, 2016 is $84,000.
Ответ:
The bank's ratio of total capital to risk assets is 9.11%.
Explanation:
The capital adequacy ratio is calculated by dividing a bank's capital by its risk-weighted assets. The capital used to calculate the capital adequacy ratio is divided into two tiers.
CAR=
=
=
= 0.0911 * 100
=9.11%.