trixxytang
12.08.2019 •
Business
Successful online retailers such as amazon and zappos use technology to create a person in the moment shopping experience: true or false.
Solved
Show answers
More tips
- A Animals and plants How to Properly Care for a Pet Decorative Rabbit at Home?...
- C Computers and Internet How to Check the Speed of My Internet?...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- W Work and Career How to Write a Resume That Catches the Employer s Attention?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
Answers on questions: Business
- B Business You have been the assistant manager at a small deli for the past three years, and you have made friends with many of the customers. you are thinking about opening up your...
- B Business your father has refused to sponsor you to study journalism.he has chosen for you write a letter to a family friend requesting him to convince your father to Chang his mind...
- M Mathematics Whats the slope of 23,1 and 2,6 whats the slope of -2,2 and 4,-4 whats the slope of 10,4 and 7,4 whats the slope of 2,7 and 0,0 whats the slope of 3,-2 and -1,3...
- S Social Studies 4ways society was changed at home during ww1...
- B Business Aclerk takes 3/4 h to process 9 applications. solve for the time the clerk will take to finish the process of 1 application....
- C Chemistry Baking soda has a ph of 9, and household ammonia has a ph of 12. this means that ammonia is times more basic than baking soda....
- C Chemistry How many protons neutrons and electrons does argon have?...
- H History 2responsibilities of federal government...
- B Business One of the basic ways in which services differ from products is that production and consumption are from each other. consequently, service providers often include options...
- M Mathematics How much do american families spend on entertainment each month. a survey was conducted and the amounts spent on entertainment in the previous month were recorded. assuming...
Ответ:
Ahmed Company
a. Computation of the budgeted merchandise purchases:
May June July August
Cash payments $1,400,000 1,550,000 1,400,000 1,500,000
Ending balance 150,000 130,000 300,000 120,000
Total $1,550,000 $1,680,000 $1,700,000 $1,620,000
less:
Beginning balance 150,000 130,000 300,000
Purchases $1,550,000 $1,530,000 $1,570,000 $1,320,000
b. Computation of the budgeted cost of goods sold:
May June July August
Beginning Inventory 260,000 500,000 300,000
Purchases 1,550,000 1,530,000 1,570,000 1,320,000
Goods available for sale 1,550,000 1,790,000 2,070,000 1,620,000
Ending Inventory 260,000 500,000 300,000 330,000
Cost of goods sold $1,290,000 $1,290,000 $1,770,000 $1,290,000
Explanation:
a) Data and Calculations:
Accounts Payable Merchandise Inventory
31-May 150,000 260,000
30-Jun 130,000 500,000
31-Jul 300,000 300,000
31-Aug 120,000 330,000
b) Ahmed Company's purchases of merchandise can be obtained by reviewing the Accounts Payable beginning and ending balances and the cash payments made during the months. Alternatively, monthly Accounts Payable can be prepared and the differences in the debit and credit side will be the purchases as the missing figure.
c) Once the purchases of merchandise have been computed, to compute the cost of goods sold becomes easier. The cost of goods sold for Ahmed Company is the difference between the cost of goods available for sale and the ending inventories of merchandise.