--%>
Assignment Help - homework help

Problem on sales and budget

XYZ Farm Supply data regarding the store's operations follow:

• Sales are budgeted at $480,000 for November, $430,000 for December, and $340,000 for January.

• Collections are expected to be 65% in the month of sale, 35% in the month following the sale.

• The cost of goods sold is 77% of sales.

• The company purchases 52% of its merchandise in the month prior to the month of sale and 48% in the month of sale. Payment for merchandise is made in the month following the purchase.

• Monthly selling & administrative expenses to be paid in cash are $20,900.

• Monthly depreciation is $21,700.

• Ignore taxes.

The net income for December would be:

A) $37,300
B) $56,300
C) $51,700
D) $35,300

   Related Questions in Mathematics

  • Q : Problem on inventory merchandise AB

    AB Department Store expects to generate the following sales figures for the next three months:                            

    		•
  • Q : Maths A cricketer cn throw a ball to a

    A cricketer cn throw a ball to a max horizontl distnce of 100m. If he throws d same ball vertically upwards then the max height upto which he can throw is????

    		•
  • Q : Mathematical Method for Engineers The

     The function is clearly undefined at , but despite all of this the function does have a limit as approaches 0. a) Use MATLAB and ezplot to sketch for , and use the zoom on facility to guess the . You need to include you M-file, outp

    		•
  • Q : Formulating linear program of an oil

    An oil company blends two input streams of crude oil products alkylate and catalytic cracked to meet demand for weekly contracts for regular (12,000 barrels) mind grade ( 7,500) and premium ( 4,500 barrels) gasoline’s . each week they can purchase up to 15, 000

    		•
  • Q : Who firstly discovered mathematical

    Who firstly discovered mathematical theory for random walks, that rediscovered later by Einstein?

    		•
  • Q : Formulating linear program of a

    A software company has a new product specifically designed for the lumber industry. The VP of marketing has been given a budget of $1,35,00to market the product over the quarter. She has decided that $35,000 of the budget will be spent promoting the product at the nat

    		•
  • Q : Problem on augmented matrix Consider

    Consider the following system of linear equations.  (a) Write out t

    		•
  • Q : Mathematical and Theoretical Biology

    Mathematical and theoretical biology is an interdisciplinary scientific research field with a range of applications in the fields of biology, biotechnology, and medicine. The field may be referred to as mathematical biology or biomathematics to stress the mathematical

    		•
  • Q : Problem on mass balance law Using the

    Using the mass balance law approach, write down a set of word equations to model the transport of lead concentration. A) Draw a compartmental model to represent  the diffusion of lead through the lungs and the bloodstream.

    		•
  • Q : Who derived the Black–Scholes Equation

    Who derived the Black–Scholes Equation?

    		•