--%>
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 : What is the probability that the film

    T.C.Fox, marketing director for Metro-Goldmine Motion Pictures, believes that the studio's upcoming release has a 60 percent chance of being a hit, a 25 percent chance of being a moderate success, and a 15 percent chance of being a flop. To test the accuracy of his op

    		•
  • 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 : Numerical solution of PDE this

    this assignment contains two parts theoretical and coding the code has to be a new. old code and modified code will appear in the university website .

    		•
  • Q : Explain lognormal stochastic

    Explain lognormal stochastic differential equation for evolution of an asset.

    		•
  • Q : Problem on Nash equilibrium In a

    In a project, employee and boss are working altogether. The employee can be sincere or insincere, and the Boss can either reward or penalize. The employee gets no benefit for being sincere but gets utility for being insincere (30), for getting rewarded (10) and for be

    		•
  • Q : Explain Factorisation by trial division

    Factorisation by trial division: The essential idea of factorisation by trial division is straightforward. Let n be a positive integer. We know that n is either prime or has a prime divisor less than or equal to √n. Therefore, if we divide n in

    		•
  • Q : Abstract Algebra let a, b, c, d be

    let a, b, c, d be integers. Prove the following statements: (a) if a|b and b|c. (b) if a|b and ac|bd. (c) if d|a and d|b then d|(xa+yb) for any x, y EZ

    		•
  • Q : Ordinary Differential Equation or ODE

    What is an Ordinary Differential Equation (ODE)?

    		•
  • Q : Elementary Logic Set & Model of a

    Prove that Elementary Logic Set is a Model of a Boolean Algebra The three Boolean operations of Logic are the three logical operations of  OR ( V ), AN

    		•
  • Q : Mean and standard deviation of the data

    Below is the amount of rainfall (in cm) every month for the last 3 years in a particular location: 130 172 142 150 144 117 165 182 104 120 190 99 170 205 110 80 196 127 120 175

    		•