QS 20-30A (Algo) Merchandising: Computing merchandise purchases LO P4 Montel Company’s July sales budget shows sales of $620,000. The company budgets beginning merchandise inventory of $60,000 and ending merchandise inventory of $36,000 for July. Cost of goods sold is 30% of sales. Determine the budgeted cost of merchandise purchases for July. Hint: Use the relation (Beginning Inventory + Purchases − Cost of Goods Sold = Ending Inventory) to solve for purchases.

The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u. s. dollars. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. then, again for each account, provide the exchange rate that would be necessary if a remeasurement is being made using the temporal method. the company was started in 2000. the buildings were acquired in 2002 and the patents in 2003. (round your answers to 2 decimal places.) exchange rates for 1 peso are as follows: 2000 1 peso = $ 0.28 2002 1 = 0.26 2003 1 = 0.25 january 1, 2015 1 = 0.24 april 1, 2015 1 = 0.23 july 1, 2015 1 = 0.22 october 1, 2015 1 = 0.20 december 31, 2015 1 = 0.16 average for 2015 1 = 0.19

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

In a chapter 7 bankruptcy, a debtor: