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Author Question: Esther Baskets Company expects to manufacture and sell 20,000 baskets in 2016 for 5 each. There are ... (Read 158 times)

melina_rosy

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on: Jul 5, 2018
Esther Baskets Company expects to manufacture and sell 20,000 baskets in 2016 for 5 each. There are 4,000 baskets in beginning finished goods inventory with target ending inventory of 5,000 baskets. The company keeps no work-in-process inventory.
 
  What amount of sales revenue will be reported on the 2016 budgeted income statement?
  A) 105,000
  B) 100,000
  C) 95,000
  D) 55,000

Question 2

An account in the chart of accounts is assigned a number at random.
 a. True
   b. False
   Indicate whether the statement is true or false


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meganlapinski

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Reply #1 on: Jul 5, 2018
Answer to Question 1

Answer: B

Answer to Question 2

False


melina_rosy

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

6ana001

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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