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Author Question: The Snow Globe Emporium sells snow globes. The forecasted first quarter sales for The Snow Globe ... (Read 107 times)

NguyenJ

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on: Apr 25, 2021
The Snow Globe Emporium sells snow globes. The forecasted first quarter sales for The Snow Globe Emporium is shown in the top row of the table. The Snow Globe Emporium buys the snow globes from a distributor for $5 and sells them for $8. All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. Assume that The Snow Globe Emporium has a starting accounts payable balance of $15,000 at the beginning of February. What are the Snow Globe Emporium's Ending Accounts Payable in February?

Sales and Purchase Forecast
The Snow Globe Emporium
​JanuaryFebruaryMarchApril
Sales Forecast$32,000$48,000$60,800$75,200
Purchases from Suppliers ($)​​​​
Payments to Suppliers​​​​
​​​​ 
Beginning Accounts Payable​$15,000​​
Plus: Purchases  ​​ 
Less: Payments​​​​
Ending Accounts Payable$15,000​​​

◦ $15,000
◦ $23,000
◦ $23,500
◦ $24,000
◦ $26,500
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by NguyenJ on Apr 25, 2021

shaikhs

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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NguyenJ

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

cassie_ragen

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

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