MC Qu. 82 Brownsville Novelty Store prepared the Brownsville Novelty Store prepa
ID: 2512024 • Letter: M
Question
MC Qu. 82 Brownsville Novelty Store prepared the Brownsville Novelty Store prepared the following budget information for th . Sales are budgeted at $360,000. All sales are on account and a provision Inventory was $84,000 on April 30; an inventory increase of $12,000 is pla . All inventory is marked to sell at cost plus 50 percent. . Estimated cash disbursements for selling and administrative expenses for t Depreciation for May is projected at $6,000. Brownsville's budgeted gross profit for May is: O $120,000o. O $180,00o. $198.000. O $252.000 O $240.000.Explanation / Answer
A. $120,000
Brownsville's Budgeted Gross Profit for May is:
= $360,000 - $240,000
= $120,000
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