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Dahl Manufacturing Is Making Its Operating Budget for the 4th

question 41

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Dahl Manufacturing is making its operating budget for the 4th quarter of 2012. Sales are forecast at $60,000 in October, $65,000 in November, and $70,000 in December. Cost of goods sold it 40% of sales. Expenses are budgeted as follows: Dahl Manufacturing is making its operating budget for the 4<sup>th</sup> quarter of 2012. Sales are forecast at $60,000 in October, $65,000 in November, and $70,000 in December. Cost of goods sold it 40% of sales. Expenses are budgeted as follows:     How much are the total operating expenses in December? A) $29,800 B) $30,300 C) $30,050 D) $29,990 Dahl Manufacturing is making its operating budget for the 4<sup>th</sup> quarter of 2012. Sales are forecast at $60,000 in October, $65,000 in November, and $70,000 in December. Cost of goods sold it 40% of sales. Expenses are budgeted as follows:     How much are the total operating expenses in December? A) $29,800 B) $30,300 C) $30,050 D) $29,990 How much are the total operating expenses in December?

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Definitions:

Dividends

Payments made to shareholders out of a company's profits, usually on a quarterly basis, representing a portion of the company’s earnings distributed to its stockholders.

Cash

Cash refers to money in the physical form of currency, such as banknotes and coins, which represents immediate value for transactions or reserves.

Stock

Financial instruments representing ownership in a company and a claim on a portion of its assets and earnings.

Accumulated Earnings

The total net income of a company retained within the business after dividends are paid, without distribution to shareholders.

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