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2 years ago

The direct materials budget is prepared using information from the ________ budget.

Business

1 answer:

xeze [42]2 years ago

7 0

Answer: Production budget

Explanation:

The production budget is basically permit the organization for tracking the cost and all the production details that is required for the inventory necessary requirement of an organization.

The production budget is also known as the financial plan of the company for estimating the overall production budget by proper scheduling.

The one of the main factor of the production budget is the sales target as it basically calculated the total number of products that are manufactured in an organization.

Therefore, Production budget is the correct answer.

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Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the m

BabaBlast [244]

Answer:

The answer is below

Explanation:

The graph is attached below.

a) The price elasticity of demand is given by:

price elasticity of demand = $\frac{\%\ change\ in\ quantity }{\%\ change\ in\ price}=\frac{\Delta Q}{\Delta P}$

$\Delta Q=\frac{Q_2-Q_1}{(Q_2+Q_1)/2} \\\\\Delta P=\frac{P_2-P_1}{(P_2+P_1)/2}$

Price of elasticity demand = $\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} }$

Price of elasticity demand = $\frac{\frac{50-100}{(50+100)/2} }{\frac{4.5-4}{(4.5+4.0)/2} }=\frac{-0.6667}{0.1176} =5.7$

Since the price of elasticity demand > 1, it is elastic

b) Price of elasticity demand = $\frac{\frac{200-300}{(200+300)/2} }{\frac{3-2}{(3+2)/2} }=\frac{-0.4}{0.4} =1$

Since the price of elasticity demand = 1, it is unitary

c) Price of elasticity demand = $\frac{\frac{400-450}{(400+450)/2} }{\frac{1-0.5}{(1+0.5)/2} }=\frac{-0.1176}{0.6667} =0.18$

Since the price of elasticity demand < 1, it is inelastic

6 0

2 years ago

Flora and Fauna Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age

vladimir2022 [97]

Answer:

$6,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Since the Allowance for Doubtful Accounts has a credit balance of $1,200 before adjustment at December 31, 2016, the additional amount to be allowed

= $7200 - $1200

= $6000

This will be posted as

Debit Bad debt expense $6000

Credit Allowance for doubtful debt $6000

4 0

1 year ago

When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit

Bas_tet [7]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity is used to measure the change in demand as a result of a change in price.

Formula is;

= % change in Quantity/ % change in Price

a. Suppose the price increases from $1.00 to $1.50. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

$=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5$

% Change in Price using midpoint formula

$=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4$

= -0.5/0.4

= -1.25

b. Suppose the price decreases from $1.50 to $1.00. The price elasticity of demand is:

% change in Quantity using the midpoint formula;

$=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5$

% Change in Price using midpoint formula

$=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4$

= 0.5/-0.4

= -1.25

7 0

1 year ago

1. Which of the following ratios are key components in measuring a company's operating efficiency? (You may select more than one

mrs_skeptik [129]

Answer:

Explanation:

1. c. Return on total assets checked

d. Total asset turnover checked

2) b. Debt ratio

3) d. Working capital

4) c. Accounts receivable turnover checked

8 0

1 year ago

Read 2 more answers

If information processing was perfect, many studies conclude that individuals would tend to make __________ decisions using that

blondinia [14]

Answer: a. less than fully rational; behavioral biases

Explanation: Information processing errors consist of forecasting errors , overconfidence and conservatism which can lead investors to misestimate the true probabilities of possible events or associated rates of return; and assuming information processing was perfect, individuals would tend to less-than-fully rational decisions due to behavioral biases as confirmed by several studies.

4 0

2 years ago