Answer:
Explanation:
![\left[\begin{array}{ccc}-&Simple Jeans&Fancy Jeans\\Production&353,500&196,000\\Ending&3,500&3,500\\Beginning&2,000&2,000\\Purchase&355,000&197,500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D-%26Simple%20Jeans%26Fancy%20Jeans%5C%5CProduction%26353%2C500%26196%2C000%5C%5CEnding%263%2C500%263%2C500%5C%5CBeginning%262%2C000%262%2C000%5C%5CPurchase%26355%2C000%26197%2C500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We need to purchase to fullfil the inventory for this amount of units.
<u>Now we have to calculate each component:</u>
![\left[\begin{array}{cccc}&denim material&zipper&thread\\Simple per unit&3&1&25\\Simple Quantity&106,5000&355,000&887,5000\\Fancy per unit&4.5&1&40\\Fancy Quantity&888,750&197,500&7,900,000\\Total Quantity&1,953,750&552,500&16,775,000\\Cost per unit&3.25&0.75&0.02\\Total Cost&6,349,687.5&414,375&335,500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26denim%20material%26zipper%26thread%5C%5CSimple%20per%20unit%263%261%2625%5C%5CSimple%20Quantity%26106%2C5000%26355%2C000%26887%2C5000%5C%5CFancy%20per%20unit%264.5%261%2640%5C%5CFancy%20Quantity%26888%2C750%26197%2C500%267%2C900%2C000%5C%5CTotal%20Quantity%261%2C953%2C750%26552%2C500%2616%2C775%2C000%5C%5CCost%20per%20unit%263.25%260.75%260.02%5C%5CTotal%20Cost%266%2C349%2C687.5%26414%2C375%26335%2C500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Next, we multply the purchase requirement per amount per tpye of unit. Once we got total quantity me multiply by the cost.
Hello there!
Answer:
The working capital ratio would be 2.38:1
Explanation:
To find the working capital ratio of a company, we would need to get the total assets and liabilities and divide them.
Assets:
You would have $285,000 in total assets
Liabilities:
You would have $120,000 in total liabilities.
Now, we would divide 285,000 by 120,000 in order to get your ratio.
Lets solve:
If you need to round, you would round the 5 over to the 7 to turn it to 8.
Your ratio would be 2.38:1
2.38:1 would be the CORRECT answer.
<span>I would give excellent customer service to every customer that walks in so they will spread the word that this store has great service, this will bring in more customers that need parts. I would also recommend to the manager to market the store by offering free gifts if they spend 50 dollars or more, or give out some sort of incentives, maybe a punch card, if you get 10 punches, you can have 50% off your next order.</span>
Answer: Commercial paper is a form of short-term financing that is primarily used by large, strong, financially stable companies.
Explanation:
Commercial papers a promissory notes which are issued by companies on a short term basis that are unsecured. It should be noted that that they are used by the strong, large, and financially stable companies.
Commercial paper are issued in order to finance payroll, and also meet a company's short-term liabilities.
Explanation:
The journal entry to record the uncollectible is shown below:
On December 31
Bad debt expense $800
To Allowance for doubtful debts $800
(Being the bad debt expense is recorded)
The computation is shown below:
= Sales × estimated percentage - credit balance of doubtful accounts
= $280,000 × 0.5% - $600
= $1,400 - $600
= $800
