All categories

2 years ago

Production and sales estimates for June are as follows:

Business

1 answer:

barxatty [35]2 years ago

4 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Expected sales volume (units):

Area X 4,000

Area Y 10,000

Area Z 6,000

Unit sales price $25

The total budgeted sales are the result of multiplying the sales in units for the selling price:

Total sales= selling price* number of units

Total sales= (4,000 + 10,000 + 6,000)*25= $500,000

You might be interested in

A company operating under an EOQ policy enjoys rising annual demand for their products for three consecutive years. During this

Oduvanchick [21]

Answer:

Their order quantity will rise but the time between orders will fall.

Explanation:

Let's analyse the EOQ formula:

$Q_{opt} = \sqrt{\frac{2DS}{H}}$

If Demand increases

The dividend increase, so the quotient increase.

EOQ will rise.

Only options b and c are correct on that statment.

Now let's check the time between order:

$\frac{EOQ}{Demand} \times 365$

If we analyze the increase in demand:

√(2xΔDxS/H)/ ΔD

everything else is keep constant so we have:

√(CxΔD)/ ΔDx

If we use L'Hopital we can conclude this function limit is zero.

Anyway a more easy way to do it will be calculate with a demand of 1000

and then with a demand of 50,000 to notice how much the time between order decrease.

√(1000) / 1000 = 0.031622776

√(51000)/ 51000 = 0.004428074

so we have EOQ increase and days between order decrease.

Now only option B is correct !

8 0

2 years ago

Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit

KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

Yr1 cashflow inflow ; C01 = 235,000

Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

Yr4 cashflow inflow ; C04 = 875,000

Then key in IRR CPT = 23.119%

Therefore, the Internal rate of return this expansion is 23.12%

3 0

2 years ago

Assume the position of a consultant hired to assess the approach toward HR management taken by a client organization. What facto

SCORPION-xisa [38]

Answer and Explanation:

The factors which needs to be evaluated in determining whether an organization uses a traditional or strategic approach to managing its HR are the Responsibility for HR, Focus area, Role of HR, HR Initiatives, Time Horizon, Control, Job Design, Key Investments and Accountability

The specific questions that need to be answered are:

How are information and resources allocated and managed?

Is the HR strategy understood by all the employees?

Is the mission and strategy integrated with the organization's goals and objectives?

These questions should be asked to the upper management personnel who make strategic decisions in the company.

6 0

2 years ago

Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. No lip

77julia77 [94]

Answer:

a. see attachment

total equivalent units : Materials = 30,500 units and Conversion Costs = 16,860

cost per equivalent unit : Materials = $0.14 and Conversion Costs = $0.30

(a) units completed and transferred to Finished Goods = $6,732

(b) units still in process at June 30 = $1,196

Journals

Work In Process :Direct Materials $4,305 (debit)

Raw Materials $4,305 (credit)

Being Raw Materials used in Production

Work In Process :Direct Labor $3,320 (debit)

Salaries Payable $3,320 (credit)

Being Labor used in Production

Work In Process ; Overheads $1,738 (debit)

Overheads $1,738 (credit)

Being Overheads Assigned to Production

Finished Goods $6,732 (debit)

Work In Process $6,732 (credit)

Being Units transferred to Finished Goods

Explanation:

Calculation of Equivalent units of Production in respect with Raw Materials and Conversion Costs

1. Materials

Ending Work In Process (5,200 × 100%) 5,200

Completed and Transferred Out (15,300 × 100%) 15,300

Equivalent units of Production in respect with Raw Materials 30,500

2. Conversion Costs

Ending Work In Process (5,200 × 30%) 1,560

Completed and Transferred Out (15,300 × 100%) 15,300

Equivalent units of Production in respect with Conversion Cost 16,860

Calculation of Cost per Equivalent unit of production in respect with Raw Materials and Conversion Costs

Unit Cost = Total Cost ÷ Total Equivalent units

1. Materials

Unit Cost = $4,305 ÷ 30,500

= $0.14

2. Conversion Costs

Unit Cost = ($3,320 + $1,738) ÷ 16,860

= $0.30

3. Total unit cost

Total unit cost = Material Cost + Conversion Cost

= $0.14 + $0.30

= $0.44

Calculation of costs assigned to (a) units completed and transferred to Finished Goods and (b) units still in process at June 30.

(a) units completed and transferred to Finished Goods

Total Cost = units completed and transferred out × total unit cost

= 15,300 × $0.44

= $6,732

(b) units still in process at June 30.

Total Cost = Materials Cost + Conversion Cost

= $0.14 × 5,200 + $0.30 × 1,560

= $1,196

8 0

2 years ago

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a

BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues $31,000

Expenses ($17,100)

Net profit $13,900

Astro Corporation Statement of Changes in Shareholder Equity

Common stock APIC Ret. earnings Total

Balance Jan. 1 $10,000 $14,000 $24,000

Net income $13,900 $13,900

Dividends ($2,000) ($2,000)

Balance Dec. 31 $10,000 $14,000 $11,900 $35,900

Astro Corporation Balance Sheet

Assets Liabilities

Cash $35,900 $0

Shareholders' equity

Common stock $10,000

APIC $14,000

Retained earnings $11,900

Total $35,900 Total $35,900

Astro Corporation Statement of Cash Flows

Cash flows from operating activities:

Revenues $31,000

Expenses ($17,100)

Cash from operating activities $13,900

Cash flows form financing activities:

Stock issuance $24,000

Dividends paid ($2,000)

Cash from financing activities $22,000

Net increase in cash $35,900

6 0

2 years ago