Answer:
Dollar amount of purchases is 1,228,400.
Explanation:
Total purchase of suits is equal to Inventory at the end plus sales minus inventory at the beggining.
- Inventory at the beggining is 4,800
- Inventory at the end (management desire) = 6,800
- Budgeted sales = 12,800
- Purchase of suits = 6,800 + 12,800 - 4,800 = 14,800
The explanation is if i have 4,800 units at the beggining, and i want to sell 12,800, i will need to purchase the difference (8,000 units). Plus the existence needed at the end, 8,000 + 6,800 = 14,800.
The cost per unit is $83, so the total cost is 14,800 * 83 = 1,228,400.
Answer: The correct answer is "b. Debit $8, 780".
Explanation: The entry that should appear on november 15 for the remittance of the month's social security taxes is "Debit $8, 780"
Because the balance of $ 4390 in its Social Security tax payable account + the additional $ 4390 on its October 31 pay date = $ 8780.
Answer:
Price variance will be $4512.5 ( Unfavorable )
Explanation:
We have given standard material cost per yard = $2
Actual material cost per yard = $2.10
Standard yards per unit = 4.5
And actual yards per unit = 4.75
Units of production = 9500
Total number of actual quantity used = 9500×4.75 = 45125
So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5
So price variance will be $4512.5 ( Unfavorable )
Answer:
Threats in its external environment.
Explanation:
Situational analysis can be described as the thorough examination of the internal and external constituents of an organization.
Situational analysis is employed by different organizations to help identify their strengths and weaknesses. It helps to examine the capabilities of employees within an organization.
Situational analysis helps to identify the current strategies and activities that have been put in place inorder to solve problem. It also helps to get a clear insight into the different opinions and experiences of stakeholders.
Answer:
The probability that neither of both stocks increase is 0,14
Explanation:
The Complement Rule states that the sum of the probabilities of an event and its complement must equal 1.
The data we have is the probability that Stock A or B increase, we are looking for the probability that neither occur, so we have to use the complement of each one.
Complement of Stock A =1-0.54=0.46
Complement of Stock B =1-0.68=0.32
If we want to know the probability of both events happening we have to multiply both complements.
Probability that neither of these two events will occur= 0.46 x0.32= 0,1472