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1 year ago

Venus wholesale co. started carrying a new product in december. purchases and sales of this product during the month were:

1 answer:

7 0

During the month of December Venus Wholesale Co. purchased 140 units at $80 per unit on December 20 and sold 60 units on December 26. And on December 28 they purchased 140 units at $120 per unit. They started carrying the product in December.

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Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is be

Thepotemich [5.8K]

Answer:

Answer for the following statement is "C"

Explanation:

Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.

Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.

If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.

7 0

1 year ago

We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail

damaskus [11]

Explanation:

Strategic management is an evolution and a destination due to the fact that the organizational strategy is developed in pursuit of objectives and goals. This means that action plans for achieving goals can be changed according to internal or external interference.

A company's strategy is not inert, so strategic management will be carried out according to the market situation, the internal environment and other variables, so that there is monitoring, organization and strategic coordination of the company according to its environment.

4 0

1 year ago

Mercury Bag Company produces cases of grocery bags. The managers at Mercury are trying to develop budgets for the upcoming quart

IRINA_888 [86]

Answer: (a) Sales forecast $338,400, Production schedule $1,360 (b) Budgeted variable manufacturing cost per case $14, (c ) Total Manufacturing Cost $239,760

Explanation:

Sales forecast

Budgeted sales. 1,410

×Selling price per case 240

----------------

Budgeted sales. 338,400

Production schedule

Budgeted sales. 1,410

Targeted ending inventory 100

----------------

Cases budgeted to be available

For sale. 1,510

Less: Beginning inventory. 150

---------------

Planned production in unit 1,360

----------------

Manufacturing Cost budget

Direct materials ($8 × 1,410) 11,280

Direct Labour( $10 × 2) 20

Variable manufacturing overhead ($6 × 1,410) 8,460

----------------

Total variable manufacturing cost 19,760

Add: Fixed manufacturing overhead. 220,000

------------------

Total manufacturing cost. 239,760

-------------------

Variable manufacturing cost per case

= Total variable manufacturing cost / projected sales in units

= 19,760/ 1,410

= $14

Workings

Cases budgeted to be available for sales = Budgeted sales + Target ending inventory

= 1,410 + 100

= 1,510

6 0

2 years ago

Read 2 more answers

Hal E. Burton hospital can purchase a new machine (to be placed in an undisclosed location) for $1,000,000 that will provide an

Ksju [112]

Answer:

$153,000

Explanation:

The computation of the net present value is shown below:

= Present value of all cash inflows including salvage value after considering the discount factor - initial investment

where,

Present value is

= Four year cash inflows × PVIFA factor for 11.5% for 4 years + (one year cash inflow + salvage value) × discount rate for 11.50% at five year

= $300,000 × 3.0696 + ($300,000 + $100,000) × 0.5803

= $920,880 + $232,120

= $1,153,000

And, the initial investment is $1,000,000

So, the net present value is

= $1,153,000 - $1,000,000

= $153,000

4 0

1 year ago

Which of the following questions might be answered during the human resource planning process? Check all that apply. Would reali

REY [17]

Answer:

The correct answers are letters "B" and "C": Given the expected growth of the health care industry, will we need more salespeople with health care backgrounds? Can we get better results if we use a payroll company than by having an in-house payroll department?

Explanation:

Human Resources (HR) planning involves the plans firms have to forecast labor hand shortages or surpluses. The planning involves studies of the overall market to find out if there are events that might affect the operations of the businesses and opportunities that could require higher production levels, thus, more workers.

HR planning also looks at the internal factors of the company that influence the number of employees available to change like retirements. In such a scenario, examples of questions made during HR planning are:

Given the expected growth of the health care industry, will we need more salespeople with health care backgrounds?
Can we get better results if we use a payroll company than by having an in-house payroll department?

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1 year ago