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lys-0071 [83]
2 years ago
9

Wallace Company provides the following data for next year: Month Budgeted Sales January $120,000 February 108,000 March 132,000

April 144,000 The gross profit rate is 40% of sales. Inventory at the end of December is $21,600 and target ending inventory levels are 30% of next month's sales, stated at cost. Purchases budgeted for January total:
Business
1 answer:
IRISSAK [1]2 years ago
6 0

Answer:

$69,840

Explanation:

Data provided;

Month        Budgeted Sales

January      $120,000

February    $108,000

March         $132,000

April            $144,000

Gross profit rate is 40% of sales it means cost of goods sold is 60% of sales

Target ending inventory levels = 30% = 0.3

Therefore,

Purchases budgeted for January total

= ( $120,000 × 0.6 ) + ( $108,000 × 0.6 × 0.3 ) - $21,600

= $72,000 + $19,440 - $21,600

= $69,840

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Answer:

$28.53

Explanation:

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$4.30 (1.099)^-1 + $8.40 (1.099)^-2 + $11.25 (1.099)^-3 + $13.40 (1.099)^-4

$3.91 + $6.95 + $8.48 + $9.19

$28.53

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You are an industry analyst for the telecom sector. You are analyzing financial reports from two companies: tt & t Inc. and
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B is carret because I try and solve this
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Suppose a firm produces with a technology that exhibits constant returns to scale at all levels of production. The firm's inputs
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Answer:

Not change

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3 0
2 years ago
In November 2004, Kraft Foods sold its confectionery business to Wrigley for $1.85 billion cash, which consisted primarily of th
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Answer:

The correct answer is letter "B": Sell-off.

Explanation:

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4 0
1 year ago
Toni makes apple pies for the local bakery. When Toni works with an assistant, she produces 60% more apple pies and works 20% fe
lions [1.4K]

Answer:

200 % is the answer.

Explanation:

Toni makes x be apple pies .

and Jane works for y hours.

therefore, he makes x apple pies in y hours

which implies he makes \frac{x}{y} apple pies per hour  

Now with help of an assistant:  

Toni  makes 60% more  apple pies  i.e. x + 0.6x = 1.6x  apple pies

works 20% less i.e. y - 0.2y = 0.8y hours

therefore, now together they make 1.6x/0.8y apple pies per hour \frac{\frac{1.6x}{0.8y} }{\frac{x}{y} } X 100

simplifying we get

200

Hence % increase in output PER HOUR is 200.

6 0
2 years ago
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