sales for january are budgeted at 40,000 units and the company expects sales to increase 5% each month. the company's policy is to have an ending inventory each month that is equal to 20% of the units expected to be sold in the next month. based on this information, how many units will need to be purchased in february?
Answers
This statement makes clear that 33,280 units must be purchased during February.
What is meant of inventory?Inventories is the collective term for all products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. If one newspaper seller uses a vehicle to deliver newspapers to customers, just the newspapers will be considered inventories. The vehicle will be regarded as an asset.
Briefing:Sales for January are budgeted a 40,000 units, and the company expects sales to increase 5% each month.
Sales of February are budgeted = 40,000 + 40,000 x 5% = 41,600 units
In February, units must be acquired since February's ending inventory is the sum of February's sold units less February's starting inventory.
This firm's policy is to maintain monthly ending inventory at 20% of total units.
Therefore,
Inventory ending in February equals inventory starting in February equals inventory ending in January, or 20% of units.
In February, units must be acquired.= 20% + 41,600 - 20% = 33,280 units.
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Related Questions
How do management accountants help managers make business decisions?
Answers
Answer:
Relevant costs analysis
Audience targeting
Make or buy evaluations
Define Budgets
Explanation:
mark me brainlist plese
Assume that eggnog and cookies are complements. if the price of eggnog goes up, what happens to the demand for cookies?
Answers
If the price of eggnog goes up, demand for cookies decreases. Thus, option B is correct.
What is the price?
The quantity of cash provided or established as payment in exchange for the acquisition of a specific item. the price is determined with the help of the cost of production and the purchase price. the price is often the way that is being paid.
As the people will be spending more money on the purchase of eggnog than the people to be more cost-efficient, then that person will have to reduce the purchase in the purchase of cookies. Therefore, option B is the correct option.
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The question is incomplete, the complete question will be:
a. demand for cookies increases
b. demand for cookies decreases
c. demand for cookies remains unchanged
d. the shift in demand will depend on the original price of cookies
Costas Company has beginning and ending raw materials inventories of $64,000 and $80,000, respectively. If direct materials used were $310,000, what was the cost of raw materials purchased?
a. $310,000.
b. $330,000.
c. $294,000.
d. $326,000.
Answers
The cost of raw materials purchased for Costas Company based on provided data is $326,000. Therefore, the correct option is d.
To find the cost of raw materials purchased for Costas Company, follow these steps:
1. Note the beginning raw materials inventory: $64,000
2. Note the ending raw materials inventory: $80,000
3. Note the direct materials used: $310,000
4. Use the formula:
Raw materials purchased = (Direct materials used + Ending raw materials inventory) - Beginning raw materials inventory
5. Plug in the values:
Raw materials purchased = ($310,000 + $80,000) - $64,000
6. Calculate:
Raw materials purchased = $390,000 - $64,000
7. Calculate:
Raw materials purchased = $326,000
The cost of raw materials purchased for Costas Company is $326,000, hence option d is correct.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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On October 31, 20X5, West Company received a condemnation award of $450,000 as compensation for the forced sale of a warehouse. On this date the warehouse, including the land on which it was situated, had a book value of $275,000. During December 20X5, West purchased a parcel of land for a new warehouse site at a cost of $125,000. West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Answers
Answer:
$175,000
Explanation:
Calculation to determine West should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of
Using this formula
Gain on condemnation=Compensation for the forced sale-Book value
Let plug in the formula
Gain on condemnation=$450,000-$275,000
Gain on condemnation=$175,000
Therefore what should report on its income statement for the year ended December 31, 20X5, a gain on condemnation of property of $175,000
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of Chicago's best restaurants for a period of three years. Additionally, Xuechen signed a non-competition agreement that stated she agreed not work as a chef for any other restaurant in the Chicago city area for a period of five years. Shortly after she began working, Xuechen left her employer to work as a manager at another Chicago restaurant. Has Xuechen breached either of the contracts she signed
Answers
Answer: Yes, the employment contract has been breached, but the non-competition agreement has not been breached.
Explanation:
The options are:
a. Yes, the employment contract has been breached, but the non-competition agreement has not been breached.
b. No, the employment contract has not been breached, but the non-competition agreement has been breached.
c. Yes, both contracts have been breached.
Based on the information given in the question, we can state that the employment contract has been breached. This is because Xuechen signed an employment contract to work as a chef for one of Chicago's best restaurants for a period of three years but she left shortly to work as a manager at another Chicago restaurant. On the other hand, the non-competition agreement has not been breached.
Please help me with this credit card assignment! (Personal Finance) I need this done by tomorrow! Please help! I’d greatly appreciate it!
Credit Card #1
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
1 percent for the first six months after you open the account.
After six months, APR will be 24 percent.
Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date
Annual Fee
$0
Other Fees
cash advance fee: the greater of $5 or 3 percent of the amount of the cash advance; late payment fee: $30; over-the-limit fee: $30
Credit Card #2
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
19.9 percent
Grace Period
a minimum of twenty-five days to repay without a finance charge if previous balance is paid in full by the due date
Annual Fee
$20
Other Fees
cash advance fee: the greater of $3 or 3 percent of the amount of cash advance; late payment fee: $30; over-the-limit fee: $20; returned check fee: $20
Credit Card #3
Truth in Lending Disclosure Statement
Annual Percentage Rate (APR)
19.9 percent
Grace Period
a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date
Annual Fee
annual membership fee: $50
annual participation fee: $60 ($5 charged monthly)
Other Fees
cash advance fee: $20; balance transfer fee: $25; late payment fee: $20. over-the-limit fee: $20
(Part One)
Read each of the above Truth in Lending Disclosure Statements and answer the questions that follow.
What happens to the interest rate after six months for credit card #1?
Which credit cards have an annual fee?
Is the grace period the same for each of these credit cards?
What fees does credit card #3 have that the other cards do not?
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?
1. What happens to the interest rate after six months for credit card #1?
2. Which credit cards have an annual fee?
3. Is the grace period the same for each of these credit cards?
4. What fees does credit card #3 have that the other cards do not? 5.
As a good steward, you will pay your credit card bill on time and you will pay the balance each month. Which credit card is the best for you?
(Part Two)
Go online or visit a financial institution to find information about three credit cards. Some credit cards offer incentives, such as miles toward a free flight or 1 percent back on every dollar you spend. Research information about annual fees, APR, and incentives that credit cards offer. Write two paragraphs of 250 words total, one paragraph about the three credit cards you researched and one paragraph stating which credit card would be best for you and why.
Answers
Explanation:
Part One:
After six months, the APR for credit card #1 will be 24 percent.
Credit card #1 and credit card #2 do not have an annual fee. Credit card #3 has an annual membership fee of $50 and an annual participation fee of $60 ($5 charged monthly).
Yes, the grace period is a minimum of twenty-five days to repay without finance charges if the previous balance is paid in full by the due date for all three credit cards.
Credit card #3 has a balance transfer fee of $25 that the other cards do not have.
As a good steward who pays their credit card bill on time and pays the balance each month, credit card #1 would be the best option as it has a 0 percent APR for the first six months, no annual fee, and the same grace period as the other cards.
Part Two:
After researching three credit cards, I found that Credit Card A has an annual fee of $95, an APR of 17.49 percent to 24.49 percent, and offers 2 miles per dollar spent on travel and dining. Credit Card B has no annual fee, an APR of 15.49 percent to 25.49 percent, and offers 1.5 percent cashback on every dollar spent. Credit Card C has an annual fee of $550, an APR of 16.99 percent to 23.99 percent, and offers a wide range of travel benefits, including access to airport lounges, a $200 annual airline credit, and 5 points per dollar spent on air travel and hotels.
Based on my research, I believe that Credit Card B would be the best option for me. While Credit Card A offers good rewards for travel and dining, the annual fee is quite high. Credit Card C also has a high annual fee, and while the travel benefits are appealing, I don't travel enough to make full use of them. Credit Card B, on the other hand, has no annual fee and offers a competitive cashback rate on every dollar spent, making it a good choice for everyday use. Additionally, the APR range is comparable to the other cards, and the grace period is the same as the other cards, giving me the flexibility to pay my balance in full each month without incurring finance charges.
what is the full meaning of "SWOT"
Answers
Answer:
Strengths, Weaknesses, Opportunities, and Threats analysis
Explanation:
Strengths, Weaknesses, Opportunities, and Threats analysis
An organization of high school seniors performs services for patients at Leer Hospital. These students are volunteers and perform services that the hospital would not otherwise provide, such as wheeling patients in the park and reading to patients. Leer spent $1,500 on a recognition banquet and awards for these volunteers. Leer has no employer-employee relationship with these volunteers, who donated 4,000 hours of service to Leer during the year. At the minimum wage rate, these services would amount to $20,600, while it is estimated that the fair value of these services was $25,000. In Leer's statement of activities, what amount should be reported for donated services
Answers
"An organization of high school seniors performs services for patients at Leer Hospital."The amount that should be reported for donated services is 0$. This is further explained below.
What have donated services?Generally, donated services are simply defined as Contributed premises, advantageous financial agreements, or donated services are all ways in which a nonprofit might benefit from the generosity of others.
In conclusion, free labor, A unique collection of abilities is required, and we were going to buy it anyhow.
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as a business within the company, hr has three product lines, one of which involves contributing to the company's strategy by understanding how hr can provide a competitive advantage. this is known as .
Answers
As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.
What is a strategic partner?These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.
Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form of financial exchange.
Therefore, this strategy is known as being a strategic partner.
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distribution requirements planning helps to synchronize supply chain partners at the a. primary storage level. b. secondary delivery level. c. primary schedule level. d. master schedule level.
Answers
The main answer is d. master schedule level. Distribution Requirements Planning (DRP) helps to synchronize supply chain partners at the master schedule level.
This means that DRP assists in aligning the production and distribution plans of various partners in the supply chain. It involves coordinating the timing and quantity of inventory replenishment to meet customer demand while minimizing excess inventory and stockouts.
In more detail, DRP works by analyzing customer demand data, considering lead times, and coordinating with suppliers to ensure the right amount of inventory is available at the right time and in the right location. It helps in managing the flow of goods from suppliers to manufacturers, and from manufacturers to distributors or retailers.
By operating at the master schedule level, DRP allows supply chain partners to make informed decisions regarding production levels, order quantities, and delivery schedules. It promotes better collaboration and coordination among partners, leading to improved efficiency, reduced costs, and enhanced customer satisfaction.
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Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answers
Answer: A
Explanation:
Answer:
NO
Explanation:
6. Toxic stress-such as extreme poverty, maternal depression, severe neglect, or exposure to
violence- are childhood experiences that can undermine the developing brain.
(1 Point)
O adverse
O cephalocaudal
O cognitive
O cortisol
O development
o infants
O maturation
O neurons
physical
O plasticity
O preschoolers
O proximodistal
O Social Emotional
O synapses
O toddlers
O window of opportunity
Answers
Answer:Adverse
Explanation:Search it up
how do you the accounting equation
Answers
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, what is her increase in property tax?
Answers
Answer:
$126
Explanation:
To solve, find the amount of property tax at $67,000, then find the amount of property tax at $71,000 and subtract the amounts.
Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.
What is tax?The taxes are mandatory contributions, that are levied on individuals or corporations by a government entity—whether local, regional, or national.
The tax revenues are basically used for financing government activities, including public works and services such as construction of roads, hospitals and schools, or programs such as Social Security, old age pension and Medicare.
In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.
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What should you question when you first experience an advertisement?
A. Public opinion
B. Its cost
C. Consumer reviews
D. Its intention
Answers
When first experiencing an advertisement, a key question to consider is D. Its intention behind the ad.
What is an advertisement?
This includes understanding what the advertiser is trying to sell or promote, as well as the message and tone of the ad. Other factors such as public opinion, cost, and consumer reviews may also be relevant, but understanding the intention behind the ad is a crucial starting point for analyzing and evaluating the effectiveness of the advertisement.
What is an intention?
An intention is a mental state or a purposeful plan to achieve a specific outcome or goal. It involves setting a goal and then aligning one's thoughts and actions towards achieving it. Intention can also refer to the underlying motivation or meaning behind an action or behavior. In the context of personal development, setting clear intentions can help individuals stay focused, motivated, and aligned with their goals.
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The primary cost associated with the level production strategy is the cost ofA.holding inventory.B.hiring and firing workers.C.overtime.D.outsourcing (subcontracting)
Answers
Answer:
The primary cost associated with the level production strategy is the cost of
A.holding inventory.
57Q. Any and all marketing must be pre-approved by your:
Answers
Regarding the statement "any and all marketing must be pre-approved by your," it usually means that the company or organization has strict guidelines and protocols in place when it comes to marketing their products or services. This could be to ensure consistency in messaging and branding, as well as to comply with legal requirements.
In such cases, any marketing materials, whether it be digital, print, or otherwise, must be submitted for review and approval by a designated person or team within the company. This process may involve a review of the content, design, and overall message of the marketing materials, to ensure that they are aligned with the company's values and goals.
Depending on the size and complexity of the organization, the pre-approval process may involve multiple levels of review and sign-off. This may include marketing managers, legal teams, and executives, among others. By requiring pre-approval, companies can ensure that their marketing efforts are effective, compliant, and aligned with their overall objectives.
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Note- The question seems to be incomplete, The complete question isn't available on the search engine.
In the cpi, goods and services are weighted according to.
Answers
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
ATP is a vehicle manufacturing company which purchases most of the component from suppliers all around the globe. To minimize inventory costs, management decided to use Economic Order Quantity to control its inventory level. KWP is ATP’s long-term supplier for tire, and they have agreed to strict delivery time and quality requirement. Based on the 202X budget, the following information was collected from production:1. Based on pre-order, ATP requires 5250 units of tire each month for the first 4 months of the year and 3625 units of tires each month for the remainder of the year. 2. The carrying cost per unit is R2 per year. 3. The cost per order is R1,000.
Answers
Economic Order Quantity is 7071 units to control its inventory level. The following variables are necessary to determine the economic order quantity: demand rate, setup costs, and holding costs.
What are EOQ and its formula?The following is the EOQ formula. EOQ equals the square root of [(2 times demand times ordering cost)/carrying charge]. Demand. The EOQ's assumptions state that the demand is unchanged. The measure of demand is how much inventory is used annually or how many units are sold annually.
Given,
Annual Requirement = 50,000 ( 5250 x 4 + 3625 x 8)
Carrying cost = 2 per year
Order cost = 1000 per order
Required to calculate EOQ =?
EOQ = square root of [(2 times demand times ordering cost)/carrying charge]
EOQ = √ 2 x 50000 x 1000/2
EOQ = √50,000,000
EOQ = 7071 units
Thus, the EOQ is 7071 units. Economic order quantity is crucial since it aids businesses in effectively managing their inventories. Without these inventory management strategies, businesses will frequently store excess inventory during times of low demand while holding insufficient inventory during times of strong demand. Missed opportunities result from either issue.
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Do you believe the government should play a role in speeding up or slowing down the economy
Answers
Answer:
Yes I do believe they should because it is important to speed up economy's rate of growth
Multiple Choice
The majority of environmental assessments result in a finding of no significant impac
False
True
Answers
Answer:
False
The majority of environmental assessments result in a finding of no significant impac is false
Which of the following bond mutual funds would provide tax-free income?
Mutual fund
Corporate bond
Municipal bond
Treasury bond
Answers
None of the Treasury bond mutual funds would provide tax-free income as the interest income earned from Treasury bonds is subject to federal income tax. The correct answer is C.
However, there are municipal bond mutual funds that invest in bonds issued by state and local governments, which may provide tax-free income at the federal level and sometimes at the state level as well. These funds are suitable for investors in higher tax brackets who are looking for tax-efficient ways to earn income from their investments.
It is important to note that there may be some risks associated with investing in municipal bond mutual funds, including credit risk and interest rate risk, so investors should carefully evaluate these factors before making an investment decision.
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I am stuck on this question can someone help?
Answers
Answer:
college-sociologist, hairstylist, biomedical engineer
vocational certification- tour guide, childcare director, museum personnel
Explanation:
Listen Connie owns shares in a business. She wants the shares to be distributed equally among her adult children when she dies. Which of the following statements is true? Upon Connie's death, the shares will be transferred to children at fair market value, which could result in a taxable capital gain to children. Connie cannot make a specific bequest in her will regarding disposition of the shares Connie should include a statement in her will specifying how the shares are to be transferred if there are changes in the issued shares of the company. Connie should specifically state in her will how many shares she wants each child to receive MacBook Air Question 0/4
Answers
When Connie wants to ensure an equal distribution of her shares among her adult children after her death, it is recommended that she specifically state in her will how many shares each child should receive.
This ensures clarity and avoids any confusion or disputes among the children. The fair market value of the shares at the time of transfer may result in a taxable capital gain for the children, but this can be addressed separately. Connie can make a specific bequest in her will regarding the disposition of the shares, and she may also include a statement to account for any changes in the issued shares of the company. However, the most crucial aspect is clearly specifying the desired allocation of shares among her children. The mention of "MacBook Air Question 0/4" seems unrelated to the given scenario and can be disregarded.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
the three inputs for calculating customer lifetime value are average annual sales, expected lifetime and forecasted profits.True or False
Answers
The statement is true because customer lifetime value is calculated by estimating the total revenue a customer will generate for a business over their lifetime.
The three inputs required for this calculation are the average annual sales generated by the customer, the expected duration of their relationship with the business (lifetime), and the forecasted profits from that customer's future purchases.
By understanding these inputs, businesses can make informed decisions about how much to invest in acquiring and retaining customers. Customer lifetime value is a valuable metric for understanding the overall health and growth potential of a business, as well as for identifying opportunities to improve customer relationships and increase profitability.
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all of these insurnace product requite an agen to have proper finra sencurites registration in order to sell them except for
Answers
All of these insurance products require an agent to have proper FINRA securities registration in order to sell them, except for traditional life, health, and property & casualty insurance policies.
These non-investment-related policies do not require securities registration, as they do not involve investments or securities. All of these insurance products require an agent to have proper FINRA securities registration in order to sell them except for pure insurance products such as term life insurance, whole life insurance, and disability insurance. These products do not involve any securities transactions and therefore do not require securities registration. However, agents must still hold proper insurance licenses to sell these products.
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If 9 time a poitive number i equal to 91 more than twice the ame number, what i the number?
Answers
The problem gives us a relationship between a positive number (which we'll call "x") and 9 times that number.
Specifically, it states that 9 times the number is equal to 91 more than twice the number. To find the value of x, we can start by setting up an equation based on the information given. Let's use the following symbol to represent the unknown value of x:
x = ?
Now, we can substitute the value of x into the equation provided in the problem:
9x = 91 + 2x
The equation tells us that 9 times the value of x is equal to 91 more than twice the value of x. This equation can be rearranged and simplified to solve for x.
First, we can subtract 2x from both sides of the equation to isolate the 9x term:
7x = 91
Next, we'll divide both sides of the equation by 7 to find the value of x:
x = 91 / 7
x = 13
So, the value of x is 13. In other words, the positive number we were looking for is 13. To check our answer, we can plug this value back into the original equation and see if both sides are equal:
9 x 13 = 117
And indeed, 91 + 2 x 13 = 117. So our answer is correct.
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