5. If 66,250 pounds of raw materials are needed to meet production in August, the pounds of raw materials purchased in July is 58,375 pounds.
6. If 66,250 pounds of raw materials are needed to meet production in August, the estimated cost of raw materials purchases for July is $128,425.
7. In July, the total estimated cash disbursements for raw materials purchases is $105,105.
8. If 66,250 pounds of raw materials are needed to meet production in August, the estimated accounts payable balance at the end of July is $102,740 ($128,425 x 80%).
9. If 66,250 pounds of raw materials are needed to meet production in August, the estimated raw materials inventory balance at the end of July is 6,625 pounds.
10. The total estimated direct labor cost for July is $276,000.
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated unit product cost? (Round your answer to 2 decimal places.)
Cost of raw materials per unit = $11 (5 x $2.20)
The estimated unit product cost under the above scenario is $18 ($11 +$7).
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated finished goods inventory balance at the end of July is $58,500 (3,250 x $18).
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated cost of goods sold and gross margin for July are as follows:
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
14. The estimated total selling and administrative expense for July is $74,200 ($13,200 + $61,000).
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated net operating income for July is $387,800 ($462,000 - $74,200).
Data and Calculations:Budgeted selling price per unit = $60
Sales Revenue Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Budgeted sales revenue $480,000 $660,000 $780,000 $840,000
Cash Collections:30% month of sale $144,000 $198,000 $234,000 $252,000
70% following month 336,000 462,000 546,000
Production Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Ending inventory (25%) 2,750 3,250 3,500
Units available for sale 10,750 14,250 16,500
Beginning inventory 2,000 2,750 3,250 3,500
Production units 8,750 11,500 13,250
Materials Purchase Budget:June July August
Production units 8,750 11,500 13,250
Materials requirements 43,750 57,500 66,250 (13,250x5)
Ending inventory 5,750 6,625
Production materials available 49,500 64,125
Beginning inventory 4,375 5,750 6,625
Purchase of materials 45,125 58,375
Purchase costs $99,275 $128,425
Payment for Purchase of Materials:20%, month of purchase $19,855 $25,685
80% following month $79,420
Cash disbursements $105,105
Direct Labor Budget:June July August
Production units 8,750 11,500 13,250
Direct labor-hours required 17,500 23,000 26,500
Direct labor costs ($12/hr.) $210,000 $276,000 $318,000
Budgeted unit sales 8,000 11,000 13,000
Overhead Budget:Variable selling and
administrative expense $9,600 $13,200 $15,600
Fixed selling and admin. exp. 61,000 61,000 61,000
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The purchase of which of the following gives the buyer part ownership of a company?
A
stock
B
bond
C
futures contract
D
treasury bill
[tex]\qquad\qquad\huge\underline{{\sf Answer}}♨[/tex]
The Correct option is Stocks !
Stocks are part of net worth of a company, and person who owns stocks of a particular company gains part ownership of that company.
Answer:
A -- Stock
Explanation:
Say an investor buys stock they are buying a percentage of ownership in that company.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
why is it difficult for firm to sustain competitive advantage?
Answer:There are four basic reasons why maintaining a competitive edge has become so difficult: lack of differentiation. well informed buyers in the marketplace. the rise of different types of competition.
Explanation:
ur welcome
Auto insurance is NOT what ?
A.necessary
B.required by law
C.optional if you own a car
D. Mandatory in any state
Answer:
The answer is c.
Explanation:
Answer:
C
Explanation:
If you own a car and only drive occasionally it wont be necessary but you should have adequate coverage.
What is collaborative business relationship
Answer:
developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.
Explanation:
THATS IS MY ANSWER
Division ABC has $750,000 in average assets and $200,000 in income. Division XYZ has $800,000 in average assets and $210,000 in income. The company's target rate is 10%. Which division has the highest residual income
If Division XYZ has $800,000 in average assets and $210,000 in income. The division that has the highest residual income is: Division XYZ.
Residual income
Calculation for ABC Residual income
Residual income=$200,000-(0.10×$750,000)
Residual income=$200,000-$75,000
Residual income=$125,000
Calculation for XYZ Residual income
Residual income=$210,000 -(0.10×$80,000)
Residual income=$210,000-$80,000
Residual income=$130,000
Inconclusion the division that has the highest residual income is:Division XYZ.
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2. Review EOH 2021 Integrated Report and explain in a few words if the strategy has been implemented and is working or not.
The EOH 2021 Integrated Report covers the area of EOH policies and programme in the area of social and economic development, and others.
What was the reporting of EOH 2021 about?The reporting of EOH 2021 was one that focused on:
SustainabilityDiversity and inclusion, Ethical culture Employee wellnessIn the workings of the business, the report stated that the company make sure that employees were assisted in one way or the other.
Conclusively, EOH was said to have complied with the key environmental, social and governance rules and regulations that is required for reporting as they were guided by Global Reporting Initiatives (‘GRI’) Standards.
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The entry to amortize a bond premium would include a __________ to __________.
a. debit; Premium on Bonds Payable
b. credit; Premium on Bonds Payable
c. debit; Interest Expense
d. debit; Cash
The entry to amortize a bond premium would include a debit to Premium on Bonds Payable.
Hope that helps!
Answer:
a. debit; Premium on Bonds Payable
Explanation:
Took Assignment
Firm A is a profit-maximizing firm with a monopoly in the production of Good X. The firm sells its good for $10 each. We can conclude that Firm A is producing a level of output at which:
If the Firm A is having a monopoly in the production of X we can assume that the Firm A is producing at a level of output which is marginal cost equals marginal revenue.
What is a monopoly?This is a situation that exists in a market where there is a single producer or seller of a product. The monopolist has no competitors.
Due to this he enjoys unfair advantages and can set the price in the market to any level that he wants.
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Viral Marketing, Inc. reported last year's cost of goods sold of $120 million. Total assets increased by $50 million during the year, including an decrease of $10 million in inventory. Total liabilities increased by $60 million during the year, including an increase of $7 million in accounts payable. How much cash did the firm pay to suppliers
7million In all accounts
What are the main goals of Fiscal Policy?
Answer:
In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
Explanation:
hope this helps if not please let me know
The main goals of fiscal policy are it is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
What is fiscal policy?Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.
Fiscal policy is often contrasted with monetary policy which is regulated by the central bank. It is largely inspired by the ideas of British economist John Maynard Keynes whose theories were developed in the response to the Great Depression and were hugely influential in the formulation of the New Deal in the U.S. that aimed at huge spending for public projects and social welfare development.
When policymakers want to influence the economy, they mainly have two tools at their disposal, Monetary policy and Fiscal policy.
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Entry for Cash Sales; Cash Over The actual cash received from cash sales was $315,280, and the amount indicated by the cash register total was $315,150.
Answer:
Dr Cash $315,280
Dr Cash short or Over $130
($315,280-$315,150)
Cr (cash register) Sales $315,150
Explanation:
Based on the information given the appropriate journal the entry to record the cash receipts and cash sales is:
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Dividends
Question 3 Attached
What do you think would be the most challenging part of working in advertising?Explain.
Answer:
coming up with ideas
Explanation:
I think so
Answer:
Choosing the Right TalentDesign agencies and service-based businesses sell the ‘hard work’ of their talented professionals. The agencies make arbitrage on talent by charging a markup on the time consumed by the designers.
Retaining Quality TalentIt is essential to open your borders and not limit the applicants just to your geographical area. The upside is that you get access to a bigger pool of applicants. There could be many challenges, which come with the chore of managing remote workers, but these challenges might be worth the trouble.
What Makes Your Agency Stand Out?The model of creative agency usually has a poor barrier to entry. It might be easier for a group of people to get together and portray themselves as an ‘agency’.
Client ServicingCreative agencies overlook the type of processes they are used to while managing projects. Though they don’t want to think in terms of structure, the result is that they end up with little processes. The inability to effectively manage projects can negatively impact an agency’s progress
Lead GenerationThe first step in lead generation is to turn to clients who are fit for your agency. To confirm the same, you will have to start doing some research to find out who your targets are. Interview the best clients that you have already, and make a rough sketch of their background and goals.
Provide an explanation of how his/her life will change economically, socially, and politically in a centrally planned economy.
Answer:spazz
Explanation:
spazz
• What are the most valuable resources within a team?
Answer:
Intelligence and will-power.
Explanation:
Most might say that leadership and bravery. Although, if you bring a group of people who are intelligent in the business and are ready to dedicate themselves, you can get a lot done, and maybe even have a successful business within a few months/weeks.
This might sound a little weird, but money is also a very needed characteristic within a team. If you are making something big, and you believe in it, you need money for assistance with assets and other things.
I'm sorry if I misunderstood the question, that's my fault. I just found this question very interesting and I think it would've been nice to answer.
The semiannual interest payment on a $10,000, 5% bond would be
a. $25.
b. $250.
c. $500.
d. $2,500.
As general price levels rise, the value of money
O is not affected
O stays the same
O rises
falls
Answer:
The value of money falls
Explanation:
When the general price of products rise, otherwise known as inflation, money can buy less of it. Therefore its value decreases.
what are the business environmental analysis.?
Answer:
An environmental analysis is a strategic analysis tool to identify all of the external and internal factors that can affect a company's performance. The purpose is to assess the level of risk various environmental factors pose as well as the business opportunities they present.
Shop A charges $275.00 for an oil change and has a gross oil profit percent of 39.1% for its total oil gross profit %. Shop B charges $275.00 for an oil change and has a gross oil profit percent of 28.4% for its total oil gross profit %. Both shops pay $21.25 per gallon of oil. What is the Profit per Lube for Shop A?
The profit per Lube for Shop A is $8.31.
What is the profit per unit?The profit per unit can be obtained by subtracting the cost of the product from the sale price.
Data and Calculations:Sales price per oil change = $275
Gross profit percent per oil = 39.1%
Cost of oil per gallon = $21.25
Selling price per gallon = $29.56 ($21.25 x 1.391)
Gross profit = $8.31 ($29.56 - $21.25)
Thus, the profit per Lube for Shop A is $8.31.
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Which budget items (costs) would you include and exclude in your training budget?
Some of the items that should be included in a budget includes:
Groceries.Housing.Basic utilities.Transportation.Insurance, etc.What is a Budget?This refers to the use of financial planning to make provisions for finance and income.
Hence, we can see that budget is made with the aim of making sound financial decisions that would keep one out of insolvency and extreme debt.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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Please describe what is wrong with
this statement: Our technical support
team is available 24/7 Monday
through Friday.
The problem that is wrong here is that the team are said to be available 24/7, yet the days mentioned are from monday to friday. That is 5 days.
How is this wrong in the statement.When the 24/7 term is used, it refers to the fact that a team would be available from monday through sunday.
The complete days of the week would be occupied by the team. It is a contradiction to use 24/7 and monday through friday together.
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What could happen if an employee goes against what the business needs
Answer:
she must be fire
Explanation:
because he or she brakes the law
What differences would you expect to see between the kinds of influence currencies that a project manager in a functional matrix would use and the influence a project manager of a dedicated project team would use
Project manager in a functional matrix had more lesser influence over one in a dedicated project team because:
the dedicated team allows a formal authority over the participantsthe dedicated team offers a greater access to influence currencies than the project manager in a functional matrix.Who is a Project manager?A Project manager is a manager with the responsibiltiy of planning, organizing and directing the completion of specific projects for such organization.
In conclusion, in a functional matrix, the manager sdoes compensate for their lack of formal authority by exercising informal influence through the use of relationships and personal currencies.
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You find a zero coupon bond with a par value of $1,000 and 17 years to maturity. If the yield to maturity on this bond is 4.9 percent, what is the price of the bond
Answer:
$4,434.21
Explanation:
If $1,000 was deposited today at a rate of 15%, its future value in one year would be
$1,000.
$1,150.
$1,500.
$850.
Answer:
$1,150.
Explanation:
First, we find what that 15% is by setting an equation:
[tex]\frac{15}{100} \times \frac{1000}{1}[/tex]
This gives us: $150
Now, we just add that to the deposited money.
$1000 + $150 = $1,150
Hope this helps!
Suppose the government has determined that the socially optimal quantity of chemical pollution is 175 million tons per day. One way governments can charge firms for pollution rights is by imposing a per-unit tax on emissions. A tax (or price in this case) of $45 per ton of chemicals emitted will achieve the desired level of pollution. Now suppose the U.S. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to achieve the desired level of pollution. Instead, it auctions off tradable pollution permits. Each permit entitles its owner to emit one ton of chemicals per day. To achieve the socially optimal quantity of pollution, the government auctions off 175 million pollution permits. Given this quantity of permits, the price for each permit in the market for pollution rights will be
Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45 as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
What are pollution rights?Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45.
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What Type Of Packaging Are Cardboard Mailer Boxes In the USA?
You are asked to take over a project that is behind schedule. As you review the project, you find the delays are due to scope creep. The project uses a reasonable change management plan that seems to be working. What is the likely cause of the scope creep?
Answer:
A risk that has become reality in your project has led to a cost increase.
A risk that has become reality in your project has led to a cost increase is likely cause of the scope creep.
What is the cost?The amount of money spent by a company on the creation or fabrication of goods or services is referred to as the cost. It does not include the profit margin. From the standpoint of a seller, cost is the amount of money spent to produce a good or product.
Costs are the expenses incurred by a business in order to produce goods and/or provide services. Costs are important in business because they are the thing that drains a company's profits.
Therefore, The most likely cause of scope creep is a risk that has become a reality in the project, resulting in a cost increase.
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What is the function is your strongest, most obvious mental function?
Answer:
metail
Explanation:
becuse it made for rock bing melted up
What does it mean to become a master adaptive learner and why is this important?
Please put a lengthy answer, this is a crucial question.
Answer:
Awnser below
Explanation:
The master adaptive learner model makes an important distinction between routine expertise—mastering performance to the extent that it becomes highly efficient and accurate, drawing on the specific knowledge and skills that an expert has learned over time—and adaptive expertise, which is based on the ideal that individuals will learn and innovate in response to practice challenges.