Answer: 4,375 units
Explanation:
The budgeted production for July will be;
= July sales + Ending inventory - Beginning inventory
Ending inventory = 25% * August sales =25% * 4,900 = 1,225
Budgeted production = 4,200 + 1,225 - 1050 = 4,375 units
Answer:
A Merchandising Company
Journal Entries:
Nov. 5:
Debit Inventory $6,000
Credit Accounts Payable $6,000
To record the purchase of 600 units of a product at a cost of $10 per unit, terms, 2/10, n/60.
Nov. 7:
Debit Accounts Payable $250
Credit Inventory $250
To record the return of 25 defective units.
Nov. 15:
Debit Accounts Payable $5,750
Credit Cash Discount $115
Credit Cash Account $5,635
To record payment on account.
Explanation:
The journal entries show the accounts affected by each transaction. Two or more accounts are usually affected. One account receives value and is debited and the other gives value, and it is credited.
The trade terms 2/10, n/60 implies that a cash discount of 2% on the outstanding balance exists for early settlement on account within 10 days and the credit period should not exceed 60 days or two months.
Ralph is trying to avoid sub optimization.
<u>Explanation:</u>
Sub optimization is a process which means that making changes to only one component of the whole process. In this process, the other components involved are not paid any attention to and are ignored.
Ralph is also wanting to avoid this and wants to consider the synergies between the elements instead of paying attention to one element. This will help to solve the problem at an effective level and improve the overall performance.
Answer:
A. Eurobond Market
Explanation:
Eurobonds are international bonds issued by European governments and companies but are denominated in a currency other than the issuer. They are also known as external bonds which are debt instruments denominated in a currency other than the home currency of the country it was issued at. The Externak bonds markets comprises of banks, borrowers, investors, trading agents and so on, all of whom who buys and sells in Eurobonds.
