Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
Answer:
d.guarantee the company will earn a profit
Explanation:
Internal controls are controls put in place by management to mitigate against identified risk. Risk basically refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.
Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc
Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations, business information is accurate ( no misrepresentation of records due to error) etc.
Hence Internal control does not consist of policies and procedures that guarantee the company will earn a profit.
The right option is d.
I think it’s D I don’t know if I’m wrong or right but D sounds right
Answer:
5.4 years
Explanation:
Future value is the value of the calculated by compounding a specific present value using a specific discount rate
Payment = $1,500
Rate = 9.56%
Future value = $10,000
We will use the following formula to calculate the numbers of years.
Future Value = Payment x [ ( 1 + r)^n - 1 / r ]
$10,000 = $1,500 x [ ( 1 + 9.56%)^n - 1 / 9.56%
$10,000 x 9.56% / 1,500 = ( 1 + 9.56%)^n - 1
0.6373 +1 = 1.0956^n
1.6373 = 1.0956^n
Log 1.6373 = n log 1.0956
n = log 1.0956 / Log 1.6373
n = 5.4 years
Answer: D. will be less than the intrinsic value of stock Y
Explanation:
Based on the information given above, the intrinsic value of Stock X will be calculated thus:
D1 = Dividend in next year = $3
g = growth rate = 7%
r = = 13%
Therefore, intrinsic value of Stock X will be:
= D1 / (r-g)
= 3 / (13% - 7%)
= 3/6%
= 3 / 0.06
= $50
Therefore, the intrinsic value of stock X is $50.
Intrinsic value of Stock Y will b calculated thus:
D1 = $4
g = 7%
r = 13%
Intrinsic value of Stock Y will be:
= D1 / (r-g)
= 4 / (13% - 7%)
= 4/6%
= 4 / 0.06
= 66.67
Intrinsic value of Stock Y is $66.67
Therefore, the intrinsic value of Stock X will be less than the intrinsic value of Stock Y
