1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erik [133]
3 years ago
11

For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $321,6

00 budget; $304,400 actual. In the second quarter, budgeted sales were $380,800, and actual sales were $394,600. Prepare a static budget report for the second quarter and for the year to date. CROIX COMPANY Sales Budget Report For the Quarter Ended June 30, 2020 Second Quarter Year to Date Product Line Budget Actual Difference Budget Actual Difference Guitar: The Edge
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

$13,800

Explanation:

Static budget report for the second quarter and for the year to date

PRODUCT LINE: BUDGET; ACTUAL; DIFFERENCE; REMARK

Guitar:The Edge 380,800 394,600

13,800 favorable

Production line = Guitar:The Edge

Budget =$380,800

Actual=394,600

Difference = 13,800

Remark : Favorable

You might be interested in
Which of the following is an investigator’s commitment to the sponsor?
Westkost [7]

Explanation:

sponsors are responsible for selecting qualified investigators providing them with the information they need to conduct an investigation properly ensuring proper monitoring of the investigations ensuring that the Investigations is conducted in accordance with the general investigational plan and protocols

8 0
2 years ago
Purchasing a diamond represents ________ because consumeres buy diamonds infrequently and have no estabilished criteria for eval
Vesnalui [34]

Answer: Purchasing a diamond represents <u>Extensive problem solving </u>because consumeres buy diamonds infrequently and have no estabilished criteria for evaluating them

Explanation:

<u>Extensive problem solving is </u>the process of a customer trying to get all the information they need in order to be able to buy a product . This is likely to occur when the customer is purchasing a product that they have not bought before.

7 0
3 years ago
McRae Corporation's total current assets are 412,000, its non-current assets are $524,000, its total current liabilities are____
lapo4ka [179]

Answer: See explanation

Explanation:

It should be noted that:

Working capital = Current assets - Current liabilities

$356000 = $412000 - Current liabilities

Current liabilities = $412000 - $356000

Current liabilities = $56000

Stockholders equity = Total asset - Total liability

Total asset = $412000 + $524000 = $936000

Total liabilities = $56000 + $274000

= $330,000

Stockholders equity = Total asset - Total liability

= $936000 - $330000

= $606000

5 0
3 years ago
Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sal
Ahat [919]

Answer:

The company's net operating income for May is $7,930

Explanation:

Sales revenue = $97,000

Variable costs

= $97,000 × (1 - 70%)

= $97,000 × 0.69

= $66,930

Fixed costs = $38,000

Therefore, net operating income = Sales - revenue - variable cost - fixed cost

= $97,000 - $66,930 - $38,000

= $7,930

3 0
3 years ago
XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
Marysya12 [62]

Answer:

forwards:    U$D 6,880,733.95 dollars

call option: U$D 6,540,000.00 dollars

Explanation:

obligation within a year: ¥750,000,000

spot rate: ¥116/$1.00

foward rate in a year: ¥109/$1.00

If we hedge the obligation using the forward rate:

750,000,000 /109 = 6,880,733.94495

forwards: U$D 6,880,733.95 dollars

If we use the call option:

750,000,000 x 0.0086 dollars = 6.450.000‬

premium:

750,000,000 x 0.012/ cents =

750,000,000 x 0.00012 dollars=<u>       90,000  </u>

Total:                                              6,540,000

6 0
4 years ago
Other questions:
  • Strand Company is planning to sell 400 buckets and produce 380 buckets during March. Each bucket requires one-half hour of direc
    15·1 answer
  • Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
    13·1 answer
  • Each unit in a fourplex rents for $850 per month. If the appraised value is $460,000, what is the GRM for the fourplex?
    14·1 answer
  • Write down a list of all the ways companies have communicated with you over the past few days. Think about all the advertisement
    6·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    9·1 answer
  • Which resource management task determines the type, quantity, receiving location, and users of resources?
    15·1 answer
  • A record that contains detailed information on specific accounts with a common characteristic and is support for a controlling a
    14·1 answer
  • QUESTION 1 of 10: Identity theft is important to be aware of because:
    15·1 answer
  • Excessive vacuum is _______ a problem because the booster is designed to
    12·1 answer
  • It costs a petroleum refinery $0. 39 to refine one gallon of gasoline, and $0. 39 to refine one gallon of natural gas. The refin
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!