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Yakvenalex [24]
3 years ago
7

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produc

ed 9,646 10,993 8,559 Each chair produced uses 5 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month. How many board feet of wood does Tucker need to purchase in February
Business
1 answer:
ziro4ka [17]3 years ago
6 0

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

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3 years ago
The SRT partnership agreement specifies that partnership net income be allocated as follows:
Assoli18 [71]

Answer: Option (C) is correct.

Explanation:

Given that,

Partner S:

Salary allowance = $20,000

Interest on average capital balance = 10% of 60,000

                                                            = $6,000

Average capital balances for the current year = $60,000

Remainder = 30% of 50,000

                   = $15,000

Amount should be allocated = Salary allowance + Interest on average capital balance + Remainder

                                                = $20,000 + $6,000 + $15,000

                                                = $41,000

Partner R:

Salary allowance = $25,000

Interest on average capital balance = 10% of 50,000

                                                            = $5,000

Average capital balances for the current year = $50,000

Remainder = 30% of 50,000

                  = $15,000

Amount should be allocated = Salary allowance + Interest on average capital balance + Remainder

                                                = $25,000 + $5,000 + $15,000

                                                = $45,000

Partner T:

Salary allowance = $15,000

Interest on average capital balance = 10% of 40,000

                                                            = $4,000

Average capital balances for the current year = $40,000

Current year net income = $125,000

Remainder = 40% of 50,000

                  = $20,000

Amount should be allocated = Salary allowance + Interest on average capital balance + Remainder

                                                = $15,000 + $4,000 + $20,000

                                                = $39,000

Workings:

Salary allowed = $20,000 + $25,000 + $15,000

                         = $60,000

Interest on average capital balance = $6,000 + $5,000 + $4,000

                                                            = $15,000

Total = Salary allowed  + Interest on average capital balance

        = $60,000 + $15,000

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Remainder = Current year net income - Total

                  = $125,000 - $75,000

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3 0
3 years ago
Compute the stock turnover for a product that has sales of 350 units and an average of 70 units in inventory.
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Mazyrski [523]

Answer:

6.37%

Explanation:

Rate of return

= (Aggregate investment value after one year - Investment value) / investment value   ----- equation 1

Cost of shares =number of shares* price per share

             = 1000* $20 =$20,000

Total amount invested = Purchasing cost /(1- front-end load)

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Investment value after one year

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         = $20,000( 1 +0.12 -0.012)

          = $20,000(1.12-0.012) = $20,000 * 1.108 = $22,160

From equation 1 above

Rate of return = ($22,160 - $ 20,833.333) / $20,833.333

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Since rates of return are expressed as %, we multiply the result by 100 to get

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7 0
3 years ago
There will be a higher equilibrium price and lower quantity if _____.
Naddik [55]

Answer:

Supply increase and demand decreases

8 0
3 years ago
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