Answer:
The correct answer is $1,881,600
Explanation:
According to the scenario, the computation of the given data are as follows:
Unit sells = 10,000 units
Growth rate = 12%
Selling price = $150 per unit
Costing = $100 per unit
So, we can calculate the budget sales revenue by using following formula:
Budget sales unit for quarter 3 = (10,000 × 112%) × 112% = 12,544
So, budget sales amount for quarter 3 = 12,544 × $150
= $1,881,600
Answer:
$1,238.85
Explanation:
In this question, we use the present value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $1,000
Rate of interest = 7%
NPER = 8 years
PMT = $1,000 × 11% = $110
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $1,238.85
1 5/7 would be the quotient
Answer:
required purchase 83,500
Explanation:
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
cost of inventory sales for July:
70,000 x (1 - 45%) = 38,500
desired ending inventory 105,000
beginning inventory <u> (60,000) </u>
required purchase 83,500
Answer:
B. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.
Explanation:
JIT stands for Just in time management. It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.
The success of JIT is dependent on management ability to forecast sales volumes accurately. Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.
