Answer:
1. estimate the quantity of raw materials to be purchased.
2. ending raw materials inventory for the last period.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.
2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.
Answer:
Present value of investment X = $41,225.37
Present value of investment Y = $37,233.50
Explanation:
The present value of the cash flows can be found by discounting the cash flows at the discount rate.
This can be found using a financial calculator
Cash flow each year from year 1 to 9 for investment X = $5,800
Discount rate = 5%
Present value = $41,225.37
Cash flow each year from year one to year 5 for investment Y = $8,600
Discount rate = 5%
Present value = $37,233.50
I hope my answer helps you
C. Portobello, is a good example of a mushroom with a meat like texture.
Answer:
The selling price for Job A is $75,978.00
Explanation:
Molding Finishing Totals
Machine hours 4000 1000 5000
Fixed mnf. overheads 19600 2400 22000
Variable manufacturing
Overheads per machine hours 1.1 2.1
<u> JOB A</u> <u>JOB B</u>
Direct materials 13,600 7500
Direct labour costs 20,700 7400
Molding machines 2700*1.1= 2,970
Finishing 400*2.1= 840
Fixed mnf: molding 19600*4000/5000= 15,680
Fixed mnf: finishing 2400*1000/5000= <u> 480 </u>
Total cost (sum of all the above) $54,270
Mark up = 40%
Mark up=gross profit (GP)*100/cost
40%= GP*100/54270
40*54270/100= GP
GP= 21,708
Sales= cost + GP
Sales= 21,708+54,270
Sales= $75,978.00
Semiperipheral countries. they have traditional values and institutions.
<h3>What is Semi-periphery countries?</h3>
- According to world-systems theory, the industrialising, primarily capitalist countries that are situated halfway between the periphery and the core countries are the semi-periphery countries, also known as merely the semi-periphery.
- Semi-periphery countries are frequently situated physically between core and peripheral regions as well as between two or more competing core regions.
- They have organisational traits with both core countries and periphery countries.
<h3>What do you mean by semi-peripheral regions?</h3>
- Semi-peripheral areas in world systems theory are those that are situated halfway between the core and the peripheral.
- The organisational structure of these nations or areas is made up of both core and peripheral nations, and they are frequently situated geographically between two or more core nations.
Learn more about Semi-periphery countries here:
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