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____ [38]
3 years ago
10

Bengal Co. provides the following sales forecast for the next three months: July August SeptemberSales units 4,200 4,900 4,760Th

e company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,050 units. The budgeted production units for July are: a. 4,200 b. 4,900 c. 4,760
Business
1 answer:
nexus9112 [7]3 years ago
8 0

Answer:

Hie, on the choice of answers provided by your question there is no correct answer.

The correct answer for budgeted production units for July are 4,375 units

Please see below explanation and calculation i have prepared for the answer.

Prepare a Production Schedule for July as follows :

                                                                                     <u>July</u>

Budgeted Sales                                                          4,200

Add Budgeted Closing Inventory (4,900 × 25%)      1,225

Total Production Needed                                          5,425

Less Budgeted Opening Inventory                          (1,050)

Budgeted Production                                                4,375

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6 0
2 years ago
In 2016, Sarah (who files as single) had silverware worth $10,000 (basis $6,000) stolen from her home. Sarah's insurance company
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Answer:

C) None of the $5,000 should be included in gross income.

Explanation:

During 2016, Sarah's itemized deductions (other than the stolen silverware) were only $2,000. If Sarah wanted to deduct the stolen silverware, she could have taken a casualty loss = $6,000 - $100 - $3,000 = $2,900. Her total itemized deductions would equal $2,000 + $2,900 = $4,900.

But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.

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3 years ago
Hackers who intend to profit from their actions are motivated by:
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3 years ago
When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the
Airida [17]

Answer:

100%

Explanation:

Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'

Therefore,

The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP

Now,

the profit = 20% of CP = 0.2CP

also,

Profit = Selling Price - Actual price

or

0.2CP = 0.6SP - CP

or

1.2CP = 0.6SP

Or

CP = 0.5SP

or

SP = 2CP

thus,

Increase percentage in sweater marked up from wholesale at its normal retail price

= \frac{SP-CP}{CP}\times 100

or

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3 0
3 years ago
DonCo, Inc. sold merchandise on January 14, and accepted a 90-day, 5% promissory note in the amount of $5,000. On January 14, th
svetoff [14.1K]

Answer:

The required entries on 14 January is as follows:

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Cr Sales                                     $5,000

Explanation:

No doubt by selling the merchandise a sale transaction has been discharged since the ownership of the goods has changed hands between the seller and the buyer,hence the seller can record a sale by crediting sales account.

However, since the cash has not been received nor is the transaction a mere credit sale where accounts receivable would been debited,neither the cash nor accounts receivable can be debited.

The debit goes to the notes receivable account, without considering the interest as the interest is considered later on when payment becomes due.

4 0
4 years ago
Read 2 more answers
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