Answer:
55,060 machines
Explanation:
Projected sales = 54,500
Estimated opening balance = 6,860
Desired ending balance = 7,420
Budgeted production = ?
Let the budgeted production be B
Using the formula
Opening balance + Budgeted production - Sales = Closing balance
6,860 + B - 54,500 = 7,420
B = 7,420 + 54,500 - 6,860
B = 55,060
The budgeted production for the year is 55,060 machines.
B. Evaluation
Evaluating means to systematically determine somethings merits and significance, including the seriousness or gravity of a problem.
Answer:
S/n General Journal Debit Credit
a Insurance expense $1,200
Prepaid Insurance $1,200
(To record insurance expired)
b Supplies expense $6,200
Supplies $6,200
($5,000 + $2,000 - $800)
(To record supplies used)
Answer:
a. keep producing in the short run but exit the market in the long run.
Explanation:
To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run
Short Run Effect
The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.
Long Run Effect
However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.
The LBA label means that Logical Block Addressing is used. It is a <span>common scheme used for specifying the location of blocks of data stored on computer storage devices.</span>
A hard drive has stamped on its label: lba = 7,814,037,168. this means that it has 7,814,037,168 sectors. Or more precisely, 7 platters, 814 cylinders, 37 heads and 168 sectors per track.
