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Sloan [31]
2 years ago
11

Ruiz Co. provides the following unit sales forecast for the next three months: January February March Sales units 3,000 4,200 5,

000 The company wants to end each month with ending finished goods inventory equal to 10% of the next month’s sales. Finished goods inventory on December 31 is 300 units. The budgeted production units for February are:
Business
2 answers:
Svetlanka [38]2 years ago
8 0

Answer:

The budgeted production in February is 4280 units.

Explanation:

The ending inventory for January would be 10% of January's budgeted sales. Thus, the ending inventory will be = 4200 * 0.1  =  420 units

The budgeted production in February will be enough to meet the desired ending inventory for February and the remaining sales for the month of February after selling the opening inventory for February.

Desired ending inventory February = 5000 * 0.1 = 500 units

The budgeted production in February is,

Production = Closing Inventory + Sales - Opening inventory

Production = 500 + 4200 - 420  =  4280 units

dybincka [34]2 years ago
7 0

Answer:

The budgeted production units for February are: 4280 units

Explanation:

Ruiz Co.

Particulars                           January        February       March

Sales units                            3,000             4,200        5,000

-Opening Inventory               300                 420          500

<u>+Closing Inventory                420                  500                       </u>

<u>Production Budget             3120                4280     </u><u>                  </u>

The budgeted production units for February are: 4280 units

Production is calculated as

Production = Sales + Ending Inventory Less Opening Inventory

The Ending inventory of one month is the opening inventory of the next month.

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Curling is a sport where teams slide stones on ice and attempt to hit targets. Teams consist of four players. Suppose that Bob,
larisa86 [58]

Answer:

Premium is likely to be $180.00

Explanation:

Two players have 40%  chance of slipping

Equally,two players have 20% chance of slipping

bruise cost per slip is $150

Premium=40% chance of slipping*bruise cost*2 players +20% chance of slipping*bruise cost*2 players

Premium=40%*$150*2+20%*$150*2

Premium=0.4*$150*2+0.2*$150*2

premium=$60*2+$30*2

premium=$120+$60

premium=$180.00

If the insurance company offers bruise insurance to the players ,the premium is likely to be in the region of $180.00

8 0
3 years ago
Gato Inc. had the following inventory situations to consider at January 31, its year-end. (a1) Identify which of the following i
Norma-Jean [14]

Answer:

A) Should not be included in inventory but included in Steele Corp's inventory

B) Should be included in inventory

C) Should be included in inventory

D) Should not be included in inventory because once they are shipped, they become the buyers property.

E) Should not be included in inventory but suppliers inventory.

F) Should be included in inventory

G) Should not be included in inventory. Should be included in Office Supplies inventory rather than Merchandise Inventory

Explanation:

A) Should not be included in inventory but included in Steele Corp's inventory

B) Should be included in inventory

C) Should be included in inventory

D) Should not be included in inventory because once they are shipped, they become the buyers property.

E) Should not be included in inventory but suppliers inventory.

F) Should be included in inventory

G) Should not be included in inventory. Should be included in Office Supplies inventory rather than Merchandise Inventory

4 0
3 years ago
If the firm sells its product at the market price of $10 per unit, how many workers should the firm employ to maximize profit if
Bingel [31]

Answer:

the data regarding output and the quantity of labor is missing, so I looked for a similar question and found the attached image.

if one employee is hired, total production = $80, and total cost = $55

if two employees are hired, total production = $150, and total cost = $110

if three employees are hired, total production = $210, and total cost = $165

if four employees are hired, total production = $260, and total cost = $260

hiring <u>four employees</u> should maximize profits since MC = MR

7 0
2 years ago
Dog Up! Franks is looking at a new sausage system with an installed cost of $460,000. This cost will be depreciated straight-lin
Anton [14]

Answer:

The Net Present Value (NPV) of this project is <u>$93,405.59</u>.

Explanation:

Note: Find attached the excel file for the calculation of the NPV of this project.

Net present value (NPV) refers to the present value of cash inflows minus the present value of cash outflows over a specified period of time.

On its own, present value (PV) refers the value that a future sum of money or stream of cash flows has now or currently given a specified rate of return. The formula for calculating the PV is given as follows:

PV = FV / (1 + r)^n

Where,

FV = Future value

r = discount rate. This is given as 10% in this question

n = Relevant period, e.g. year

The above explanation and formula together with other stated formulae in the attached excel file is used in calculating the NPV of this project.

Download xlsx
7 0
3 years ago
A monopoly industry:A. has very significant barriers to entry. B. faces a downward sloping demand curve. C. produces a product f
Kryger [21]

Answer:

The correct answer is option E.

Explanation:

A monopoly is a market where there is only single producer or seller. There are restrictions on entry in the market. The firms in the monopoly are price makers. That is why they have a downward sloping demand curve.

There are no close substitutes for the product and there is only one seller in the monopoly.

The firm may earn profit or loss or profits in the short run based on its revenue and cost conditions.

So, all the options given are correct.

7 0
3 years ago
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