Answer:
$2,126 million
Explanation:
Calculation for the Projected dividends for 2017
Using this formula
Projected dividends for 2017=2107 Forescated net income ×(2016 Dividends/2016 Net Income )
Let plug in the formula
Projected dividends for 2017=$5,504 million × ($2,048 million / $5,302 million)
Projected dividends for 2017=$5,504 million×0.38626933
Projected dividends for 2017 = $2,126
Therefore the Projected dividends for 2017 will be $2,126 million
Given, Operating income = 7,200
Fixed expenses = 1800
Let the target sales be assumed to be X
Sales = 7200 + 1800 + 0.6*Sales
X = 7200 +1800 +0.6X
X-0.6X = 9000
0.4X =9000
X = 22,500
Target Sales = 22,500
Break even point = Fixed Costs/(Price -Variable cost)
Break even point = 1,800/(1-0.6) = 1,800/0.4 = 4,500
Break even point =4,500
Margin of Safety = (Target sales - break even point)/ Target Sales
Margin of Safety = (22,500-4,500)/22,500 = 18,000/22,500 = 0.8 = 80%
Margin of Safety =80%
Answer:
The cost of ending inventory is $2340
Explanation:
Under the weighted average method of inventory valuation, we value the ending inventory based on the weighted average of all the available inventory for the period. The inventory available for the period includes the beginning inventory plus the purchases for the period.
The weighted average cost of inventory can be calculated by adding the total cost of available inventory and dividing it by total number of units of available inventory.
The weighed average cost of inventory per unit for Glasgow is,
Total cost = 80 * 7.5 + 200 * 9 + 150 * 9.3 + 50 * 10.5 = $4320
Total number of units = 80 + 200 + 150 + 50 = 480 units
Weighted average cost per unit = 4320 / 480 = $9 per unit
The units of ending inventory are = 480 - 220 = 260 units
The cost of ending inventory is = 260 * 9 = $2340
WD-40 is considered as having a narrow product mix. Product
mix is also known as product assortment. Product mix means the variety and
number of product lines the company or business is offering. Product mix is to
be improved from time to time as customer changes it needs, so product managers
shall create new product lines that meet the needs of the clients.
