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vesna_86 [32]
3 years ago
7

Clare purchases a single product for $15 and sells it for $30. Forecasted sales for the next three months are July 4,000 units,

August 6,000 units, September 7,500 units. Clare's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. What are budgeted purchases in units for August?
Business
1 answer:
anastassius [24]3 years ago
5 0

Answer:

Budgeted purchases in units for August are 6600 units

Explanation:

The budgeted purchases in units for August under the policy followed by the company will be as follows.

The units required to meet August sales are 6000 units.

The opening inventory in August will be 40% of August sales that is 0.4 * 6000 = 2400 units

Thus, the units need to be purchased in August to meet August sales = 6000 - 2400 = 3600 units

In August, we also need to purchase enough units to cover 40% of September sales. Units needed in August for September sales = 0.4 * 7500 = 3000 Units

Purchases in August = Purchases required to meet August sales - Purchases required to meet the desired ending inventory

Purchases in August = 3600 + 3000 = 6600 units

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8 0
3 years ago
Jessica purchased a home on January 1, 2018 for $580,000 by making a down payment of $230,000 and financing the remaining $350,0
Ann [662]

Answer:

$32,600

Explanation:

Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard

Using this formula

Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)

Let plug in the formula

Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)

Itemized deduction=($21,000+$11,600)

Itemized deduction=$32,600

Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600

5 0
3 years ago
On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $30,000 and $500, respect
san4es73 [151]

Answer:

correct option is $750

Explanation:

solution

we know here that Net balance of opening accounts receivable is

Net balance of opening accounts receivable = $30000 - $500

Net balance of opening accounts receivable = $29500

and

Credit sales during the year is here $7500 0

and Cash payments received = 74550

so

uncollecectible account expenses = credit sales × % of sale uncollectible

so uncollecectible account expenses = $75000 × 1%

uncollecectible account expenses  = $750

so correct option is $750

8 0
3 years ago
Operations management moves from knowing the needs of consumers to actually satisfying those needs.a) trueb) false
Mariana [72]

Answer:

<u>True</u>

<u>Explanation:</u>

Remember, no business operations would exist if there aren't any identified customer needs to solve.

Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials,  labor, etc into the goods and services needed by consumers.

8 0
3 years ago
Not all employers provide group hospital and health insurance. <br> a. True<br> b. False
Salsk061 [2.6K]

That statement is true

Hospital and health insurance is not a government requirement , which is why companies are not obligated to give it to their employers. In general, only large companies had enough money to provide their workers with hospital and health insurance, while Companies often cut out hospital and health insurance in order to increase their net profit.

8 0
3 years ago
Read 2 more answers
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