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Sav [38]
3 years ago
10

Orange Corporation has budgeted sales of 26000 ​units, targeted ending finished goods inventory of 6000 ​units, and beginning fi

nished goods inventory of 3000 units. How many units should be produced next​ year?
Business
1 answer:
bonufazy [111]3 years ago
8 0

Answer:

29,000 units

Explanation:

The computation of the number of units produced next year is shown below:

Number of units produced next year = Ending finished goods inventory units + budgeted sales units - beginning finished goods inventory units

where,

Ending finished goods inventory units is  6,000 units

Budgeted sales units is 26,000 units

And, the beginning finished goods inventory units is 3,000 units

So, the number of units produced is

= 6,000 units + 26,000 units - 3,000 units

= 29,000 units

We simply applied the above formula

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During 2021, its first year of operations, a company provides services on account of $257,000. By the end of 2021, cash collecti
Dmitrij [34]

Answer:

Debit Bad debt expense $15,120

Credit Allowance for doubtful debt $15,120

Being entries to record estimated bad debts

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Account receivables balance as at year end

=  $257,000 - $131,000

= $126,000

Allowance for doubtful debt = 12% * $126,000

= $15,120

4 0
3 years ago
On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600
Nastasia [14]

Answer:  E) debit Contributed Capital, Treasury Stock, $1,800

Explanation:

Treasury stock was bought at price of;

= 22,000/1,000

= $22

Sold 600 for $25 so they made a profit of;

= (25 - 22) * 600

= $1,800

This gain was sent to Contributed Capital, Treasury Stock.

Now that stock is to be sold on March 1, it is sold at $15. Loss from initial purchase is;

= ( 22 - 15) * 400

= $2,800

Debit Contributed Capital, Treasury Stock of the maximum amount it can be debited of to reflect this loss which would be $1,800 which was gained in the February purchase. The rest of the loss will go to Retained earnings.

3 0
3 years ago
The Minton Company has gathered the following information for a unit of its most popular product: Direct materials $ 7 Direct la
Blababa [14]

Answer: $14,500

Explanation:

Sales = 2,900 units × $19 per unit

         = $55,100

Direct material = 2,900 units × $7

                         = $20,300

Direct labor = 2,900 units × $3

                         = $8,700

Variable Overhead = 2,900 units × 50% × 6

                                = $8,700

Variable shipping and other selling expense = 2,900 units × $1 per unit

                                                                           = $2,900

Net profit from special order:

= Sales - Direct material - Direct labor - Variable Overhead - Variable shipping and other selling expense

= $55,100 - $20,300 - $8,700 - $8,700 - $2,900

= $14,500

Therefore, if the special order is accepted, Minton's operating profits will increase by $14,500.

8 0
3 years ago
Which function is one that pertains to the Federal Reserve System?I. conducting fiscal policy.II. examining and supervising comm
Over [174]

Answer: yo mama

Explanation:

6 0
3 years ago
What talents or skills do u admire most in others
ollegr [7]

Being smart and being decisive.

5 0
3 years ago
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