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Phoenix [80]
3 years ago
14

Last year Baron Enterprises had $350 million of sales, and it had $270 million of fixed assets that were used at 65% of capacity

last year. In millions, by how much could Baron's sales increase before it is required to increase its fixed assets? a. $170.09 b. $179.04 c. $197.88 d. $188.46 e. $207.78
Business
1 answer:
eimsori [14]3 years ago
7 0

Answer:

Increase in sales= 188.46 million

Explanation:

Giving the following information:

Sales= 350 million

Fixed assests= 270 million

Used capacity= 65%

<u>We need to determine the increase in sales that would occupy the entire capacity.</u>

<u></u>

If 350 is 65% then:

Full capacity= (100*350)/65= 538.46 million

Now, the increase in sales:

Increase in sales= 538.46 - 350= 188.46 million

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The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The fini
saveliy_v [14]

Answer:

Production for 2nd Quarter = 15,000  units

Explanation:

given data

ending inventory of finished goods = 25 %

finished goods inventory at year start =  4,000 units

so we consider here Quarter sales in unit  

1 = 12,000

2 = 14,000

3 = 18,000

4 = 16,000

solution

we get here Production for 2nd Quarter  that is

Production for 2nd Quarter = Quarter 2 sale + Desired Q2 ending inventory - Beginning Q2 inventory  ...................1

so it will be as

Production for 2nd Quarter = Quarter 2 sale + (25% of Q3 Sale) - (25% of Q2 sale)

put here value

Production for 2nd Quarter = 14000 + (18000 × 25%) - (14000 × 25%)

Production for 2nd Quarter = 14000 + 4500 - 3500

Production for 2nd Quarter = 15,000  units

3 0
3 years ago
Kirby just inherited $250,000. He would like to hire a financial advisor to provide financial advice and to manage the inheritan
Blababa [14]

Answer:

The answer is A.

Explanation:

According to the details given in the question on the two financial advisor's approach, the first advisor does not request a payment but a commission on the funds purchased with the inheritance money. The second advisor does request payment for the job and also a share on the assets managed with the inheritance money.

If Kirby wants to minimize the upfront expenses which can be described as the sum that is paid before a service or a job is done, then the first advisor is the better option. So the answer is A.

I hope this answer helps.

5 0
3 years ago
Pharoah Company issued $530,000 of 5-year, 5% bonds at 97 on January 1, 2020. The bonds pay interest annually. Your answer is pa
Slav-nsk [51]

Answer:

                                                Dr.             Cr.

Cash                                      $514,100

Discount on bond payable  $15,900

Bond Payable                                       $530,000

Explanation:

Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.

Cash Received = ( 530,000 / 100 ) x 97 = $514,100

Discount  = (530,000/100) x (100 - 97) = $15,900

4 0
3 years ago
The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf
Kruka [31]

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

3 0
3 years ago
A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
AlekseyPX

Answer:

The correct answer is: monopolistic competition.

Explanation:

There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.

8 0
3 years ago
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