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masya89 [10]
4 years ago
13

Bengal Co. provides the following sales forecast for the next three months: July August September Sales units 5,000 5,700 5,560

The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for August are:
Business
1 answer:
nydimaria [60]4 years ago
7 0

Answer:

Total production= 5,840 units

Explanation:

Giving the following information:

Sales in units:

July= 5,000

August= 5,700

September= 5,560

The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. The finished goods inventory on June 30 is 1,250 units.

To determine the production for August, we need to use the following structure:

Production budget:

Sales= 5,700

Desired ending inventory= (5,560*0.25)= 1,390

Beginning inventory= (1,250)

Total production= 5,840 units

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Suppose, a co-worker has recorded a cash receipt twice and wants you to record a correcting entry that will reverse the mistakes
Anvisha [2.4K]

Answer:

1. Investigate the invoices that have been send out (sequencing, their details and amounts) and cross check the invoices that have been paid up. Then for invoices paid up verify that date descriptions and amounts have been entered correctly or as purported by the co-worker.

2. The Cash Account is Decreasing after the correction.

3. It is not professional to accepts such special treats from co-workers for helping them in the workplace.

Explanation:

All financial information must be treated with great caution as reckless acts my constitute to fraud and irregularities.

Exercise Professionalism by doing a bit of background check on error and the intent of the worker. Also allow internal controls to take course in terms of authorization privileges to alter transactions.

5 0
3 years ago
Michigan Cranberry Company sold $10 million worth of cranberries it produced. In producing cranberries, it purchased $1 million
drek231 [11]

Answer:

$9 million

Explanation:

Gross domestic product is defined as the total monetary value of all goods and services produced by a country in a given period. It is used to measure the countries wealth and economic growth .

GDP can be calculated based on expenditure, production, or by income.

Types of GDP measurements include real GDP, nominal GDP, GDP growth rate, and GDP per capita.

Gross domestic product= Total output - intermediate goods in production {products from Canada}

Gross domestic product= 10 million- 1 million

Gross domestic product= $9 million

3 0
3 years ago
Read 2 more answers
Best Foods, Inc. has an unlevered cost of capital of 10 percent. The company generates EBIT of $4,250 per year and has a tax rat
avanturin [10]

Answer:

The value of the levered firm $31,125

Explanation:

Value of Firm is the value of present value of expected future earning. It is calculated by dividing the earning after tax by the cost of capital while considering that the business will operate for the foreseeable future time.

EBIT                      $4,250.00

Less

Interest                 <u>$0.00        </u>

EBT                       $4,250.00

Tax 35% x 4250  <u>$1,487.50</u>

EAT                       <u>$2,762.50</u>

Cost of Capial       10%

Value of firm = EAT / Cost of Capital = $2,762.5 / 10% = $27,625

Debt after tax = $10,000 x ( 1 - 0.35 ) = $6,500

Value of Equity = Value of firm - Debt after tax = $27,625 - $6,500 = $21,125

Value of debt = $10,000

Value of levered Firm = $21,125 + $10,000 = $31,125

3 0
4 years ago
Elena is volunteering at a nonprofit organization. She notices that there doesn’t seem to be any network security at the office.
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Many houses with high-velocity net connections have one or extra wi-fi routers, which may be used if now no longer nicely protected. A strong community protection machine allows lessening the chance of statistics loss, robbery, and vandalism.

hence, in this way, Elena can make her superiors realize the need for network security.

Learn more about Network security here:

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6 0
3 years ago
You share a cab ride with your company's CEO and he talks enthusiastically about the __________, that can be achieved when the s
mars1129 [50]

Answer:

The correct answer is letter "B": Synergy.

Explanation:

Synergy is the belief that the whole is more than the sum of all its parts. In Business, synergy implies that the whole organization is more important than the individual effort of the employees. This approach aims to let workers know that their joint work is more valuable than their isolated performance.

3 0
4 years ago
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