1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naya [18.7K]
3 years ago
9

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7

00 budget; $303,100 actual. In the second quarter, budgeted sales were $383,500, and actual sales were $387,400.
a. Prepare a static budget report for the second quarter and for the year to date. CROIX COMPANY Sales Budget Report For the Quarter Ended June 30, 2017.
b. Second Quarter Year to Date Product Line Budget Actual Difference Budget Actual Difference Guitar: The Edge $ $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work.
Business
1 answer:
erastovalidia [21]3 years ago
6 0

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

                                          CROIX COMPANY

                                         Sales Budget Report

                             For the Quarter Ended June 30, 2017

                       Second Quarter                      Year to date

Product Line  Budget  Actual  Difference  Budget  Actual  Difference

New Guitar $383,500  $387,400 $3,900    $700,200 $690,500  $9,700

                                                      Favorable                             Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

You might be interested in
During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wag
elena-s [515]

Answer:

$4,550

Explanation:

First, we need to calculate the product cost per unit

Product cost per unit = Total production costs / Units produced

= ($15,085 + $10,200 + $9,200) / 6,050 units

= $5.7 per unit

Cost of goods sold = $5.7 × 3,700 units

= $21,090

Net income = Sales - Cost of goods sold - Operating expenses

= ($8.2 × 3,700) - $21,090 - $4,700

= $30,340 - $21,090 - $4,700

= $4,550

6 0
3 years ago
Sub-prime loan company is thinking of opening a new office, and the key data are shown below.
Nookie1986 [14]
To complete the above question, please see below:

Sub-Prime Loan Company is thinking of opening a new office, and the key data are shown below. The company owns the building that would be used, and it could sell it for $100,000 after taxes if it decides not to open the new office. The equipment for the project would be depreciated by the straight-line method over the project's 3-year life, after which it would be worth nothing and thus it would have a zero salvage value. No change in net operating working capital would be required, and revenues and other operating costs would be constant over the project's 3-year life. What is the project's NPV? (Hint: Cash flows are constant in Years 1-3.) 

<span>WACC 10.0% </span>
<span>Opportunity cost $100,000 </span>
<span>Net equipment cost (depreciable basis) $65,000 </span>
<span>Straight-line depreciation rate for equipment 33.333% </span>
<span>Annual sales revenues $123,000 </span>
<span>Annual operating costs (excl. depreciation) $25,000 </span>
<span>Tax rate 35%
</span>
The answer is <span>12,271</span>
5 0
3 years ago
Why is it important to manage your income? HELPPPPPP ASAPPPPPPP!!!!!
Free_Kalibri [48]
Knowing your income will help you create a budget that allows to pay for living expenses
5 0
3 years ago
In considering channels and logistics, what is the definition of intermodal transportation? Group of answer choices Combining tw
Taya2010 [7]

Answer:

Inter-modal transportation: Combining two or more modes of transportation

Explanation:

Logistics is the movement and coordination of resources such as food, liquids, materials, inventory, people and equipment from one location (origin) to another (destination). Intermodal transportation is used in logistics to transport a shipment from the shipper to the consignee. There are 3 methods of transportation:

  1. Ocean transportation e.g. ships
  2. Land transportation e.g. trucks, trains
  3. Air transportation e.g. flights

When any resource is transported by use of any two or more of these modes, it is known as intermodal transportation. For example, a container of clothing might be transported from Tokyo, Japan to New York, USA.

<u />

Japan factory to Japan Harbor: Train

Japan Harbor to USA Harbor: Ship

USA Harbor to warehouse in USA: Flight

Warehouse to shopping mall: Truck

5 0
3 years ago
Select the correct answer. Which skill ensures that you follow fair/legal practices in your work and while dealing with people i
kicyunya [14]

Answer:

E

Explanation:

When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.

4 0
3 years ago
Other questions:
  • Anyone know the answer to this?
    9·1 answer
  • . Janet, the manager of HollyOak Systems, is known for her passionate and people-friendly ways. Janet knows all her employees we
    6·1 answer
  • g Automatic stabilizers a. increase the problems that lags cause in using fiscal policy as a stabilization tool. b. are changes
    14·1 answer
  • Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three
    7·1 answer
  • Which payment method typically charges the highest interest rates? EverFi?
    10·2 answers
  • A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. This item would be included in
    8·1 answer
  • Business Rental Corporation (BRC) and Cartage Trucking Companyenter into a contract for a lease of ten hydraulic lifts. Under th
    7·1 answer
  • e. Which of the following statements is true? Deflation means that the price level is falling, whereas with inflation the inflat
    11·2 answers
  • A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain
    11·1 answer
  • Miriam if you found this comment
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!