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4 years ago

8

Garcia manufacturing's april sales forecast projects that 5,000 units will sell at a price of $10.50 per unit. the desired endin

g inventory is 30% higher than the beginning inventory, which was 1,000 units. budgeted purchases of units in april would be:

1 answer:

shtirl [24]4 years ago

6 0

Budgeted Purchases = Sales units + Closing inventory - Beginning Inventory
= 5,000 + (1,000 * 130%) - 1,000
= 5,300 units

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If the United States exports $150 billion of goods and services and imports $100 billion of goods and services and there is no o

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Answer:

$50 billion.

Explanation:

Current Account represents the balance of Trade (Imports & Exports) plus net income and direct payments. Countries strive to maintain their current account surplus which is an indicator that the country is producing and exporting more than its consumption and imports. In this case, it is clearly stated that there are no other factors like income or transfers, so we just have to compare exports and imports. The formula for Current Account in this case is:

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3 years ago

Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 102 $42 Mar. 14,

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Answer:

Income after tax = $1666

Explanation:

LIFO (Last-In-First-Out) is a method of inventory valuation where the goods that are received last are used first. In other words, the latest stock is used first. This is common for bulky inventory, stacked one on top of another.

In order to obtain the after-tax income, both the gross profit and income before tax are required. To obtain gross profit, we require the cost of goods sold information. The inventory information is as follows:

Feb 1 : Purchases : 102 units x $42 = $4284

Mar 14 : Purchases : 175 units x $44 = $7700

May 1 : Purchases : 124 units x $46 = $5704

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124 x $46 = $5704

164 x $44 = $7216

Thus COGS : $5704 + $7216 = $12920

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Sales : $59 x 288 = $16992

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Income before tax : Gross Profit - Expenses

Operating expenses : $1692

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Income after tax : Income before tax - (tax rate x income before tax)

Tax rate : 30%

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2 years ago

Ivanhoe Company purchased a new machine on October 1, 2017, at a cost of $77,980. The company estimated that the machine has a s

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Answer:

Depreciation for

2017 = $2,540

2018 = $10,160

Explanation:

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Estimated salvage value = $6,860

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Under straight line method depreciation is fixed for each year, but in the given case in 2017 the asset is used only for 3 months, thus depreciation will be charged for 3 months only.

Final Answer

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3 years ago