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AlexFokin [52]
3 years ago
11

Our company manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecas

ts 4% growth in sales each month, the number of electric stapler sales budgeted for March should be:_____.
A) 10,000.
B) 11,249.
C) 10,400.
D) 10,816.
E) 11,000.
Business
1 answer:
STatiana [176]3 years ago
7 0

Answer:

B) 11,249.

Explanation:

The computation of the number of electric stapler sales budgeted for Marchis shown below:

On Jan

= 10,000 units × 1.04

= 10,400 units

On feb

= 10,400 units × 1.04

= 10,816 units

On march

= 10,816 units × 1.04

= 11,248.64 units

Hence, the correct option is B. 11,249

therefore all other options are wrong

We simply multiplied the unit sales with the growth rate

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At the beginning of 2016, Gannon Company received a three-year zero-interest-bearing $1,000 trade note. The market rate for equi
notka56 [123]

Answer:

d. Overstate, understate, understate, zero

Explanation:

The amount of earnings overall is the same. so, in the end, there is n difference in retained earnings.

But, on accrual accounting, the note should not enter the accounting as 1,000 as time value of money exist.

At 2016 the sales revenue should be the present value of 1,000 dollars not the complete 1,000 dollars. Thus, is overstated.

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3 years ago
Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
Sergio039 [100]

Answer:

Option (A) is correct.

Explanation:

Given that,

Implicit costs per week = $200,000

Average explicit cost per banana = $0.25 per banana

Per week bananas sold = 1 million

Explicit cost = Average explicit cost per banana × No. of banana sold

                    = $0.25 × 1,000,000

                    = $250,000

Total revenue = No. of banana sold × Selling price of each banana

                        = 1,000,000 × $0.50

                        = $500,000

Accounting profit = Total revenue - Explicit cost

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                             = $250,000

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3 years ago
Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to
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Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

       Royal Lawrence Company

                                                                  Income statement

                                                      Weedban Greengrow Total

                                                                    $                   $                   $

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Variable cost (Vc/unit × units)              (<u>98,000)</u>      (<u>325,000)</u>  (<u>423,000)</u>

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Common Fixed cost                                                     <u>(100,000)</u>

Total profit                                                                     <u>523,000 </u>

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