Answer: 75,000 units
Explanation:
Come up with an expression to solve this.
Assume the budgeted production needed is P.
P needs 2 pounds of raw materials per unit so raw materials needed are 2P.
Beginning raw materials for February have to be 30% of the needs of February;
= 30% * 2P
= 0.6P
Ending raw materials for February have to be 30% of March needs so;
= 30% * 100,000 * 2 pounds
= 60,000 pounds
So;
Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials
165,000 = 2P + 60,000 - 0.6P
1.4P = 165,000 - 60,000
P = (165,000 - 60,000) / 1.4
= 75,000 units
Answer:
The Cost of Goods Sold for the month is $3780.
Explanation:
closing inventory = 5 units
opening inventory = 3 units
purchases during the month = 20 units
units sold during the month = opening inventory + purchases during the month - closing inventory
= 3 + 20 - 5
= 18 units
cost of goods sold = 18*$210
= $3780
Therefore, The Cost of Goods Sold for the month is $3780.
My typical approach would be different from many other peoples, but sense one of the meanings of ambiguous is to be unclear, uncertain, or vague, then i would say that my typical approach would be to try and make the situation make more sense.
Answer:
Because the Federal Deposit Insurance Corporation is supposed to provide insurance to depositors in case of bank failure, a major scandal regarding this institution could affect both the monetary base and the money supply.
People, after learning about the scandal, would likely go to the bank and withdraw as much money as possible, possibly causing bank runs.
If the banks have less deposits to loan out, they will create less money, causing the money supply to grow less, or even, to contract.
As for the monetary base, if people withdraw money, they will hold more cash and less deposits. The monetary base is equal to currency in hands of the public plus bank reserves. A preference for cash would increase the currency element of the monetary base.
Yes. He don’t have to pay and the bartender could get arrested for failing to renew the licence