Answer:
Merchandise purchases budget explanations only.
Explanation:
Hi, your question has missing information, however i have supplied explanations below.
A purchases budget is required to determine the quantities of purchases required for :
- Resale - For Merchandisers
- Use in Production in case of Manufacturer
Here is the structure of the merchandise purchases budget for Walker Company (Merchandiser).
<u>Merchandise purchases budget </u>
Month
Budgeted Sales x
Add Budgeted Inventory x
Total Purchases needed x
Less Budgeted Opening Inventory (x)
Budgeted Purchases x
As stated by the question : <em>Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.</em>
<em>Ending Inventory = Next months` sales x required percentage</em>
Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.
Answer:
6,000
Explanation:
Bellue incorporated manufactures a single product
The variable costing net operating income is $92,400
The inventory is 3100 units
The fixed manufacturing overhead cost is $1
Therefore the absorption cost can be calculated as follows
= 9200-1 x3200
= 9200- 3200
= 6000
Hence the absorption cos is $6,000
Answer:
E) It would not necessarily be considered high elsewhere.
Explanation:
The US inflation rate during 1979 was 11.26%, during 1980 it was 13.55%, and during 1981 it was 10.33%. These numbers may seem very high for American standards, but they aren't really high once you compare them to other nation's inflation rate.
For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.
Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).
The US dollar is considered a very stable currency, that is why an inflation rate of around 10% was considered extremely high for American standards, but not so high compared to the rest of the world.
Answer:
True
Explanation:
Total debt to total capital ratio, also known as D/C ratio is a ratio that measures a company's capital structure, financial solvency, and degree of leverage, at a particular point in time.
While the Times Interest Earned (TIE) is a ratio which measures the ability of an organization to pay its debt obligations.
So A company with high debt-to-capital ratios, compared to a general or industry average, may show weak financial strength and hence would have a lower ability to pay its debt obligations one which the TIE ratio measures.
<span>$1500 was invested at 11%
$2500 was invested at 8%
Assuming simple interest for each investment, we have the following expressions
0.11x = interest on 11% investment. (x = amount invested at 11%)
0.08(4000-x) = interest on 8% investment
Adding the 2 expressions together and setting the sum to 365 gives
0.11x + 0.08(4000-x) = 365
Now solve for x by first distributing the 0.08
0.11x + 320 - 0.08x = 365
Subtract 320 from both sides and combine x's
0.03x = 45
Divide both sides by 0.03
x = 1500
So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>
