Answer:
Explanation:
The initiatives that must be taken into account to make an effective and accurate forecast are the following:
1. To have information about all the sales that have been made in the company. With this data you can analyze how often a certain product moves.
2. An updated inventory must be available, since it will be ready to work.
3. The order in which the products are arriving, is another aspect to take into account, since they can be used to replenish the stock.
4. To Keep the merchandise on time. It is useful for calculating the forecast.
5. To generate the forecasts, a forecast of the sales area in the commercial area must be maintained and allows the customer to maintain first-line contact.
The
predetermined overhead rate can be obtained by calculating the total cost
(variable cost + fixed cost) then dividing it to the amount of work hours. This
is calculated based on the estimated machine hours.
Total cost =
$7.03 * 62,000 + $1,486,140
Total cost = $1,922,000
The predetermined overhead
rate is therefore:
Predetermined overhead rate
= $1,922,000 / 62,000 hours
<span>Predetermined overhead rate
= $31 / hr</span>
Answer:
$623,110.52
Explanation:
We use the present value function to calculate the amount available now that is shown in the attached spreadsheet. Kindly find it below:
Future value = $0
Rate of interest = 5%
NPER = 20 years
PMT = $50,000
The formula is shown below:
= PV(Rate;NPER;-PMT;FV;type)
So, after solving this, the present value is $623,110.52
Answer:
c. $87,000
Explanation:
The computation of the Arthur's basis in the partnership interest at the end of the year is shown below:
= His share of partnership liabilities + net operating income share + increased share in liabilities - distributed amount
= $60,000 + $12,000 + $20,000 - $5,000
= $87,000
Net operating income share is
= $40,000 × 30%
= $12,000
We simply applied the above formula