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Juli2301 [7.4K]
3 years ago
15

The sales budget for Modesto Corp. shows that 12,000 units of Product A and 14,000 units of Product B are going to be sold for p

rices of $11 and $13, respectively. The desired ending inventory of Product A is 25% higher than its beginning inventory of 3,300 units. The beginning inventory of Product B is 3,800 units. The desired ending inventory of B is 4,300 units. Total budgeted sales of both products for the year would be: _________.
Business
1 answer:
Mamont248 [21]3 years ago
4 0

Answer:

Total product A Sales = $132000

Total Product B Sales = $182000

Total Sales of Both Products = $314000

Explanation:

The Product A sales calculated using the formula = Budgeted Units Sold x Sales price Per Unit of Product A

Total Product A Sales = 12000 x $11 = $132000

The Product B sales calculated using the formula = Budgeted Units Sold x Sales price Per Unit of Product B

Total Product A Sales = 14000 x $13 = $182000

Total sales of Both product = Total Product A Sales + Total Product B Sales

Total Sales of Both Product = $132000 + $182000 = $314000

The budgeted sales for the Modesto Corp. is $314000

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Answer:

B) 3 scarves

Explanation:

total fixed costs per day = $60 (rent)

selling price per scarf = $40

variable cost per scarf = $15

contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25

break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.

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3 years ago
The following items are reported on a company's balance sheet: Cash $225,000 Marketable securities 115,000 Accounts receivable (
aleksandrvk [35]

Answer:

Current ratio is 2.5:1

Quick ratio 1.9:1

Explanation:

Current ratio =current assets/current laibilities:1

current assets =cash+marketable securities+accounts receivables+inventory

current assets=$225000+$115,000+$112000+$158,000

current assets =$610,000

current liabilities=accounts payable=$244,000

Current ratio=610000/244000

current ratio=2.5 :1

quick ratio =(current assets-inventory)/current liabilities:1

quick ratio=(610000-158000)/244000

                =1.9:1

The current ratio suggests the company has liquid resources that is more than double of current liabilities which can used in discharging debt obligations in the normal course of business

Quick ratio excludes inventory from the ratio since inventory is most difficult item to convert to cash

7 0
3 years ago
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The answer to this question will be A
5 0
3 years ago
Opportunity cost is __
Mariulka [41]

Answer: A.

Explanation:

By definition, opportunity cost is the amount or value of something you gave up for another good.

For example: say you value sleeping in at $5 value going to class at $4. You decide to get up and go to class, the $4 value. Therefore, your opportunity cost is what you gave up (sleeping in) for another good/choice (going to class), is $5 since you valued sleeping in at that.

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3 years ago
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<u>Answer:</u>

<u>Pratt Company should incur additional manufacturing cost of $15,000, since they stands to gain more.</u>

<u>Explanation:</u>

Note that every company usually place more importance to profit first, and tries to reduce losses. if Pratt Company goes with the option of selling for the scrap value, it's profit amounts to only $5,000 ($20,000-$15,000). However, <em>manufacturing further despite the additional cost gives Pratt Company a profit from the transaction of $35,000 ($50,000-$15,000).</em>

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