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3 years ago

Production estimates for August are as follows:

Business

1 answer:

Minchanka [31]3 years ago

7 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Production:

Estimated inventory (units), August 1 12,000

Desired inventory (units), August 31 2,000

Expected sales volume (units), August 75,000

For each unit produced, the direct materials requirements are as follows:

Direct material A ($5 per pound) 3Ibs

Direct material B ($15 per pound) 1/2 Ib

First, we need to determine the number of pounds required.

Production= sales + desired ending inventory - beginning inventory

Production= 75,000 + 2,000 - 12,000= 65,000 units

Purchases in pounds:

Direct material A= 65,000*3= 195,000

Direct material B= 65,000*0.5= 32,500

Total pounds= 227,500

Now, the cost of direct material:

Direct material cost:

Direct material A= 195,000*5= $975,000

Direct material B= 32,500*15= $487,500

Total= $1,462,500

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The federal reserve's goal in managing the money supply is to ensure that money retains its value.

sattari [20]

The answer is B: False The Federal's Reserve goal is to provide the nation with a safer, more flexible, and more stable monetary and financial system.

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3 years ago

Consider the following scenario. Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours

Brut [27]

Answer: Rachel should produce pie and Joey should produce bread.

Explanation:

Rachel can make 1 loaf of bread in 2 hours and 1 pie in 1 hour. Therefore, Rachel can take less time to produce 1 pie as compared to 1 loaf of bread, as a result she should produce pie.

Joey can make 1 loaf of bread in 4 hours and 1 pie in 4 hours. Therefore, Joey can take same time for producing either pie or bread. But he has only one option to produce bread.

So, Rachel is specialized in producing pie and Joey is specialized in producing bread in order to maximize their combined output.

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3 years ago

As an upper-level manager for IBM, Danny is one of many people responsible for allocating organizational resources in order to a

kykrilka [37]

Answer:

informational

Explanation:

Based on the scenario being described within the question it can be said that Danny is mainly responsible for informational resources. This refers to any and all types of data, which in this case mainly pertains towards consumer preferences. Danny's responsibilities include gathering, analyzing, managing, organizing, storing, and distributing informational data.

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3 years ago

Holiday Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The not

Illusion [34]

Answer:

Explanation:

The adjusting entry for interest expense is shown below:

Interest expense A/c Dr $1,134

To interest payable $1,134

(Being interest expense is adjusted)

The interest expense is computed by

= Note payable amount × interest rate × (number of months in a year ÷ total number of months in a year)

= $75,600 × 9% × (2 months ÷ 12 months)

= $1,134

The two months is computed from the November 1 to December 31

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3 years ago

Park Co. is considering an investment that requires immediate payment of $34,000 and provides expected cash inflows of $11,800 a

Galina-37 [17]

Answer:

NPV = 3,404.41

Explanation:

We will calculate the net present value doing:

NPV = present value of the cash flow - investment

Investment = 34,000

Now we need to discount each cash flow at the given rate.

For that, we will treat the cash flow as an annuity of 11,800 for 4 year at 10% rate:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 11800

time 4

rate 0.1

$11800 \times \frac{1-(1+0.1)^{-4} }{0.1} = PV\\$

PV $37,404.41

NPV = present value of the cash flow - investment

NPV = 37,404.41 - 34,000 = 3,404.41

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3 years ago