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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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If total liabilities decreased by $27,275 during a period of time and stockholders' equity increased by $34,366 during the same

Lilit [14]

Answer:

d.$7,091 increase

Explanation:

From the accounting equation, assets = liabilities + equity. If the total liabilities decrease by $27,275, the assets will also decrease by $27,275. Similarly, when stockholders' equity increased by $34,366, the amount of assets will increase by the same amount. The net increase in assets will be $7,091, which is the difference between the increase in stockholders' equity and the decrease in liabilities ($34,366 - $27,275).

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2 years ago

You own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected retur

Charra [1.4K]

Answer:

11.2%

Explanation:

We need to calculate the weighted return of the portfolio. You have to multiply each stock's weight by the expected return.

Stock X = 0.30 x 9% (expected return) = 2.7%
Stock Y = 0.20 x 15% (expected return) = 3%
Stock Z = 0.50 x 11% (expected return) = 5.5%
weighted return of the portfolio = 2.7% + 3% + 5.5% = 11.2%

6 0

3 years ago

A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $30

Lady bird [3.3K]

Answer:

12,000

Explanation:

The aggregate amount of revenue of the stadium is $300,000 from which they have $180,000 from the stadium parking lot which has 12,000 cars inside it. So, it is $12,000 × $15 is equal to $180,000.

So, remaining will be

= $300,000 - $180,000

= $120,000

This amount needed for attaining the revenue.

So, from satellite, they revenue of $120,000. So, the number required to make it this amount is computed as:

= $120,000 / Rate of parking

= $120,000 / $10

= 12,000

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3 years ago

Biochemical Corp. requires $690,000 in financing over the next three years. The firm can borrow the funds for three years at 9.2

viva [34]

Answer:

a. We have:

Interest cost of long-term fixed-rate = $191,475

Interest cost of short-term variable-rate = $192,51

b. Long-term fixed rate plan is less costly

Explanation:

a. Determine the total interest cost under each plan.

Interest cost of long-term fixed-rate = Amount required to be borrowed * Fixed interest rate per year * Number of years = $690,000 * 9.25% * 3 = $191,475

Interest cost of short-term variable-rate = (Amount required to be borrowed * First year interest rate) + (Amount required to be borrowed * Second year interest rate) + (Amount required to be borrowed * Third year interest rate) = ($690,000 * 7.50%) + ($690,000 * 12.15%) + (($690,000 * 8.25%) = $192,510

b. Which plan is less costly?

Since the $191,475 interest cost of long-term fixed-rate is less than $192,510 interest cost of short-term variable-rate, this implies that long-term fixed rate plan is less costly.

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2 years ago

What publication can give you an idea of how administrative jobs are going to change in the future?

bogdanovich [222]

Answer: B. Occupational Outlook Handbook

The Occupational Outlook Handbook is published by the United States Department of Labor's Bureau of Labor Statistics.

It provides information regarding the nature of work, training and education required for a particular job and earnings and job outlook for a wide range jobs and sectors in the United States.

It is published biennially and was first published in 1948. The latest edition is the 2018-19 handbook.

4 0

3 years ago