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Alenkasestr [34]
3 years ago
5

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

<u>Purchases in pounds:</u>

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

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

Total pounds= 227,500

<u>Now, the cost of direct material:</u>

<u>Direct material cost:</u>

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).

5 0
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.

3 0
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
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