1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andreyandreev [35.5K]
3 years ago
10

The Casings Plant of Wyoming Machines makes plastics shells for the company’s calculators. (Each calculator requires one shell.)

For each of the next two years, Wyoming expects to sell 160,000 calculators. The beginning finished goods inventory of shells at the Casings Plant is 20,000 units. However, the target ending finished goods inventory for each year is 5,000 units. Each unit (shell) requires 6 ounces of plastic. At the beginning of the year, 60,000 ounces of plastic are in inventory. Management has set a target to have plastic on hand equal to two months’ sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished product for the coming year. b. Compute the required amount of plastic to be purchased for the coming year. (Do not round intermediate calculations.)
Business
1 answer:
aniked [119]3 years ago
5 0

Answer and Explanation:

a. The computation of the targeted production of the finished product is shown below:

= Expected sales units - beginning finished goods + ending finished goods

= 160,000 - 20,000 + 5,000

= 145,000 shells

b. The required amount of plastic purchased is

Plastic to be purchased = Consumed plastic + closing inventory - opening inventory

where,

Consumed plastic is

= 145,000 × 6 ounces

= 870,000 ounces

Opening inventory is 60,000  ounces

And, the closing inventory is

= 160,000  ÷ 12 months × 2 months × 6 ounces

= 160,000

So, the purchased plastic is

= 870,000 + 160,000 - 60000

= 970,000 ounces

You might be interested in
The spaghetti sells 340 units per week at $12 per plate. The steak sells 212 units at $16 per plate. Which has the higher
stepan [7]

Answer:

a) Spaghetti

Explanation:

Dollar value means the actual amount raised from selling. In this case,

spaghetti will have  dollar sales of:

=340 x $12

=$4,080

Steak

=212 x $16

=$3,392

Therefore, spaghetti has higher dollar sales.

4 0
2 years ago
Micro Corp. reported a statutory tax rate of 35% and an effective tax rate of approximately 15%. The current year's income state
Alexxx [7]

Answer:

$19,687 million

Explanation:

Income tax expense = Income before income tax expense*Effective tax rate

Income before income tax expense = Income tax expense / Effective tax rate

Income before income tax expense = $2,953 million / 15%

Income before income tax expense = $2,953 million / 0.15

Income before income tax expense = $19,687 million

So, the amount that Micro report as income before income tax expense that year is $19,687 million.

6 0
3 years ago
On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will b
DedPeter [7]

Answer:

50$

Explanation:

5000 x 4% x 90/360 = 50$

5 0
2 years ago
Currently, the yield curve is ascending. A customer believes that the Federal Reserve will start to tighten credit by raising sh
sleet_krkn [62]

Answer:

Short-selling long-term bonds and taking long position on short-term assets

Explanation:

When the yield curve ascends, the long-term bond's price will go down. Hence, do short-sell the long-term bonds. On the other hand, short-term asset's price will be depreciated because Fed tightens credit and raise short-term rate, which is the chance to purchase and make profits from capital gains.

3 0
3 years ago
John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would e
jeka94
Since their is no choices he shouldn’t never touch the money and keep adding cash it increase it over time.
8 0
3 years ago
Other questions:
  • Louise Fulkerson is president of the Student Marketing Association at Baylor University. Louise and the otherofficers want to co
    11·1 answer
  • In one study of 1,112 israeli parole board hearings, judges granted parole to 65 percent of the prisoners when their cases were
    9·2 answers
  • Could someone help me on my resume for my career class?
    8·1 answer
  • On june 8, williams company issued an $80,000, 5%, 120-day note payable to brown industries. assuming a 360-day year, what is th
    11·1 answer
  • Emma is hoping to secure an internship with an engineering firm this summer. She's talked with friends and family, but they have
    14·1 answer
  • The best business portfolio is the one that ________.
    15·1 answer
  • During the year, Sheldon Company had net credit sales of $40,000. At the end of the year, before adjusting entries, the balance
    13·1 answer
  • The advantages of personal financial planning include:
    11·1 answer
  • I need help. My bunny died a few months ago. We had him for abt 11 and a half years. When i was sad or mad or just wanted to get
    6·2 answers
  • The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!