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
On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use
sergeinik [125]

Answer:

interst expense 1,920 debit

     interest payable      1,920 credit

--to record year-end adjustment--

interest expense     1,280 debit

interest payable      1,920 debit

note payable       160,000 debit

     cash                               163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

rate 8% annual

days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0
3 years ago
What role do sources play in validating an argument? Are we able to rely on the internet to provide complete and truthful inform
Andrej [43]

Incomplete question. However, I answered from a general research perspective.

<u>Explanation:</u>

<em>What role do sources play in validating an argument?</em>

Well, the term source basically refers to the originator of any information. We have sources that are considered <em>credible sources</em> (like Encyclopedia, Journal Magazine, Newspaper, etc) and others that are considered <em>incredible sources </em>(general social media post). Knowing the kind of source could thus help validate an argument.

Relying on the internet to provide complete and truthful information is difficult considering the amount of fake news available today.

8 0
3 years ago
Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However,
BigorU [14]

Answer:

Based on the information supply of cards is more elastic (price sensitive) than that of roses

Explanation:

Price elasticity of supply is defined as the sensitivity of quantity supplied to changes in price.

The formula is given below

Price elasticity of supply= Change in quantity supplied ÷ Change in price

In this scenario the demand for both roses and cards increases, however the price of roses increases more.

This implies that the denominator in the formula is higher in roses resulting in smaller price elasticity of supply.

The elasticity of supply for cards is higher than that of roses, so it is more sensitive to changes in price.

Cards can be stored from year to year so the labour for maintaining a stock of cards is low with resultant low price.

On the other hand roses require care to grow. It requires watering, application of chemicals to treat infestation and so on. So suppliers tend to push the extra cost of growing roses to the buyers

6 0
2 years ago
Read 2 more answers
All of the following are true of the real interest rate except it Is equal to the nominal interest rate minus the anticipated ra
Lynna [10]

Answer:

Equals the foreign exchange rate minus the inflation rate.

Explanation:

Nominal rate of interest refers to the interest rate which does not account for rate of inflation.

It is expressed as

Nominal interest rate = Real interest rate + rate of inflation

Real interest rate is considered to be a better measure since it is adjusted for rate of inflation.

Foreign exchange rate refers to exchange rate between two currencies which is based upon inflation and interest rates prevailing in the respective countries.

5 0
3 years ago
Marginally attached workers are people who are a. looking for a better job than they currently have. b. not working and are not
lisabon 2012 [21]

Answer:

The correct answer is B

Explanation:

Marginally attached workers are those workers or person who are not in the labor force but want and also available for work and the persons looked for a job sometime in the previous twelve months.

These kinds of workers will not counted as an unemployed worker due to they had not looked for work in previous 4 weeks, for any reason.

So, the marginally attached workers or persons are those people who are not working yet but looking for work and will also work if asked.

7 0
3 years ago
Other questions:
  • 1. Do you believe E-sports will continue to grow in the future? Why or why not?
    5·2 answers
  • Which of the following statements regarding a company's social responsibility and sustainability strategy is FALSE?
    5·2 answers
  • g Which of the following is true? Partial equilibrium analysis will:3)A)understate the impact of a tax for complements and overs
    11·1 answer
  • As a manager for XYZ Company. you are assigned to resolve a conflict between two departments of your organization.Both parties h
    9·1 answer
  • Business ethics: Results in a set of correct decisions made by a company Refers to a standard of business conduct Can improve bu
    11·1 answer
  • Marble Construction estimates that its WACC is 10 percent ifequity comes from retained earnings. However, if the company issuesn
    9·1 answer
  • Consider two points on the production possibilities frontier (PPF): point A, at which there are 50 oranges and 100 apricots, and
    7·1 answer
  • Harry recently raised his employees' wages, which has increased production costs. Which factor did the salary hike affect?
    15·2 answers
  • If a check correctly written and paid by the bank for $646 is incorrectly recorded on the company's books for $664, the appropri
    7·1 answer
  • Eduardo sold 500 shares of northcutt corporation stock on the new york stock exchange. this transaction:____.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!