Answer:
$3,585
Explanation:
The computation under the FIFO method is shown below:
The total purchase units equal to
= 10 units + 25 units + 30 units + 15 units
= 80 units
Out of 80 units, the 25 units are sold, so the remaining 55 units are come under the ending inventory. The classification is shown below:
10 units at $60 = $600
25 units at $65 = $1,625
20 units at $68 = $1,360
So, the total would be
= $600 + $1,625 + $1,360
= $3,585
Answer:
The incorrect statement regarding the cash budget is :
The total cash available is calculated by adding cash receipts and the ending cash balance.
Explanation:
The Cash available is calculated by <em>adding</em> the Cash Receipts to the Opening Cash Balance <u>instead of</u> the Ending Cash Balance.
The Cash that is available would then be used to meet cash expenditures for the anticipated period.
I think small stuff makes such a difference for businesses because you have to take risk if you want to be successful and with those little risks the businesses are successful
If there is a high level of PERCEIVED RISK, then consumers will take more time and effort in making a decision.
Think for example buying a house versus buying a soda.
There is not much thought needed when you are buying a soda. Choose which brand and what size, you are done.
When buying a house, because it is both more complex and more expensive, there is a greater perceived risk of losing money. When buying a home, it is a large investment and carries much risk, therefore the consumer will take more time and effort evaluating the purchase decision.
Answer:
B
Explanation:
the company only wants to produce as many units as it expects to sell.
The sales budget is first developed before the production budget because the sales budget can forecast earnings. What the sales budget does is to calculate the amount of income it will get from sales activities over the calculated time period. The production budget will then use this data from the company's sales budget to make calculations on the number of products the company would have to produce over the period of time.
