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nasty-shy [4]
3 years ago
15

g Jannusch Corporation makes one product. Budgeted unit sales for July, August, September, and October are 10,000, 11,600, 13,30

0, and 12,700 units, respectively. The ending finished goods inventory should equal 20% of the following month's sales. The budgeted required production for August is closest to: A. 16,580 units B. 11,940 units C. 11,600 units D. 14,260 units
Business
2 answers:
BARSIC [14]3 years ago
8 0

Answer:

The budgeted required production for August is 11940 units and option B is the correct answer.

Explanation:

The opening inventory in August will be 20% of the August's sales in units.

Thus, the opening inventory for August = 0.2 * 11600 = 2320 units

The Production in August should be enough to meet the desired closing inventory for August and the remaining sales requirements for August after selling off the beginning Inventory for August.

The desired closing inventory in August is equal to 20% of September's sales requirements.

Desired Closing Inventory - August = 13300 * 0.2 = 2660 units

Production in August = Desired Closing Inventory + Sales - Opening Inventory

Production in August = 2660 + 11600 - 2320    = 11940 units

marshall27 [118]3 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Sales:

July= 10,000

August= 11,600

October= 13,300

The ending finished goods inventory should equal 20% of the following month's sales.

To calculate the production required, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 11,600 + (13,300*0.2) - (11,600*0.2)

Production= 11,940 units

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Read 2 more answers
If the discount rate is 21% and the steady growth rate after 3 years is 2%, what should the stock price be today
jonny [76]

<u>Complete Question:</u>

Tattletale News Corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and dividends to continue for another 3 years.

a. If the last dividend paid was $10, what will the next dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Dividend  $

b. If the discount rate is 21% and the steady growth rate after 3 years is 2%, what should the stock price be today? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price  $

Answer:

Requirement A. $12 per share

Requirement B. $44.14 per share

Explanation:

Requirement A.

The next dividend can be calculated using the following equation:

Next Dividend = D0 * (1 + g)

Here

D0 is the current dividend which is $10 and g is the Growth Rate which is 20% for the first three years

By putting values, we have:

Next Dividend = $10 * (1 + 20%)

= $12 per share

Requirement B.

Year  Dividend  Growth Rate  New Dividend

1               10                      20%           12

2               12                      20%                 14.40

3                 14.4                     20%         17.28

4            17.28                    2%                   17.63

Stock Price = $17.63 * (1 + 2%) / (21% - 2%) = $94.62

The above stock price calculated is the value of stock at the end of year 4. To discount it back to year zero, we will discount it by 21%.

Stock price at year0 = $94.62 / (1 + 21%)^4 = $44.14 per share

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Answer:

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Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

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2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

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