Answer:
C. Adding the desired ending inventory of raw materials to the raw materials needed to meet the production schedule and subtracting the beginning inventory of raw materials.
Explanation:
In a budget workflow for raw materials, the relationship between the opening balance, purchase, requirement for production and ending balance may be stated as
opening + purchases - required = closing balance
Hence the raw materials to be purchased
purchases = closing balance + required - opening
C. Adding the desired ending inventory of raw materials to the raw materials needed to meet the production schedule and subtracting the beginning inventory of raw materials.
Answer:
Brand experience
Explanation:
This is true, usually all of these things help but brands are mostly not maintained by advertising but by Brand experience. This term refers to the processes that a company undergoes in order to influence the customers feelings towards a product, and by doing so hope to turn brand awareness into brand loyalty.
Answer:
<em>Year 2023 2022 2021</em>
<em>Net income/sales ratio 13.8% 8.5% 8.3%</em>
Explanation: The net income to sales ratio is computed as net income divided by sales multiplied by 100
<em>Year 2023 2022 2021</em>
% % %
Sales revenue 100 100 100
Less cost of goods sold (<u>60.6) (62.9) (63.7)</u>
Gross profit <em> 39.4 37.1 36.3</em>
Less Operating expenses <u>(25.6) (28.6 (28)</u>
Net Income <u> 13.8 8.5 8.3</u>
Net income to sales = (Net income / sales) × 100
= 13.8/100 8.5/100 8.3/100
<em>Net income/sales 13.8% 8.5% 8.3%</em>
Answer:
b. 2.81 times
Explanation:
Calculation to determine Total stockholders' equity, end-of-year 121,851
Total asset turnover is:
First step is to calculate the Total assets
Beginning Ending
Total liabilities $83,932 $103,201
Total equity 198,935 121,851
Total assets $282,867 $225,052
Now let determine the Total asset turnover
Total asset turnover = $712,855/[($282,867 + $225,052)/2]
Total asset turnover= 2.81 Times
Therefore Total stockholders' equity, end-of-year 121,851
Total asset turnover is:2.81 Times