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AveGali [126]
3 years ago
9

What if Clapton Company in Example 9-1Preview the document changed their desired ending inventory level to equal 20.5% of next q

uarter's budgeted sales instead of 20%. How many budgeted units would be produced in the 2nd quarter (April-June)? Round your answer to the nearest whole unit.

Business
1 answer:
Sholpan [36]3 years ago
7 0

COmplete Question:

Check the first file attached for the missing part of the question

Answer:

Budgeted production for second quarter 34,813

Explanation:

check other files for well formatted image and excel files

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What are two specific steps Chuck and Wendy could take to increase their net worth in the next year?
quester [9]

In accounting, net worth is defined as assets minus liabilities. Essentially, it is a measure of what an entity is worth. For an individual, it represents the properties owned, less any debt the person has. For a company, net worth is the value of the company.

1.Get a Raise. The most straightforward way to increase your net worth is to increase your income. ...

2.Find New Sources of Income. Money doesn't have to come from just your day job. ...

3.Buy a House. ...

4.Spend Less. ...

5.Get Out of Debt. ...

6.Invest in Stocks. ...

7.Hit Your Company's 401K Match. ...

8.Open a Roth IRA

3 0
3 years ago
A department adds raw materials to a Process at the beginning of the process and incurs conversion costs uniformly throughout th
Natasha_Volkova [10]

Answer: c. 78,000 equivalent units.

Explanation:

Equivalent units for conversion is calculated as:

= Units completed and transferred out + Equivalent ending work in process

Units completed and transferred out:

= Units started into production - Ending units

= 90,000 - 20,000

= 70,000 units

Equivalent ending work in process = 40% * 20,000 work in process units

= 8,000 units

Equivalent units for conversion = 70,000 + 8,000

= 78,000 units

7 0
3 years ago
Presented below are three transactions. Mark each transaction as affecting owner's investment (I), owner's drawings (D), revenue
emmasim [6.3K]

Answer:

a. revenue (R), affecting owner's investment (I)

b. not affecting owner's equity (NOE)

c. expense (E) and affecting owner's investment (I)

Explanation:

Revenues and Expense form Profits which are included in the statement of changes in equity through the Retained Income line item, thus these two also affect owners investment.

7 0
3 years ago
Review the following statements regarding a petty cash fund used in a business. Select the one that is correct. Multiple choice
valentinak56 [21]

Answer:

Only the petty cashier is responsible for paying cash from the fund.

Explanation:

A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.

3 0
3 years ago
Using these data from the comparative balance sheet of Sunta Fe Spice Company, perform horizontal analysis. (Round percentages t
frozen [14]

Answer:

75000,25%;

18000, 30%.

420000, 15%.

Explanation:

From the question above we are given the following parameters Accounts receivable for year 2017 = $ 375,000,

Inventory for the year 2017 = 780,000 and the Total assets for the year 2017 = 3,220,000.

Accounts receivable for year 2016 = $ 300,000, inventory for the year 2016 = 600,000 and the Total assets for the year 2016 = 2,800,000.

Therefore, we have the following simple arithmetic(which is subtraction between the variables in the two years) to determine the solution to the question:

(375,000 - 300,000) = 75,000 = 25%(increase).

(780,000 - 600,000) = 180,000 = 30%(Increase).

(3,220,000 - 2,800,00) = 420,000 = 15%(increase).

8 0
3 years ago
Read 2 more answers
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