Answer:
Purchases= $252,000
Explanation:
Giving the following information:
Sales= $400,000
Cost of goods sold equal to 65 percent of sales.
Beginning inventory= $80,000
Ending inventory= $72,000
To calculate the purchase required, we need to use the following formula:
Purchases= sales + desired ending inventory - beginning inventory
Purchases= (400,000*0.65) + 72,000 - 80,000
Purchases= $252,000
Answer:
b) 100 cars per day.
Explanation:
With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.
So the total labor costs per day is $60 wage per worker X 4 workers = $240
The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.
So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.
If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).
So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.
However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.
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Answer:
Netflix trades on NASDAQ.
Answer:
(1) (i) Material A required = 216,000
(ii) Material B required = 36,000
(2) (i) $1,080,000
(ii) $648,000
Explanation:
(a) Production units = Sales + Closing Stock – Opening Stock
= 75,000 + 9,000 – 12,000
= 72,000 units
Material A required = Production units × Direct Material
= 72,000 × 3
= 216,000
Material B required = Production units × Direct Material
= 72,000 × 0.50
= 36,000
(b) Material A cost = Material A required × Cost per lb
= 216,000 × $5
= $1,080,000
Material B cost = Material A required × Cost per lb
= 36,000 × 18
= $648,000
