Answer:
$32.000 - is the cost of goods available for sale
$313.000 . is the cost of goods sold
Explanation:
The cost of goods available for sale it's the ending finished goods inventory, because at the beginning of the next period is the inventory that the company have for sale.
Regarding to the cost of goods sold we need the initial inventory and then sum the cost of goods manufactured during the year, once the total it's calculated we only need to deduct the inventory at the end of the next year and than we have the cost of goods sold.
Please see details below:
Cost of goods available for sale: $32.000
Cost of goods sale: $313.000 --> $25.000 + $320.000 - $32.000
Answer:
The cash collections of credit sales in the month of December are $131,150
Explanation:
The cash collections of credit sales in the month of December = 15% of credit sales in December + 50% of credit sales in November + 35% of credit sales in October
Funcycle Manufacturing's budget includes the credit sales: October, $136,000; November, $120,000; December, $157,000
Therefore,
Cash collected in December = 15%x$157,000 + 50%x$120,000 + 35%x$136,000 = $131,150
Answer:
230
Explanation:
Calculation for Champ’s budgeted production (in units) for May
CHAMP INC.
Production Budget For month ended May 31
Sales during the month 230
Less: Opening Stock (138)
(60%*230)
Sales units required to produce in May 92
(230-128)
Sales during June 230
Add: Closing stock of May 138
(230*60%)
Budgeted production (in units) for May: 230 (138+92)
Therefore Champ’s budgeted production (in units) for May will be 230
Answer:
The correct answer is letter "E": is generally more desirable to companies than collection float.
Explanation:
Disbursement floats refer to the amount of money a company has spent but has not been discounted from its account yet. This usually happens when the company makes wire transfers to different banks or issues checks that take to clear some days.
<em>Disbursement floats are preferred for a company compared to collection float since the latter is based on debts that the firm has not been able to pay yet while disbursement floats are just the result of unfinished transactions the company has already taken responsibility for.</em>
Answer:
are decreased
Explanation:
the reserve ratio is the reserve requirement on commercial banks to deposit a percentage of their deposit liabilities to the Central Bank so as not to lend or invest all of them. Therefore when reserve ratio is increased, excess reserves available to banks decrease as they are required to keep more funds with the Central Bank. In the US, the Federal Reserve is in charge of setting the reserve ratio which is specified in Regulation D