What determines how a change in prices will affect total revenue for a company?

1. Production and DM budgets: Stolen Horse, Inc. manufactures and distributes toy dinosaurs throughout the Western United States

Yanka [14]

Answer:

Check the explanation

Explanation:

RAW MATERIAL PURCHASE BUDGET

July Aug Sep Total

Budgeted

Production units 64,000 97,200 1,05,200 2,66,400 79,200

RM required per unit 4 4 4 4 4

Total

RM requirement 2,56,000 3,88,800 4,20,800 10,65,600 3,16,800

Add: Desired

Ending Inventory 1,55,520 1,68,320 1,26,720 1,26,720

Total needs 4,11,520 5,57,120 5,47,520 11,92,320

Less: Beginning

Inventory 96,000 1,55,520 1,68,320 96,000

Purchase Units 3,15,520 4,01,600 3,79,200 10,96,320

Kindly check the attached image below to see the well arranged accounting entry.

6 0

2 years ago

July 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated J

kramer

Answer:

Journal Entries are as below

Directive or Autocratic Decision Making:

Managers who embed such style assess few alternatives and consider limited information while taking any decision. They are intuitive and impulsive, do not find it important to consult with others or seek information in any form and use their cognitive process and idea while taking decisions.

BLINK COMPANY

JOURNAL

PERPETUAL INVETORY SYSTEM [AMOUNT IN $]

DATE PARTICULARS INVOICE DATE DR. CR.

Jul-01 PURCHASE A/C Jul-01 6,000

1/15,N/30 PAYABLE A/C {BODEN CO.} 6,000

Jul-02 A/C RECIEVABLE {CREEK CO.} Jul-02 900

SALES 900

2/10,N/60

COST OF GOODS SOLD 500

INVENTORY 500

Jul-03 CARRIAGE INWARDS A/C Jul-01 125

CASH A/C 125

Jul-08 CASH A/C 1,700

SALES A/C 1,700

COST OF GOODS SOLD 1,300

INVENTORY 1,300

Jul-09 PURCHASE A/C Jul-09 2,200

PAYABLE A/C {LEIGHT CO.} 2,200

2/15,N/60

Jul-11 PAYABLE A/C {LEIGHT CO.} Jul-09 200

INVENTORY 200

Jul-12 BANK A/C Jul-02 882

DISCOUNT ALLOWED 18

A/C RECIEVABLE {CREEK CO.} 900

Jul-16 PAYABLE A/C {BODEN CO.} Jul-01 6,000

BANK A/C 5,940

DISCOUNT RECEIVED 60

Jul-19 A/C REVIEVABLE {ART CO.} 1,200

SALES 1,200

2/15,N/60

COST OF GOODS SOLD 800

INVENTORY 800

Jul-21 SALES RETURN A/C Jul-19 200

A/C RECIEVABLE {ART CO.} 200

INVENTORY 134

COST OF GOOD SOLD 134

Jul-24 PAYABLE A/C {LEIGHT CO.} 2,000

BANK A/C 1,960

DISCOUNT RICEIVED 40

Jul-30 BANK A/C Jul-19 980

DISCOUNT ALLOWED 20

A/C RECIEVABLE {ART CO.} 1,000

Jul-31 A/C RECIEVABLE {CREEK CO.} Jul-31 7,000

SALES 7,000

2/16,N/60

COST OF GOODS SOLD 4,800

INVENTORY 4,800

Download xlsx

3 0

3 years ago

In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the

Kazeer [188]

Solution:

The reporting unit's book value of $250 million meets the market value of $220 million.

Requirement 1:

Determination of implied fair value of goodwill:

Fair value of Center point, Inc. $220 million

Fair value of Center point’s net assets (excluding goodwill) 200 million

Implied fair value of goodwill $ 20 million

Measurement of impairment loss:

Book value of goodwill $62 million

Implied fair value of goodwill 20 million

Impairment loss $42 million

Requirement 2: If the operating unit's market valuation of 270 million dollars surpasses 250 million dollars, there is no depreciation risk.

4 0

2 years ago

midshipmen Company borrows $17,500 from Falcon Company on July 1, 2021. Midshipmen repays the amount borrowed and pays interest

irina [24]

Answer:

Debit Credit

July 2021

Cash 17,500

Loan payable 17,500

June 30, 2022

Loan Payable 17,500

Interest payable 2,100

Cash 19,600

Adjusting Entry's

Debit Credit

Interest expense 1050

Interest Payable 1050

Explanation:

Interest for the year = 0.12*17500=2100

Interest expense 2021= 6/12*2100= 1050

6 0

2 years ago

Read 2 more answers

In the securitization process, mortgages are pooled together and cash flows are packaged into securities to be sold in the secon

Viefleur [7K]

Answer:

conduits

Explanation:

A mortgage-backed security is one in which is similar to bonds but that usually consists of home loans ought from banks that issued them. It is a type asset-backed security which can be sold through brokers.

investment in mortgage-backed assets means the investor is lending out his money to people that intend to get a home.

A mortgage-backed security can be bought directly from banks or through brokers. These brokers are also called conduits.

Cheers

7 0

3 years ago