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Strike441 [17]
3 years ago
12

Four grams of musk oil are required for each bottle of mink caress, a very popular perfume made by a small company in western si

beria. the cost of the musk oil is $1.80 per gram. budgeted production of mink caress is given below by quarters for year 2 and for the first quarter of year 3:

Business
1 answer:
harkovskaia [24]3 years ago
3 0

Answer:

Cost of raw material to be purchased  for the four quarters of Year 2 is:

Quarter 1: $720,000

Quarter 2: $979,200

Quarter 3: $1,252,800

Quarter 4: $921,600

Total year: $3,873,600

Explanation:

<u>Key explanations:</u>

<u>Units of raw material needed to meet production (A*B)  = </u>

Required production in units of finished goods (A) × Units of raw material needed per unit of finished goods (B)

So, for example for year 1: 94,000 × 4 = 376,000, same goes for other quarters.

Total raw material units needed are achieved by adding the ending inventory to units of raw material needed to meet production.

Ending inventory = 20% of the following quarter,

therefore, ending inventory for Quarter 1 = 496,000 × 20% = 99,200

Similarly, ending inventory of 1 quarter is the opening inventory of the other quarter, therefore, 99,200 ending inventory of quarter 1, is the opening inventory of quarter 2.

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Blossom Company's accounting records show the following for the year ending on December 31, 2017.
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Answer:  $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

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Ending Inventory = $45,600

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2 years ago
You have $130,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
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Answer:

Let X be the amount invested in stock A

Let 1-X be the amount invested in stock B

Expected rate = (Required rate of X* X) + (Required ratebof Y * (1-X))

0.146 = (0.128 * X) + (0.078 * (1-X))

0.146 = 0.128X + 0.078 -  0.078X

0.146 - 0.078 = 0.128X - 0.078X

X = 0.068/0.05

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Therefore, the amount to be invested in Stick Y = -$46,800

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bp = (1.36*1.3) + ((-0.36) * 1.05)

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Therefore, the portfolio beta is 1.39

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