Answer:
$478,000
Explanation:
Purchase inventory = cost of goods sold + ending inventory - beginning inventory
Purchase = (445,000 + 76,000) - 43,000 = $478,000
Answer:
Explanation:
a) Confidence index=Yield on top-rated corporate bonds/ Yield on intermediate-grade corporate bonds
This year=9.3%/11.8%=0.788
Last Year=9.8%/11.3%=0.8673
b) From the calculations we can see that confidence index is decreasing from 0.8673 to 0.788.
<u>Answer:
</u>
The following are the values with their correct matches
Pays medical bills - Liability coverage.
Pays damages to your car - Collision coverage.
Pays damages to the other car - Pays 0% damages to the other car.
<u>Explanation:
</u>
- Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
- The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
- One would choose to not spend on the repairing of the other car when one car is in good condition.
Answer: Budgeted Raw Material to be consumed in July.
Quantity Price per pound Total
10,200 $6 $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity Price per pound Total
10,200 $6 $61,200
