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RideAnS [48]
3 years ago
5

In March 2017​, the money price of a carton of milk was ​$1.76 and the money price of a gallon of gasoline was ​$2.39. Calculate

the relative price of a gallon of gasoline in terms of milk.
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer:

A gallon of gasoline cost 1.36 carton of milk

Explanation:

We should divide the given product over the base product

\frac{P_x}{P_b} In this case, gasoline is the product we want to express based on carton of milk:

2.39 gallon of gasoline / 1.76 carton of milk =  1,35795454

A gallon of gasoline cost 1.36 carton of milk

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Violet Sales Corp, reports the year-end information from 2020 as follows: Sales (35,000 units) $280,000 Cost of goods sold (105,
stiv31 [10]

Answer:

COGS= $89,250

Explanation:

Giving the following information:

First, we need to calculate the unitary cost of goods sold:

Unitary COGS= 105,000 / 35,000= $3

<u>Now, the new number of units sold:</u>

Units sold= 35,000*0.85= 29,750

<u>Finally, the COGS for 2020:</u>

COGS= 29,750*3

COGS= $89,250

3 0
3 years ago
Marigold Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 12,000 units in February, and 13,50
leonid [27]

Answer:

Production Budget    Jan 10,640        Feb  12,300

Direct Materials Budget    Jan    45216  

Explanation:

Production Budget = Sales + Desired Ending Inventory - Opening Inventory

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 20% 0f 12000 units=  2400

Feb = 20% of 13500 units= 2700

Marigold Company

Production Budget

                                         Jan                     Feb            March

Sales Units                     10,300               12000          13500

Add Desired

Ending Inventory            2400                2700

<u>Less Opening                 2060                2400             2700 </u>

<u>Production Budget         10,640              12,300                </u>

<u />

Direct Materials Budget = Production Budget in pounds + Direct Materials Desired Ending Inventory - Opening Inventory Direct Materials

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 40% 0f 49,200 units=  19680

Dec = 40% 0f 42,560 units= 17024

Dec Ending Inv= Jan opening Inventory

Marigold Company

Direct Materials Budget

                                                  Jan                     Feb            

Production Units                     10,640               12300  

Pounds per unit                         4                           4

Production pounds                 42,560               49,200    

Add Desired

Ending Inventory                   19,680                  

<u>Less Opening                         17024                    19680         </u>

<u>Direct Materials Budget        45216                                </u>

5 0
4 years ago
Real estate licensee kimmy is involved in a dispute with another licensee, titus. kimmy prefers to use ______ to resolve the iss
Bezzdna [24]

Real estate licensee kimmy is involved in a dispute with another licensee, titus. kimmy prefers to use Mediation to resolve the issue, because she wants to preserve her working relationship with titus.

Mediation

An unbiased third person helps opposing parties resolve dispute via the use of specialized communication and negotiation strategies in mediation, which is a structured, interactive process. We urge active participation from each and every mediator participant. In that it is primarily concerned with the needs, rights, and interests of the parties, mediation is a "party-centered" process. To steer the discussion in a positive direction and assist the parties in arriving at their best resolution, the mediator employs a wide range of strategies. A mediator manages the interactions between parties and encourages honest dialogue, which is an example of facilitation. In addition, the mediator evaluates the concerns and pertinent standards ("reality-testing") without giving the parties any prescriptive advice.

To learn more about Mediation

brainly.com/question/25850228

#SPJ4

4 0
2 years ago
Taylor Company has current sales of 1,000 units, which generates sales revenue of $190,000, variable costs of $76,000 and fixed
Leya [2.2K]

Answer:

The change in net operating income after the changes by $14,200

Explanation:

For computing the change in net operating income, first, we have to compute the contribution per unit which is shown below:

Contribution per unit = Selling per unit - variable cost per unit

                                   = $190 per unit - $76 per unit

                                   =  $114 per unit

where,

The selling per unit = (Sales revenue ÷ number of units)

                                = ($190,000 ÷ 1,000 units)

                                = $190 per unit

The variable cost per unit = (variable cost ÷ number of units)

                                           = ($76,000 ÷ 1,000 units)

                                           = $76 per unit

Now the change in operating income equals to

= (increased sales units × contribution per unit) - advertising cost

= (300 units × $114 per unit) - $20,000

= $34,200 -$20,000

= $14,200 increase

7 0
3 years ago
Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 485 units that
Kipish [7]

Answer:

Value of closing inventory = $25771.04

Explanation:

To calculate the value of ending inventory under a periodic average cost method, we will calculate the average price per unit of inventory at the end of the month. To calculate the average price per unit, we simply divide the total cost of the inventory by the total number of units for the month.

Average cost per unit = Total cost of all units for the month / Total units available for the month

<u />

<u>Total cost of all units:</u>

Beginning inventory (485 * 66)            32010

Purchase 1     (725 * 69)                        50025

Purchase 2     (364 * 71)                    <u>    25844</u>

Total                                                       107879

<u>Total Units</u>

Beginning Inventory     485

Purchase 1                     725

Purchase 2                    <u>364</u>

Total                              1574

Average cost per unit =   107879 / 1574

Average cost per unit = $68.54

Units of closing inventory = 1574 - 1198     =   376 units

Value of closing inventory =  376 * 68.54

Value of closing inventory = $25771.04

6 0
3 years ago
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