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Andrew [12]
3 years ago
14

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of th

e materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month wasMultiple Choice$4,300.$6,200.$7,500.$10,500.$18,000.
Business
1 answer:
Scorpion4ik [409]3 years ago
5 0

Answer:

$18,000.

Explanation:

The computation of the total revenue is shown below:

= Selling price per quilting kits × number of kits sold

= $120 × 150 kits

= $18,000

Simply we multiply the selling price and the number of kits sold so that the total revenue for the month can come.

All other information which is given is not relevant. Hence, ignored it

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Guillermo is currently in the process of projecting how much his firm will have to spend on supplies, travel, rent, advertising,
quester [9]

Answer:

The answer is c. operating (master) budget.

Explanation:

Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.

Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.

As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.

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3 years ago
A gardener is filling 5 planter boxes (cubical pots) with potting soil. Each box is 1.5 feet long on each side. The gardener has
Daniel [21]

Answer:

There is not enough potting soil. The gardener needs 1.875 cubic feet more potting soil.

Explanation:

In the given scenario we need to calculate the total volume of the cubic boxes.

Cubic volume = side * side * side

Cubic volume = 1.5 * 1.5 * 1.5

Cubic volume = 3.375 cubic feet

Since there are 5 planter boxes

Total volume = 3.375 * 5 = 16.875 cubic feet

The volume of soil in the 3 bags is

Volume of soil in bags = 3 * 5 cubic feet = 15 cubic feet

So there is insufficient soil to fill the planter boxes.

The difference is

Difference = 16.875 - 15

Difference = 1.875 cubic feet of soil is short

4 0
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How much money would you have to invest today, at an interest rate of 5% in order to reach your goal of $1,000,000 in 30 years?
kykrilka [37]
1.000.000 = X+(1+0.05x30)

If you invest $ 231.500 for 30 years with an yearly interest rate of 5% and you don't contribute extra money to the investment over this 30 yrs period you will have at the end $ 1.000.000 officially becoming a millionaire!
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If an employer does not offer a retirement plan, what might be another way to save for retirement?
dimulka [17.4K]
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