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4 years ago

PLEASE HELP ASAP!!! (There are 5 questions)

Business

1 answer:

Nimfa-mama [501]4 years ago

7 0

C): 6 to 12 months

C): Ulterior motives

A): A point sale

A): Guarantee and safety agreement

B): 90 Days

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For Goody Company, the budgeted cost for one unit of product is direct materials $10, direct labor $20, and manufacturing overhe

dybincka [34]

Answer:

$475,000

Explanation:

Direct materials (M) = $10 per unit

Direct labor (L) = $20 per unit

Manufacturing overhead (O) = 80% of L = 0.8 *$20 =$16 per unit

Selling Price (S) = $65 per unit

Units sold (N) = 25,000 units

The budgeted gross profit for 25,000 units is:

$P = N*(S-(M+L+O))\\P=25,000*(\$65-(\$10+\$20+\$16))\\P=\$475,000$

The budgetd gross profit for Goody Company is $475,000

6 0

3 years ago

Does gross profit take into account taxes

Zepler [3.9K]

No, it doesn't. Gross profit is revenues (sales) minus cost of goods sold.

3 0

4 years ago

A good description of source inspection is inspecting: a. materials upon delivery by the supplier. b. the goods at the productio

trasher [3.6K]

Answer: e) One's own work.

Explanation:

Source inspection is the examining or checking that is used for inspecting quality of goods and quality control process. This process is carried through source inspector for surveillance of product or goods own working and function.

Other options are incorrect because source inspection does not investigates design specification, delivered goods, supplier plant products and products at production department.Thus, the correct option is option(e).

4 0

3 years ago

Wildhorse Company expects to have a cash balance of $124,200 on January 1, 2022. These are the relevant monthly budget data for

OlgaM077 [116]

Answer:

Answer is explained in the explanation section below.

Explanation:

We need to set up a cash budget for the Wildhorse Company in their first two months of the year 2022.

Company = Wildhorse

For the Two Months Ending February 2022

So, below is the Cash Budget:

January February

Beginning of Cash balance $124,200 $67500

Add: Receipts

Sale of Short Term Investments $32400 -

Collection from Customers $191700 $394200

Total Receipts $224100 $394200

Total Available Cash $348300 $461700

Less: Disbursements:

Wages $81000 $108000

Administrative Expenses $51300 $62100

($54000-$2700Dep.) ($64800-$2700Dep.)

Selling Expenses $40500 $54000

Payments to Suppliers $108000 $202500

Total Disbursements $280800 $426600

Excess or (Deficit) of Avble Cash $67500 $35100

Financing:

Add: Borrowings - $18900

Less: Repayments - -

Ending Cash Balance $67500 $54000

Explanation: As cash availability in February is only $ 35100, the company will borrow $18900 to maintain a minimum balance of $30,000.

Borrowing in February = Minimum Balance - Available Cash

Borrowing in February = $54000-$35100

Borrowing in February = $18900

6 0

3 years ago

Todd and Jessalyn are 25, newly married, and ready to embark on the journey of life. They both plan to retire 45 years from toda

Inessa05 [86]

The last part of Question:

How much money will Todd and Jessalyn have in 45 years if they do nothing for the next 10 years, then puts $2400 per year away for the remaining 35 years?

Answer:

Todd and Jessalyn will still have $346,590.23 in 45 years if they do nothing

Explanation:

End of the year deposit, Annuity (A) = $2,400

Interest rate, r = 7.2% = 0.072

Number of years of deposit, n = 35

The future value can be calculated given the formula:

$FV =A * \frac{(1+r)^{35} -1 }{r} \\FV =2400* \frac{(1+0.072)^{35} -1 }{0.072}$

FV = 2400 * 144.413

FV = $346,590.23

Todd and Jessalyn will still have $346,590.23 in 45 years if they do nothing. The money they have saved for 35 years will outlive their 10 years of idleness

4 0

3 years ago