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goldfiish [28.3K]
3 years ago
12

Manhattan Enterprises manufactures cookware sets and sells the sets to department stores. Manhattan expects to sell 2,400 cookwa

re sets for $200 each in April and 3,500 cookware sets for $215 each in May. Sales are 15% cash and 85% on account. Compute the total budgeted sales for May. Group of answer choices
Business
1 answer:
liberstina [14]3 years ago
6 0

Answer:

Budgeted sales ($)= $752,500

Explanation:

Giving the following information:

Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May.

To calculate the budgeted sales, we need to use the following formula:

Budgeted sales ($)= number of units sold*selling price per unit

Budgeted sales ($)= 3,500*215= $752,500

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Bernie Madoff invites you to invest $1,000 in his fund now and be guaranteed at least $1,500 in 4 years. What is the effective r
Nady [450]

Answer: 10.67%

Explanation:

Mr Madoff is offering to grow the current value of $1,000 to a future value of $1,500 in 4 years.

This is a future value problem.

1,500 = 1,000 * ( 1 + interest) ^ 4 years

( 1 + interest) ^ 4 = 1,500/1,000

( 1 + interest) = 4√(1,500/1,000)

1 + interest = 1.1066819197

Interest = 1.1066819197 - 1

= 10.67%

8 0
4 years ago
Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units t
MissTica

Answer:

See below

Explanation:

The computation of ending inventory is shown below;

But first we need to determine the average cost per unit.

Average cost per unit

= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)

= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)

= $102,196 ÷ 1,559

= $65.55

Now, the ending inventory unit

= 1,559 units - 1,195 units

= 364 units

Finally , the ending inventory

= $65.55 × 364 units

= $23,860

4 0
3 years ago
Which of these emotions are personal benefits of work?
sergey [27]
Accomplishment is the correct answer
4 0
3 years ago
Read 2 more answers
Luma Inc. has provided the following data concerning one of the products in its standard cost system.Col1 Inputs Direct material
polet [3.4K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Standard cost= 6.90 per ounce

Standard quantity= 4.8 ounces per unit

Actual output 2,100units

Actual price of raw materials $7.80 per ounce

Actual cost of raw materials purchased $81,900

Raw materials used in production 10,090 ounces.

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (6.9 - 7.8)*10,090= $9,081 unfavorable

3 0
3 years ago
Donna runs an inn and charges $300 a night for a room, which equals her cost. Sam, Harry, and Bill are three potential customers
alina1380 [7]

Answer:

a. $25

Explanation:

According to the given situation, the computation of deadweight loss of the tax is shown below:-

Deadweight Loss = 1 ÷ 2 × 1 × ($350 - $300) = 1 ÷ 2 × ($50)

Or, Deadweight Loss = 1 ÷ 2 × ($50)

Or,  Deadweight Loss = $25

Therefore the correct option is a. $25

We simply considered the above values so that the deadweight loss of the ta could come

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