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At January 1, 2019, Vaughn Manufacturing has beginning inventory of 2000 surfboards. Vaughn estimates it will sell 7000 units du

Iteru [2.4K]

Answer:

Sales revenues= $1,317,150

Explanation:

Giving the following information:

Vaughn estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter.

Selling price= $150

<u>First, we need to calculate the number of units to be sold in the third quarter</u>:

Sale in units= 7,000*1.12^2= 8,781

<u>Now, sales revenues:</u>

Sales revenues= 8,781*150

Sales revenues= $1,317,150

6 0

3 years ago

Swifty Company purchased equipment for $256,800 on October 1, 2020. It is estimated that the equipment will have a useful life o

enot [183]

Answer:

a. Straight line method.

Depreciation per annum = ($ 256,800 - $12,000 ) / 8 = $ 30,600.

Depreciation for 2020 = $ 30,600 * ( 3 /12 ) = $ 7,650.

b. Units of output

Depreciation per unit = ( $ 256,800 - $ 12,000 ) / 48,000 = $ 5.1

Depreciation for 2020 = 1,000 * $ 5.1 = $ 5,100.

c. Working hours.

Depreciation per hours = ( $ 256,800 - $ 12,000 ) / 20,400 = $ 12

Depreciation for 2020 = 600 * $ 12 = $ 7,200.

D. Sum of digits method

Sum of years = 8 ( 8 +1 ) / 2 = 36.

Year - 1 used ( 3 / 12 = 0.25)

Year-2 used ( 12 / 12 = 1 )

Remaining ( 8 - 1 - 0.25 = 6.75)

Depreciation for 2022 = ($ 256,800 - $ 12,000 ) * ( 6.75 / 36 )

Depreciation for 2022 = $ 45,900.

e. Double declining balance

Depreciation rate = 200 / 8 = 25 %.

Depreciation for 2020 = $256,800 * 25 % * (3 /12)

Depreciation for 2020 = $16,050.

Depreciation for 2021 = ( $256,800 - $ 16,050) * 25%

Depreciation for 2021 = $60,188.

3 0

3 years ago

Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year

GuDViN [60]

Answer:

$138,500

Explanation:

The computation of the overhead applied is shown below:

As we know that

Cost of goods manufactured = Beginning WIP + Total manufacturing costs - Ending WIP

$323,000 = $10,500 + Total manufacturing costs - $19,000

So,

Total manufacturing costs is

= ($323,000 + $19,000 - $10,500)

= $331,500

Now

Total manufacturing costs is

= Direct materials + Direct labor + Overheads

So,

Overheads is

= ($331,500 - $115,000 - $78,000)

= $138,500

4 0

3 years ago

What would be the situation if the price was moved from p2 to p3

Korolek [52]

Answer:

c

Explanation:

theprice would be too high

5 0

3 years ago

Read 2 more answers

The Fed wants to increase the money supply (which is currently $4,000) by $200. The money multiplier is 3, and people hold no ca

Greeley [361]

Fed can achieve its goals using the given tools as shown below.

<h3>What is money supply?</h3>

The money supply (or money stock) in macroeconomics refers to the entire volume of currency held by the public at a given point in time.
There are numerous definitions of "money," but common measures often include currency in circulation and demand deposits (depositors' easily accessible assets on financial institutions' accounts).
A country's central bank may utilize a definition of what constitutes legal money for its own reasons.
Money supply data is recorded and released, typically by a government agency or the country's central bank.
Changes in the money supply are monitored by public and private sector experts because it is believed that such changes affect the prices of securities, inflation, exchange rates, and the business cycle.

In the given situation, Fed can achieve its goals using the given tools:

Change the reserve requirement - The Fed should lower the reserve requirement to 48 ± 1 percent.
Change the discount rate - The Fed should lower the rate by 12.50 ± 0.01 percentage points.
Use open market operations - The Fed should buy $125.00 ± 0.01 worth of bonds.

Therefore, Fed can achieve its goals using the given tools as shown.

Know more about money supply here:

brainly.com/question/3625390

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The complete question is given below:
The Fed wants to increase the money supply (which is currently $5,000) by $250. The money multiplier is 2, and people hold no cash. For each 1 percentage point, the discount rate falls, and banks borrow an additional $10. Explain how the Fed can achieve its goals using the following tools:

a. change the reserve req.

b. change the discount rate.

c. use open market operations.

5 0

2 years ago