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SOVA2 [1]
3 years ago
5

The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow

ing May to December, inclusive, it sold x/2 brooms. At the beginning of production on January 1st, the ACME company had no brooms in its inventory. If storage costs were $1 per month per broom, approximately how much, in terms of x, did the ACME company pay for storage from May 2nd to December 31st, inclusive?
Business
1 answer:
Papessa [141]3 years ago
4 0

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

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At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Commo
KIM [24]

Answer:

Explanation:

1. Journal entries for the month of April 2017

Apr.5

Dr Inventory 1300

Cr Accounts Payable  1300

(Purchase of goods on account from Hogan)  

Apr.5

Dr Inventory 50  

Cr Cash  50

(Freight charges on purchases)  

Apr.9

Dr Accounts Payable 100  

Cr Inventory  100

(Credit received for returned goods from Hogan)  

Apr.10

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.12

Dr Inventory 750  

Cr Accounts Payable  750

(Purchase of goods on account from Duffer)  

Apr.14

Dr Accounts Payable 1200  

Cr Cash  1176

Cr Inventory  24

(Payment made to Hogan in full)  

Apr.17

Dr Accounts Payable 50  

Cr Inventory  50

(Credit received for returned goods from Duffer)  

Apr.20

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.21

Dr Accounts Payable 700  

Cr Cash  693

Cr Inventory  7

(Payment made to Duffer in full)  

Apr.27

Dr Sales 30  

Cr Accounts Receivable  30

(Credit granted to customers for flaws in goods)  

Apr.30

Dr Cash 850  

Cr Accounts Receivable  850

(Payment received from custmers on account)

2. T accounts calculation is attached with this answer

3. KOKOTT PRO SHOP

Trial balance as at April 30, 2017

Account                      Debit            Credit

Cash                      2731  

Accounts Receivable  6219  

Inventory               880  

Common Stock                       8100

Sales                                       1730

T o t a l                       9830              9830

4. KOKOTT PRO SHOP

Income statement for the month ending April 30, 2017

Sales Revenue 1730

Cost of goods sold (6,219 - 5,469) 750

Gross profit 980

Download xlsx
3 0
3 years ago
Bob has a face-to-face interview tomorrow morning. he has done his research and knows a lot about the prospective employer. he w
Genrish500 [490]

Dressing to impress for interviews would typically involve wearing professional dress in order to look smart and presentable.

<h2>Bob has to follow some of the listed tips (not exhaustive) in addition to the due diligence he has done about his employer. </h2>

Some of the options he has would include:

  • A suit, jacket and tie
  • A semi-formal trousers and a shirt
  • Sweater and necktie.

Dressing properly for interviews would put Bob in a better light as it shows he is serious about the job. It also shows he is interested in the position, and finally demonstrates an understanding of the company's corporate culture.

Learn more about #interviews and #dress codes here: brainly.com/question/15128068?referrer=searchResults

4 0
2 years ago
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variabl
o-na [289]

Answer:

Cost Advantage of different locations:

b. $20,000

Phoenix certainly had a cost advantage over Atlanta and based on this factor, it should be chosen for the new plant instead of any other city.

Explanation:

a) Total Costs of different locations:

                        Atlanta       Phoenix

Fixed Cost      $80,000     $140,000

Variable cost  400,000      320,000

Total Costs  $480,000    $460,000

b) Variable costs

                                   Atlanta       Phoenix

Annual Demand        20,000        20,000

Variable cost/unit        $20              $16

Total variable cost  $400,000  $320,000

c) Cost Advantage is the competitive edge which location (or company) can have over another through reduced production or marketing costs or both so that it can offer cheaper prices or use excess profits to bolster promotion or distribution.   In this case, the comparison is on the total cost, which is made of variable and fixed costs.

4 0
3 years ago
The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital wh
Maru [420]

Answer:

Prospecting

Explanation:

Prospecting is the initial phase in the business procedure, which comprises of distinguishing potential clients, otherwise known as possibilities. The objective of prospecting is to build up a database of likely clients and  deliberately speak with them with expectations of changing over them from potential client to current client. Prospecting, done right, not just makes a pipeline of potential clients, it positions you as a confided in guide.

8 0
4 years ago
Freight car loadings over an 18-week period at a busy port are as follows: A- Determine a linear trend line for expected freight
padilas [110]
The linear equation that best fits the given data is
y = 19.19x + 213.53
after data processing

In week 20 and 21, the expected loading is
y = 19.19 (20) + 213.53 = 597.33
y = 19.19 (21) + 213. 53 = 616.52

The week when the load is 776 is
776 = 19.19x + 213.53
x = 29.3 ~ 30 weeks
8 0
3 years ago
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