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tamaranim1 [39]
3 years ago
14

Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s

ending inventory policy is 30 percent of the following month’s sales. Garfield pays its supplier $40 per unit. Compute Garfield's budgeted purchases for March.
Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

$47,200

Explanation:

For computing the budgeted purchase, first we have to determine the purchase unit which is shown below:

= Sale units + ending inventory units - beginning inventory units

where,

Sale units are 1,300 units

Ending inventory units = 900 units × 30% = 270 units

Beginning inventory units = 1,300 × 30% = 390 units

Now put these units to the above formula  

So, the units would equal to

= 1,300 units + 270 units - 390 units

= 1,180 units

Now the budgeted purchase would be

= 1,180 units × $40

= $47,200

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Steeler Manufacturing uses an unrelated diversification strategy throughout its operations. For instance, Steeler has five core
galina1969 [7]

Answer:

highly-diversified

Explanation:

Based on the scenario being described within the question it can be said that Steeler Manufacturing would be considered a highly-diversified firm. This term refers to a business/organization that has a wide varied array of operations, all of which are completely unrelated to one another. Which is exactly what Steeler Manufacturing has with it's five subsidiaries. All of which are successful.

5 0
3 years ago
True or false: The many legal barriers in place around the world makes it difficult to buy securities from foreign companies.
Margarita [4]

Answer:

false

Explanation:

thanks to expanded communications and the relaxation of many legal barriers, investors can buy securities from companies anywhere in the world.

6 0
2 years ago
Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

Total revenue= $85M

Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

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3 years ago
Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year. In Janua
Rina8888 [55]

Answer:

$60,000

Explanation:

Since Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year, and in January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.

Bailey should report the insurance transaction in the current year's financial statements of an amortization of the insurance expense over the four year period, and take account the portion that pertains to the current year.

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3 years ago
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Answer:

555

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