Because -
individual perfectly competitive firms cannot influence the market price by changing their output
Answer:
Explanation:
The preparation of the production budget report in units for Pasadena Candle Inc. is shown below:
Projected sales 37,000
Add: Desired January 31 inventory 4,000
Available units 41,000
Less: Estimated January 1 inventory -$1,900
Units produced $39,100
Answer:
The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.
Explanation:
We have:
The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000
The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500
=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.
So, the answer is 2.55 times.
Answer: a. 8,830 products
Explanation:
Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:
= 105,960 / 3
= 35,320 products
Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:
= 35,320 / 4
= 8,830 products