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klemol [59]
4 years ago
13

Patrick Inc. sells industrial solvents in 5-gallon drums. Patrick expects the following units to be sold in the first three mont

hs of the coming year: January 41,000 February 38,000 March 50,000 The average price for a drum is $35. Required: Prepare a sales budget for the first 3 months of the coming year, showing units and sales revenue by month and in total for the quarter. Do not include a multiplication symbol as part of your answer.
Business
1 answer:
rewona [7]4 years ago
6 0

Answer:

The sales budget is prepared below. See table below.

Explanation:

<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>

Sales budget

Month        Units                 Revenue($)

January      41,000                1,435,000

February      38,000             1,330,000

March          50,000              1<u>,750,000</u>

                                               <u>4,515,000</u>

Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35

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8 0
2 years ago
As a Christmas thank you for being a good employee, Ed's TV Repair gave 62-year-old Edwina three shares of its stock worth $20 p
solong [7]

Answer:

d. $63

Explanation:

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A = 3*(\$20+\$1)\\A=\$63

Edwina should include $63 in her gross income.

5 0
4 years ago
A goal of monetary policy and fiscal policy is to
ioda

Answer:

B. Offset shifts in aggregate demand and thereby stabilize the economy.

Explanation:

Firstly about Fiscal Policy:

-Monitoring and influence of government to national economy by adjusting its spending levels and tax rates

-Based on the Keynesian economics which opines that the increasing or decreasing taxes or the same about public spending will impact significantly on the economy of the country.

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-Monetary policy is the management of money supply or the interest rates

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The mutual goals of these policies aim to establish and construct the perfect economic environment with the stable and positive growth of economy and, stable and low inflation rates. Moreover, the aim is the elimination of booms or fluctuations on the economy and to keep it stable as possible as.

8 0
3 years ago
Ariel is saving money to purchase a new computer before she leaves for college in two She wants to open a special account at a d
dmitriy555 [2]

Answer:

Shop for an account that earns high interest

Explanation:

Ariel should shop for an account that earns the highest interest rates in the market. With an account that earns high interest, Ariel does not need to save the entire amount required to purchase the computer. She will save a big percentage while the interest earned will add to the rest of the amount.

An account that compounds interest would be ideal for her.  Compounding interest means that interest earned in the year is added to the principal amount. The principal amount increases, so does interest in the preceding seasons.

4 0
3 years ago
Krit Corp. is a US manufacturing company based in the Midwest. As an investor, Wilson bought 200 shares of stock in Krit Corp. T
Westkost [7]

Answer:

total wealth in Krit Corp is $5000

Explanation:

given data

stock  = 200 shares

treading = $25 per share

to find out

total wealth in Krit Corp

solution

we know here investor bought 200 share at $25 per share current treading

so here

total wealth in Krit Corp wuill be = stock × treading ...............1

put here all these value we get in equation 1

total wealth in Krit Corp = stock × treading

total wealth in Krit Corp = 200 × 25

total wealth in Krit Corp = $5000

so total wealth in Krit Corp is $5000

3 0
3 years ago
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