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lisabon 2012 [21]
3 years ago
8

If the expected sales volume for the current period is 9,000 units, the estimated the beginning inventory is 200 units and the d

esired ending inventory is 300 units, calculate the production budget for the current period.Group of answer choices9,0008,9008,7009,100
Business
1 answer:
fomenos3 years ago
5 0

Answer:

Production= 9,100 units

Explanation:

Giving the following information:

Sales= 9,000 units

Beginning inventory= 200 units

Desired ending inventory= 300 units

<u>To calculate the budgeted production for the period, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production= 9,000 + 300 - 200

Production= 9,100 units

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Eastman Kodak reported that the cost of its PPE on December 31, 2010 was $6,805 million. On January 1, 2010, it had been $7,327
shtirl [24]

Answer:

Kodak sold its PPE for $108 million

Explanation:

The question here has missing sales figure for a PPE item for which the gain on sale is $14 million (given) .Sale price of PPE item are obtained from a PPE Disposal account.We need to first find the other missing figures of 1. Cost of the Sold PPE and 2. The Accumulated Depreciation of the Sold PPE item. After that we complete our PPE disposal account to find the missing figure of the Sale Price of PPE.

1. Cost of Sold PPE

Open a PPE at Cost Account:  Opening Balance $ 7327 million (Debit), Addition of PPE $ 254 million (Debit),Closing Balance $6805 million(Credit).The Balancing figure of this account $ 776 million (credit) {7327+254-6805} is the cost of the PPE item sold.

2. Accumulated Depreciation of the Sold PPE Item

Open a PPE Accumulated Depreciation Account : Opening Balance $ 5516 million (Credit), Depreciation Expense $ 420 million (Credit), Closing Balance $ 5254 million (Debit). The Balancing figure of this account $682 million (Debit) is the Accumulated Depreciation of the PPE item disposed or sold.

3. Disposal Account and Calculation of the Sale Price (Balancing figure)

Open a PPE Disposal Account : Cost of PPE $ 776 million (Debit), Gain on Sale of PPE $ 14 million (Debit), Accumulated Depreciation of the PPE Sold $ 682 million (Credit). The Balancing figure of this account $ 108 million (Credit) {776+14-108} is the Sale Price of PPE item.

Thus Sale price of the PPE is $ 108 million.

7 0
3 years ago
An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The asset has an acquisition cost of $9,100,
sveticcg [70]

Answer:

$2,343,120

Explanation:

The computation of the after tax salvage value of the asset is shown below:

Written down cost of asset after 4 years = Acquisition cost of an asset - 4 years  depreciation

= $9,100,000 × (100 - 20 - 32 -19.20 - 11.52)%

= $1,572,480

Refer to the MACRS table

Now

Selling price = $2,600,000

Gain on Sale is

= $2,600,000 - 1,572,480

= $1,027,520

So,

Tax on Gain is

= $1,027,520 × 25%

= $256,880

So,

After tax salvage value = Sales Price - gain on tax

= $2,600,000 - $256,880

= $2,343,120

8 0
3 years ago
Managers take broad strategic plans and turn them into operational blueprints with specific objectives and programs. The manager
Levart [38]

Answer:

c. middle managers

Explanation:

Middle managers -

The person in the business or organisation , who is responsible to manage the subordinate level of managers and then further reports to the manager in the organization or business , is referred to as the middle manager.

The work of a middle manager is supervise the employees , and allot them the work in and then report to the senior manager , in order to maintain a proper hierarchy in the business.

hence , from the given information of the question,

The correct term is middle manager.

7 0
3 years ago
On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years a
Tamiku [17]

Answer:

Annual depreciation= $14,355

Explanation:

Giving the following information:

Original cost= $65,800

Number of units= 200

Salvage value= $2,000

During the first year, the band performs 45 concerts.

To calculate the annual depreciation under the units-of- production method, we need to use the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units operated

Annual depreciation= [(65,800 - 2,000)/200]*45

Annual depreciation= $14,355

6 0
3 years ago
Every year, Shawna Stuart, the Director of Sustainability at Academic University, sees students throwing away perfectly good fur
lawyer [7]

Answer:

1. The question that you should ask during the development of strategic goals for the organization is:

a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?

2. The time-frame that the group should consider for this plan is:

b. Long-term (Five years or more)

Explanation:

A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals.  These are backed up with the action plans for attaining the long-term goals.  A strategic plan should involve the whole of the organization and remain futuristic.  It does not concentrate on short-term objectives.  Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.

8 0
3 years ago
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