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Verdich [7]
3 years ago
6

Bioclean Co., a merchandiser, sells a biodegradable cleaning product and has predicted the following sales for the first four mo

nths of the current year: Jan. Feb. March April Sales in Units 1,800 2,000 2,200 1,700 Ending inventory for each month should be 30% of the next month's sales, and the December 31 inventory is consistent with that policy. How many units should be purchased in February?
Business
1 answer:
Zanzabum3 years ago
8 0

Answer:

2,060 units

Explanation:

As we know thestock policy of the firm is the ending inventory for each month should be the 30 % of the next month's sales

In the case of february, following this policy:

  • Starting inventory: is the same of ending inventory of the previous month: 0,3*2,000 (February´s sales) units= 600 units.
  • Ending inventory= 0,3*2,200 (March´s sales) units= 660 units

Also, Ending Inventory (EI) is the result of the sum of Starting Inventory (SI) and  February Purchases (P) minus February Sales (S)

  • EI= SI+P-S

We want to know P ( units Purchased), so:

P= EI-SI+S= 660-600+2,000=2060 units

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4. Noah paid all of his bills and put a bit of money in savings for the month. He has a little bit of money left-over to spend o
Semenov [28]

Answer:

Disposable Income

Explanation:

dis·pos·a·ble in·come

/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/

Learn to pronounce

noun

income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.

"the rents of tenants in work reached 21 percent of disposable income"

6 0
3 years ago
Match the legislation with the correct description.
jeka94
Equal pay act is obviously C
3 0
3 years ago
In the product development process, what takes place between concept testing and market testing? securing financial backing cond
Finger [1]
The answer is product development. The formation of products with new or dissimilar features that agreement new or additional welfares to the customer. The product development may include alteration of an current product or its performance or formulation of an completely new product that gratifies a afresh distinct customer want or market place.
5 0
4 years ago
Assume that inflation averages 3.50% over the next 20 years. If Carlos invests $25,000 in an exchange-traded fund within a tax-d
Artemon [7]

Answer: Yes, because the ETF is worth more than his original investment

Explanation:

From the information given in the question, the average inflation for next 20 years = 3.50%

Amount invested by John = $25,000

Then, the amount in 20 years after the adjustment of inflation will be:

= Amount invested (1+inflation rate)^n

= 25000(1+0.035)^20

= 25000(1.035)^20

= 25000 × 1.9898

= $49745

In this case, the answer is Yes due to the fact that the ETF is worth more than his original investment.

8 0
3 years ago
A stock's returns have the following distribution: Demand for the Company's ProductsProbability of This Demand OccurringRate of
Margaret [11]

Answer:

Stock's expected return = 12.90%

Standard Deviation = 29.68%

Coefficient of variation = 2.30

Sharpe ratio = 0.30

Explanation:

Note: See the attached excel file for the calculations of the Stock's expected return and Variance.

Given:

Risk-free rate = 4%.

From the attached excel file, we have:

Stock's expected return = Total of Stock's Expected Return = 0.1290, or 12.90%

Variance = Total of F = 0.0880890, or 8.8089%

Standard Deviation = Variance^0.5 = 0.0880890^0.5 = 0.2968, or 29.68%

Coefficient of variation = Standard Deviation / Stock's expected return = 29.68% / 12.90% = 2.30

Sharpe ratio = (Stock's expected return - Risk-free rate) / Standard Deviation = (12.90% - 4%) / 29.68% = 0.30

Download xlsx
8 0
3 years ago
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