1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin [286]
3 years ago
5

Ruiz co. provides the following sales forecast for the next four mounths. The company wants to end each month with ending finish

ed goods inventory equal to 40% of next months forecasted sales. Finished goods inventory on april 1 is 224 units. Prepare a production budget for the months of april may june
Business
1 answer:
photoshop1234 [79]3 years ago
3 0

Answer:

Some information is missing, estimated sales:

  • April = 660
  • May = 740
  • June = 690
  • July = 780

                                  Ruiz Co.

                          Production Budget

            For the Months of April, May and June

                                                       April            May           June

Forecasted sales                            660            740            690

<u>Planned ending inventory              296            276             312  </u>

Total production required              956          1,016          1,002

<u>- Beginning inventory                    -224          -296            -276  </u>

Units to be produced                     732            720            726

You might be interested in
which of the following is not an economic goal of leaders of most nations? a. efficiency b. price stability c. growth d. full em
Darina [25.2K]

One thing that is not the economic goal of most nations is e. excess goods and services.

<h3>What economic goals do most countries want?</h3>

Most countries want to be able to provide their people with an adequate living standard.

For this to happen, the economy needs to be growing and have price stability as well as full employment. There is no need for excess goods and services because this represents a waste of resources.

Find out more on economic goals at brainly.com/question/3140788.

#SPJ11

4 0
2 years ago
During Year 1, Fox Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs relat
Olin [163]

Answer:

D) $14,250

Explanation:

In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:

  • total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
  • estimated warranty expenses = 2% + 4% = 6%
  • incurred warranty expenses = $2,250 + $7,500 = $9,750

warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250

6 0
3 years ago
which of the following should be avoided when solving a problem? A) Assessing B)Compromising C) Procrastinating D) Projecting
nexus9112 [7]
Procrastinating and that’s the answer
7 0
3 years ago
A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turno
Lunna [17]

Answer:

d) $60,000 is released into working capital

Explanation:

Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.

the formula for inventory turnover ratio

=Cost of goods sold/ average inventory

If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be

=$800,000 /5

=$160,000

If the firm improves its  turnover to 8, then the average inventory will be

=$800,000/8

=$100,000

The firm average inventory will  $100,000 as opposed to $160,000 previously.

$60,000  will be released to working capital.

3 0
3 years ago
Once the root causes of performance gaps have been discovered, it is necessary to: ____________
AleksandrR [38]

Answer:

A

Explanation:

8 0
3 years ago
Other questions:
  • Which is an example of a sport that has low equipment costs?
    14·2 answers
  • When an economist says that the demand for a product has increased, this means that
    13·1 answer
  • Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Be
    10·2 answers
  • Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.
    14·1 answer
  • Trade between countries leads to A. reduced specialization. B. high unemployment in both countries. C. higher product prices. D.
    12·2 answers
  • A group of ten UIC professors each contributed an equal amount to the purchase of a State of Illinois Lottery ticket. Two of the
    13·1 answer
  • If the nominal annual interest rate is 12% compounded quarterly, what is the effective annual interest rate?
    10·1 answer
  • When a manufacturer seeks a market for by-products and accepts a price that covers more than the cost of storing and delivering
    12·1 answer
  • Marketers provide value to the consumer and other stakeholders by doing all of these with their offerings except which?
    11·1 answer
  • According to the CME Group, the market price of the E-mini futures is $2,939.25. Each futures contract delivers 50 times the ind
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!