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stiks02 [169]
3 years ago
6

Cowles Corporation, Inc. makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of P

roduct R. Budgeted production of Product R for the next five months is as follows:
August 13,000 units
September 13,500 units
October 14,500 units
November 13,600 units
December 12,900 units
The company wants to maintain monthly ending inventories of Material K equal to 30% of the following month's production needs. On July 31, this requirement was not met because only 3,500 yards of Material K were on hand. The cost of Material K is $0.80 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year.
Required:
1. The total needs (i.e., production requirements plus desired ending inventory) of Material K for November are _______:
O 40,800
O 44,940
O 37,380
O 52,410
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

The total needs of material K in November = 52,410

Explanation:

opening ( 13600 * 3 )= 40,800 *30%                                     12,240

Purchases                                                                               40,170

total Available material                                                         52,410

used for production(13,600*3)                                               40,800

Closing  inventory ( 12,900 *3 ) = 38,700*30%                     11,610

The opening inventory for November is October's closing inventory  

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The larger a given sector's contribution to a country's GDP is, the larger the impact of a shock to that sector on GDP is.
Nikitich [7]

Answer: True

Explanation:

When a sector contributes a significant amount to GDP suffers a shock, the GDP of the nation will be shocked as well. Proportionally it goes that the greater the shock to the sector, the greater the shock to the GDP.

For instance, Agriculture contributes a significant amount to GDP. If a drought were to hit that reduced harvests by 50%, the GDP will suffer a huge shock as well because the contribution from Agriculture will be significantly less.

6 0
3 years ago
_____ are the taken-for-granted beliefs and philosophies that are so ingrained that employees simply act on them rather than que
Serggg [28]

Answer:

5. Basic underlying assumptions

Explanation:

Basic underlying assumptions represent the core and essence of culture which are too difficult to observe because they exist in unconscious levels and least observable part of a culture. They can be taken lightly but they have a great influence and form the key to understanding why things are they way they are.

8 0
3 years ago
Sheridan Company signed a long-term non cancellable purchase commitment with a major supplier to purchase raw materials in 2021
stepan [7]

Answer:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

Explanation:

Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr

Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr

6 0
2 years ago
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His
Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis -  Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0
3 years ago
Two incinerators are being considered by a waste management company. Design A has an initial cost of $2,500,000, has annual oper
Vika [28.1K]

Answer:

<u>Desing A:   </u>23,024,370‬

<u>Desing B:   </u>22,520,274.6

It should purchase desing B as the capitalized cost is lower.

Explanation:

We consider annuity for the overhauls and then, perpetuity to consider this incinerators will last indefinitely.

maintenance cost: 800,000 / 0.05 = 16,000,000

<u>Overhaul: </u>

The company will need to fund 1,250,000 every 5 years. We need to determinate the annuity to obtain this future value:

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

PV 1,250,000

time 5

rate 0.05

1250000 \div \frac{(1+0.05)^{5} -1}{0.05} = C\\

C  $  $ 226,218.498

<u>Then at perpetuity:</u>

$ 226,218.498  / 0.05 = 4,524,370

<u>Desing A capitalized cost:</u>

2,500,000 + 16,000,000 + 4,524,370 = 23,024,370‬

We do the same for Desing B:

investment: 5,750,000

maintenance: 600,000 / 0.05 = 12,000,000

overhaul:

3000000 \div \frac{1-(1+0.05)^{-10} }{0.05} = C\\

C  $ 238,513.725

238,513.73/0.05 =  4,770,274.6

Capitalized cost: 5,750,000 + 12,000,000 + 4,770,274.6 = 22,520,274.6‬

8 0
3 years ago
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