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Gala2k [10]
3 years ago
6

Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 40,0

00 52,000 ? Production in units 41,200 52,300 56,650 The company has 4,000 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 71,500 units. Budgeted sales for September would be (in units):
Business
1 answer:
jarptica [38.1K]3 years ago
8 0

Answer:

Sales for September= 55,000 units

Explanation:

Giving the following information:

July August September Sales in units 40,000 52,000 ?

Production in units:

July= 41,200

August= 52,300

September= 56,650.

10% of the next month's sales in units should be on hand at the end of each month.

Production August:

Sales August= 52,000

Ending inventory= ?

Beginning inventory= (52,000*0.10)= 5,200 (-)

Total= 52,300

Ending inventory= 52,300 - 52,000 + 5,200

Ending inventory= 5,500 units

Sales for September= 5,500/0.10= 55,000 units

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47,000

Explanation:

Impairment Loss = Book Value − Fair Value

$180,500 − $133,500 = $47,000

6 0
3 years ago
When your local Internet service provider increased its monthly charge from $40 to $50, the number of subscribers fell from 2,00
love history [14]

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Explanation:

Based on the information given, we would calculate the elasticity of demand which would be:

= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)

Change in Quantity = 1800 - 2000 = -200

Change in Price = 50 - 40 = 10

Initial Price = 40

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Elasticity of demand would then be:

= (-200/10)(40/2000)

= (-20)(0.02)

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Since elasticity of demand is less than 1, it is an inelastic demand.

7 0
3 years ago
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
ivann1987 [24]

Answer:

Explanation:

The journal entry is shown below:

On September 30

Bonds payable A/c Dr $1,000,000

Loss on bond retirement A/c Dr $20,000

          To Discount on Bond A/c  $10,000

          To Cash A/c $1,010,000

(Being the callable bond is recorded)

The computation is shown below:

For cash

= Par value of bond + Premium

= $1,000,000 + $10,000

= $1,010,000

For Loss, it would be

= $1,010,000 - $990,000

= $20,000

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7 0
3 years ago
Exercise 183 Wayne Company reported net income of $265,000 for 2020. Wayne also reported depreciation expense of $45,000 and a l
Cerrena [4.2K]

Answer:

Net cash flow of the operating activities is $356,000

Explanation:

                               Wayne Company

                   Partial statement of Cash flow

          For the year Ended December 31, 2021

Cash flow from operating activities:

Net Income                                                         $265,000

<em />

<em>Adjustment to reconcile net income to net  </em>

<em>cash provided by operating activities</em>

Depreciation expenses                    $45,000

Loss on sale of equipment               $8,000

Decrease in accounts receivable     $15,000

Decrease in prepaid expenses         $6,000

Increase in accounts payable            <u>$17,000</u>    <u>$91,000</u>

Net cash provided by operating activities       <u>$356,000</u>

7 0
3 years ago
What function of the management process is used to monitor and ensure the organization is meeting its​ goals? A. Controlling B.
Andrews [41]

Answer: Controlling

Explanation:

Controlling is a management process which involves comparing the outcome of an organization's processes to the targets set for those processes beforehand, and taking corrective measures in case the outcome is deviating from the set targets. For example, a manager of a business running at a loss, can identify the cause of the loss and find ways of correcting the negative outcome.

5 0
3 years ago
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