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
noname [10]
4 years ago
5

Sherman has budgeted sales for the upcoming quarter as follows: April May June Units 1,600 1,900 1,750 The desired ending finish

ed goods inventory for each month is one-half of next month's budgeted sales. Three pounds of direct material are required for each unit produced. If direct material costs $5 per pound, and must be paid for in the month of purchase, the budgeted direct materials purchases (in dollars) for April are:
Business
1 answer:
podryga [215]4 years ago
6 0

Answer:

$26,250

Explanation:

Beginning inventory:

= 1/2 × 1,600 × 3 × $5

= 12,000

COGS = 1,600 × 3 × $5

           = $24,000

Ending inventory = 1/2 × 1,900 × 3 × $5

                             = $14,250

Beginning Inventory + purchases - COGS = Ending Inventory

Purchases = Ending Inventory - Beginning Inventory + COGS

                   = $14,250 - 12,000 + $24,000

                   = $26,250

You might be interested in
Innovations in agriculture have increased food supply. this has allowed human populations to grow to approximately ________ by t
Setler79 [48]
The answer to this question is "10, 000 years innovation". Hence, to complete the sentence we have it "Innovations in the field of agriculture have increased and keep increasing the food supply. This situation has allowed the human populations to grow approximately 10,000 years innovations by the end of the agriculture period".
5 0
3 years ago
You are planning to purchase the stock of Ted's Sheds Inc. and you expect it to pay a dividend of $3 in year 1, $4.25 in year 2
Yuri [45]

Answer:

I would pay up to 81.52 dollars for the share that way I will get a 12% return at least

Explanation:

We need to calcualte the present value of the cash flow of each year using the formula for present value of a lump sum:

      Dividends  Present Value

1st year     3.00 2.678571429 *1

2nd year     4.25 3.38807398  *2

3rd year 106.00* 75.44870627 *3

<em>Value of the share  at 12% discount rate 81.51535168</em>

*100 dollars from the sale plus 6 dollars of dividends

\frac{Dividend}{(1 + rate)^{time} } = PV  

*1

Div: 3.00

time: 1

rate: 0.12

\frac{3}{(1 + 0.12)^{1} } = PV  

PV  2.678571429

*2

Dividends 4.25

time  2.00

rate  0.12000

\frac{4.25}{(1 + 0.12)^{2} } = PV  

PV   3.3881

*3

Maturity  106.00

time  3.00

rate  0.12000

\frac{106}{(1 + 0.12)^{3} } = PV  

PV   75.4487

7 0
3 years ago
jphone, inc., has an equity multiplier of 1.41, total asset turnover of 1.7, and a profit margin of 8 percent.
lukranit [14]

ROE = 15.40 is the right answer.

ROE = (profit margin x asset turnover x equity multiplier)

ROE = (7 x 1.63 x 1.35)

ROE = 15.40

<h3>What is Return on Equity?</h3>

The efficiency of a company's management team in managing the capital that shareholders have invested in it can be gauged by investors using the ratio known as return on equity (ROE). In other words, return on equity evaluates how profitable a company is in comparison to the equity held by stockholders. A company's management is more effective at generating revenue and growth from its equity financing the higher the ROE.

Using ROE, one may assess a business's position in relation to the market and its rivals.

The method is especially useful when comparing businesses in the same industry since it can be used to evaluate almost any company with a focus more on tangible than intangible assets and to identify which businesses are more financially efficient.

Shareholder equity divided by net income is referred to as the return on equity (ROE).

Before common-stock dividends are paid, the bottom line profit shown on an organization's income statement is known as net income. An alternative to net income is free cash flow (FCF), which is another measure of profitability.

Thus, ROE is a financial measuring tool for any business.

For more information on ROE, refer to the given link:

brainly.com/question/27821130

#SPJ4

8 0
1 year ago
The allowance for doubtful accounts, which appears as a deduction from accounts receivable on a balance sheet and which is based
Dmitry [639]

The answer is<u> "b.expense recognition principle".</u>


The expense recognition principle expresses that costs ought to be perceived in indistinguishable period from the incomes to which they relate. On the off chance that this were not the situation, costs would probably be perceived as acquired, which may originate before or take after the period in which the related measure of income is perceived.  

The expense recognition principle is a center component of the gathering premise of bookkeeping, which holds that incomes are perceived when earned and costs when devoured. On the off chance that a business were to rather perceive costs when it pays providers, this is known as the money premise of accounting.

7 0
4 years ago
Suppose the rate of return on a 10-year T-bond is currently 5.00% and that on a 10-year Treasury Inflation Protected Security (T
olganol [36]

Answer:

1.90%

Explanation:

For TIPS provide rate of real rate,

Inflation rate=return on T bond-return on TIPS-maturity risk premium and it is equal to

= 5%-2.10%-1%=1.90%.

Therefore the expected rate of inflation over the next 10 years is 1.90%

3 0
3 years ago
Read 2 more answers
Other questions:
  • If Vernon and his parents forget to file the FAFSA, what are the consequences?
    11·1 answer
  • Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts payable is 40 days, and the av
    11·1 answer
  • Not all buyers of an industry's product have equal degrees of bargaining power with sellers, because
    12·2 answers
  • What type of résumé presents the job seeker's characteristics and experience in terms that accommodate the computer search proce
    7·1 answer
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold:
    7·1 answer
  • What might be an example of corporate social responsibility
    11·2 answers
  • Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric
    9·1 answer
  • A purely domestic firm that sources and sells only domestically, Multiple Choice should never hedge since this could actually in
    15·1 answer
  • There are ___ credit reporting companies
    7·1 answer
  • Ursula has excelled as an auditor for a large financial consulting firm she loves building mutually beneficial
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!