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
Lesechka [4]
3 years ago
8

Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for Feb

ruary is projected at $45,000. Ending inventory at the end of January was $12,000. Based on this information, purchases for February would be:
Business
1 answer:
Law Incorporation [45]3 years ago
5 0

Answer:

Purchases for February would be: $46,500

Explanation:

Prepare a Purchases Budget to find the Purchases for February.

<u>Purchases Budget for February</u>

Budgeted Cost of Sales                                                    $45,000

Add Budgeted Closing Inventory ($45,000 × 30%)         $13,500

                                                                                           $58,500

Less Budgeted Opening Inventory                                 ($12,000)

Budgeted Purchases                                                         $46,500

You might be interested in
Piedmont Company segments its business into two regions-North and South. The company prepared the contribution format segmented
Oduvanchick [21]

Answer:

The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

Explanation:

1. for the company:

cont margin ration = contribution/sale

                               = 240000/750000

                               = 0.32

fixed cost = 182000

dollar sales break even = fixed cost/cont margin ratio

                                       = 182000/0.32

                                       = $568750

2.  for the north region:

cont margin ration = contribution/sale

                               = 120000/600000

                               = 0.20

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.20

                                       = $320000

3. for the south region:

cont margin ration = contribution/sale

                               = 120000/150000

                               = 0.80

fixed cost = 64000

dollar sales break even = fixed cost/cont margin ratio

                                       = 64000/0.80

                                       = $80000

Therefore, The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.

3 0
3 years ago
Consider the supply curve for basketballs. Other things held constant, if the price of basketballs goes up from $7. 99 to $14. 9
Tanzania [10]

There will be an increase in quantity supplied. (The Law of Supply)

  • A key tenet of economic theory is the rule of supply, which asserts that a rise in price will result in an increase in the quantity provided, all other things being equal. In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way.'
<h3><u>What is a case of the law of supply?</u></h3>
  • For instance, if Apple produces 100 iPhones, then this is the quantity that is sold. The link between pricing and supply is referred to as the "law of supply." Supply also rises in tandem with price growth. In the event that prices decline, so will supply.

To Learn more about Law of Supply, Click the links.

brainly.com/question/17805586

brainly.com/question/17805586

#SPJ4

8 0
2 years ago
In early America, a traditional market structure existed when A) merchants purchased goods from England. B) farmers sold produce
defon

In early America, a traditional market structure existed when people bartered goods they produced for goods they needed.

Explanation:

Bartering is the mechanism between two entities without the use of cash in the exchange of trading products or services. When people trade, they are all benefited by receiving goods or services that they need or want.

Bartering does have a benefit as there is something that even people with no money could get for them. Bartering may include exchanging an object for a service.

For eg, in return for a tin of apples from either a tree in their yards you might agree to work for somebody. If you choose to trade for a need, you can save cash for other requirements.

7 0
3 years ago
Read 2 more answers
Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incur
Nana76 [90]

Answer:

Applied Manufacturing Overheads are $102,000

Overapplied Manufacturing overheads are $18,000

Explanation:

Under or over applied manufacturing overhead can be determined by comparing the actual and applied manufacturing overheads.

Applied overheads can be calculated by multiplying pre-determined overhead rate and actual level of quantity. Predetermined overhead rate is calculated using estimated overhead and estimated activity on which overheads are applied.

In this question the predetermined overhead rate is 120% of direct labor cost.

Applied overhead = Direct labor cost x 120% = $85,000 x 120% = $102,000

Actual overheads incurred = $84,000

Overapplied Manufacturing overheads = $102,000 - $84,000 = $18,000

3 0
3 years ago
Obenve one urgent social problem in your Community &amp; conceptualise cocial Enterprise that can can solve the problem and make
atroni [7]

Correct question is-

Observe one urgent social problem in your Community & conceptualize social Enterprise that can can solve the problem and make at the same time.​

<u> What Is a Social Problem?</u>

A social problem is any condition or conduct that has negative consequences for large numbers of human beings and that is generally recognized as a condition or behavior that wishes to be addressed. This definition has both an objective component and a subjective thing.

<u>A current example is climate change: </u>

Although the overwhelming majority of climate scientists say that weather change (adjustments within the earth’s weather because of the accumulation of greenhouse gases inside the ecosystem) is actual and extreme, fewer than two-thirds of American citizens (64 percent) in a 2011 poll said they “think that global warming is occurring”

<u>Remedy of social problem-</u>

  • Reduce, Reuse, Recycle.
  • Reduce Waste.
  • Upcycle your Furniture.
  • Recycle your Clothes.
  • Bring your own Shopping Bags
  • Replace Regular Incandescent Light Bulb.
  • Buy Energy-Efficient Appliances.
  • Turn Off the Lights.

Learn more about social problem brainly.com/question/18501838

#SPJ9

8 0
1 year ago
Other questions:
  • What are some specific liquids that have less than 80 percent water?
    10·1 answer
  • Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15). If she does
    13·1 answer
  • A store that advertises a buy one get one free sale is
    12·2 answers
  • A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?
    13·1 answer
  • Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explan
    14·1 answer
  • True Moto Corp. (TMC) is a leading automobile company. The company has been able to sustain its competitive advantage primarily
    14·1 answer
  • Merv's Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35. The Home Shoppe, a larg
    12·1 answer
  • Rolling Hills Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's
    13·1 answer
  • Si se tiene un activo de Q50,000.00 menos un patrimonio de
    13·1 answer
  • You have decided that you want to be a millionaire when you retire in 45 years. a. If you can earn an annual return of 11.4 perc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!