Lexi Company forecasts unit sales of 1,640,000 in April, 1,250,000 in May, 810,000 in June, and 1,650,000 in July. Beginning inv
mario62 [17]
Answer:
Explanation:
From the information given in the question:
The main objective is to Prepare a merchandise purchases budget for the months of April, May, and June
Merchandise Purchases Budget
April May June
Next months' budgeted 1250000 810000 1650000
Sales
Ratio of inventory 30% 30% 30%
Desired ending inventory 375000 243000 495000
Sales unit 1640000 1250000 810000
Required units of
available inventory 2015000 1493000 1305000
Less:Beginning Inventory -250000 - 375000 - 243000
Units to be purchased 1765000 1118000 1062000
N:B
Desired ending inventory = Next months' budgeted sales × Ratio of inventory
Required units of available inventory = Desired ending inventory + Sales unit
In probabilistic sense random error are independent. Also, assumptions
for random error, epsilon are mean equal to 0, variance equal to sigma squared
and normal distribution. General form of probabilistic is
y=deterministic+random error where y is the variable of interest. We always
assume that the mean value of the random error equals 0. E(y) =mean of y, E(y)
=deterministic component.
Answer:
government revenue $148,071,428,860
Explanation:
Theincremental price is 0.75/3.50 = 0,2142857
from that we get that Quantity demanded will be of
150 billion x (1 + 0.2142857 x -0.06) = 148.0714286
Now that we got the quantity of gallon sold we multiply by the tax of $1 per gallon thus, 148,071,428,860 will be the revenue for the government
Answer:
B) Favourable Variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.
Explanation:
Variances refer to the difference between actual and standard or budgeted costs. Standard cost is also referred to as budgeted cost. Budgeted costinh can be used by a food nutritionist to determine the food quantity he can cook as well as the ingredient amount which consists of the budgeted costs and the actual cost of preparing the food. Budgeted costchas a major advantage which is its ability to determine the pricing policy even before the product or service is delivered. When favourable or unfavourable variances are mentioned, it refers to the greater of budgeted or actual price or quantity. Favourable goes with a greater actual price or quantity while unfavorable or adverse goes with a greater standard price or quantity.
Answer:
The correct answer is (B) False. It is called Knowledge management.
Explanation:
Knowledge implies recognizing all the structures and divisions of the organization, in order to seek improvement over time. In this sense, in their normal course, companies have a series of their own dynamics that are produced thanks to the interaction of their departments, which are improved, used and transferred in a way that allows the proper functioning of the organization as a whole.
