Answer:Accounting profit equals total revenue minus accounting costs
Explanation: Accounting profits are actual profits a company makes during a particular accounting year and it can be calculated using the company's total revenue (sales) minus the company's costs ( costs of sales (purchases) plus operating costs) for that particular period under review.
Answer:
The purchases of raw material for February are budgeted to be 20275 pounds.
Explanation:
The opening inventory of raw material in February should be equal to 25% of the production requirement for the month of February. Thus, the opening balance of raw material is,
Opening balance- Raw material = 0.25 * 20600 = 5150 pounds
Similarly, the closing inventory for raw material for the month of February should be equal to the 25% of production requirement for the month of March. Thus, the closing inventory of raw material in the month of February is,
Closing balance = 0.25 * 19300 = 4825 pounds
Purchases of raw material should be enough to produce enough units to meet February's production requirement after using the opening inventory of raw material along with having enough desired closing inventory of raw material. So, the purchases of raw material are,
Purchases = Closing inventory + Production - Opening Inventory
Purchases = 4825 + 20600 - 5150
Purchases = 20275 pounds
Answer:
The days' sales in receivables are B.148.37 days
Explanation:
The days' sales in receivables is calculated by using following formula:
The number of days' sales in receivables = 365/Accounts receivable turnover
In there:
Accounts receivable turnover = Net Credit Sales /Average Accounts Receivable
E-Shop, Inc. has net sales on account of $1,500,000 and average net accounts receivable of $610,000.
Accounts receivable turnover = $1,500,000/$610,000 = 2.46 times
The number of days' sales in receivables = 365/2.46 = 148.37 days
He needs to add %4 more apple juice because %12 - %8 = %4
Answer: 13.53%
Explanation:
The expected return on the portfolio will be calculated by multiplying the investment in each stock by the expected return of the stocks. This will be:
= (31% × 11%) + (46% × 14%) + (23% ×16%)
= 3.41% + 6.44% + 3.68%
= 13.53%
