Exercise 23-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follo
1 answer:
Answer:
Explanation:
ending inventory
Q1 = q2 sales x 40% = 7,100 x 40% = 2,840
Q2 = q3 sales x 40% = 8,100 x 40% = 3,240
Q3 = q4 sales x 40% = 10,100 x 40% = 4,040
Q4 = q1 next year x 40%
next year will be 25% than q1 of current year
Q4 = Q1 sales x 1.25 x 40% = 2,550
beginning of Q1 is a given 2,040. Then:
ending of Q1 = beginning of Q2 (when a quarter ends, another begins)
ending of Q2 = beginning of Q3
ending of Q3 = beginning of Q4
The sales plus the desired ending inventory will be all the units needed for the period.
Our beginning inventory subtract out productions needs, as those units are already in stock, we don't need to produce them.
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Answer:
The question is missing the options which can be found in the attached.
The correct option is banker's acceptance
Explanation:
Banker's acceptance is a guarantee by a bank to the exporting party to pay a sum of money at specific date.
In international business, exporters would require additional security against their receivable usually request for a banker's acceptance also known as bill of exchange.
The bank pays the exporter a discounted amount as agreed then chase the importer for the full value of the transaction.The difference between the discounted amount paid by the bank and the full value recoverable from the importer is the bank's margin.
