Answer:
1. Manufacturing cost per visor us $16.50
2.budgeted cost of goods for may and June is $9594. & $6724 respectively
Explanation:
See attached files
First find 1/8. 48/8 is 6. Then multiply by 3 since there are 3/8. 3x6 is 18. 18 cards.
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Procter & Gamble is a multinational corporation that manufactures and markets many household products is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.
Ans.1a Account receivables turnover ratio = Net credit sales / Average trade receivables
74756 / 6447
11.60 times
*Net credit sales = Total sales * 90%
83062 * 90%
74756
*Average receivables = (Beginning receivables + Ending receivables / 2
(6508 + 6386) / 2
6447
Ans.1b Inventory turnover ratio = Cost of goods sold / Average inventory
42362 / 6834
6.20 times
Cost of goods sold = Total sales - Gross profit
83062 - (83062 * 49%)
42362
*Average inventory = (Beginning inventory + Ending inventory) / 2
(6909 + 6759) / 2
6834
Ans.2a Days' sales in accounts receivables = No. of days in year / Receivables turnover ratio
365 / 11.60
31.47 days
Ans.2b Days' sales in inventory = No. of days in year / Inventory turnover ratio
365 / 6.20
58.87 days
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Open market operations, U.S. governmental securities.
Open market operations is a tool of monetary policy in which the Federal Reserve buys and sells U.S. governmental securities. This process allows the Federal Reserve to control how much currency (USD) is circulating in the US economy, which impacts the supply and therefore demand for USD and the corresponding value of such USD.