Answer:
$207000 is the sales revenue for the year.
Explanation:
The given situation is:
Sales Revenue 100%
Cost Of Goods sold <u> 60% </u>
Profit Margin 40%
Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:
Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory
By putting values we have:
Cost Of Goods Sold = $54,000 + $109,800 - $39,600
Cost Of Goods Sold = $124,200
Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).
Sales revenue = Cost of goods sold * 100% / 60%
Sales revenue = $124200 * 100% / 60% = $207,000
Answer:
Venture Capital
Venture capital is the type of partnership in which two or more than two firm or people invest in a project or assets that has higher tendency of returns payback.
Total units to be produced = 785000
<u>Explanation:</u>
<u>production budget report in units for Pasadena Candle Inc is as follows:</u>
using the data as per given in the question:
Expected units to be sold 800000
Desired ending inventory, Dec 31 20000
Total units available 820000
Estimated beginning inventory, Jan 1 -35000
Total units to be produced 785000
Note: Desired ending inventory is the sum total of expected units that hev been sold and desired ending inventory at the year end.
Note: The begining inventory is to be deducted from the total units available.