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Katyanochek1 [597]
3 years ago
9

Jolly Company wants to have​ 10% of the next​ quarter's sales in units on hand at the end of each quarter. Inventory at the begi

nning of the year was​ 3,800 hula hoops. How many hula hoops should Jolly Company produce during the first​ quarter?
Business
1 answer:
Crazy boy [7]3 years ago
4 0

Answer:

A. 29,100 units

Explanation:

The computation of the number of hula hoops produced during the first year is shown below:

Production = Budgeted sales + budgeted desired inventory - budgeted beginning inventory  

where,

Budgeted sales = 23,900

Budgeted desired inventory = 90,000 × 10% = 9,000

And, budgeted beginning inventory = 3,800

So the number of hula hoops is

= 23,900 units + 9,000 units - 3,800 units

= 29,100 units

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6 0
3 years ago
in the month of march, chester received orders of 179 units at a price of $15.00 for their product clack, and in april receives
ollegr [7]

Answer:

$0

Explanation:

The computation of the revenue recognized is shown below:

= Price per unit × number of units delivered in march month

= $15 × 0 units

= $0

Since 0 units delivered in the march month and if we multiplied the price per unit with the march units i.e. 0 so the answer should be zero only

3 0
2 years ago
2. Explain the role of required & excess reserves in the banks approach to the making of loans to the consumer & busines
pav-90 [236]

Answer:

Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply.

Explanation:

6 0
3 years ago
Company A produces and sells 10,000 units of its product for $10 per unit. Variable costs are $4 per unit and fixed costs total
Anastaziya [24]

Answer:

Effect on income= $2,000 decrease

Explanation:

Giving the following information:

Selling price= $10 per unit.

Variable costs are $4 per unit

A move to a larger facility would increase rent expense by $8,000, and allow the company to meet its demand for an additional 1,000 units.

We need to calculate the effect in the income of moving to a larger facility.

Effect on income= total contribution margin increase - increase in fixed costs

Effect on income= 1,000*(10 - 4) - 8,000

Effect on income= $2,000 decrease

6 0
3 years ago
Sager Industries is considering an investment in equipment that will replace direct labor. The equipment has a cost of $86,000 w
PtichkaEL [24]

Answer:

130.77%

Explanation:

depreciation expense per year using straight method = (purchase cost - salvage value) / useful life = ($86,000 - $7,000) / 10 = $7,900

total costs = depreciation expense + operating and energy costs = $7,900 + $4,190 = $12,090

average rate of return = total savings / total costs = $15,810 / $12,090 = 1.30769 = 130.77%

7 0
3 years ago
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