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Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the firs

LenaWriter [7]

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

5 0

3 years ago

rajon is trying to decide between majoring in psychology and majoring in economics. he considers the intensity of each major si

jeyben [28]

Rajon has employed a utility theory of which a person has decided and targeted his or her preference in life as it is seen on Rajon’s actions as he tries to determine the course he would take of which is beneficial for him in the future which are considered to be his preference in his life. It is also a way of having people rank choices and which would be of preference or priorities in their life. It can be illustrated on Rajon’s actions as he tries to take up choices of which is best and which are his priorities in relation his field and job after he graduated in his school.

5 0

3 years ago

Which of the following integrates the functions of operations management, logistics management, supply management, and marketing

kolbaska11 [484]

Answer:

A. supply-chain management

Explanation: Supply chain management is the term used to describe the processes involved the handling of the flow of raw materials, finished goods, equipments and other supplies in order to ensure that materials are made available to the user at the right time right location and at the right quantity and Quality.

Supply chain management integrates both the operations, logistics, Marketing, supply management in order to efficiently manage or handle the flow of materials.

4 0

3 years ago

Read 2 more answers

Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual

11Alexandr11 [23.1K]

Answer:

LEWIS Co.

Flexible budget performance report

For month ended May 31

Flexible budget Actual results Variances Result

Sales $420,000 $435,000 $15,000 Fav

(1400*$300)

Variable expense $168,000 $172,000 $4,000 Unfav

(1400*$120)

Contr. margin $252,000 $263,000 $11,000 Fav

Fixed cost $125,000 $122,000 $3,000 Fav

Net Income $127,000 $141,000 $14,000 Fav

7 0

3 years ago

Room Chill Company manufactures ceiling fans and uses an activityminusbased costing system. Each ceiling fan has 20 separate par

igor_vitrenko [27]

Answer:

Total unitary cost= $121.5

Explanation:

Giving the following information:

Each ceiling fan has 20 separate parts.

The direct materials cost is $85

Each ceiling fan requires 3.5 hours of machine time to manufacture.

Activity Allocation Base Allocation Rate

Materials handling Number of parts $ 0.08

Machining Machine hours 7.20

Assembling Number of parts 0.35

Packaging Number of finished units 2.70

To calculate the unitary manufacturing cost, we need to use the following formula:

Unitary manufacturing cost= direct material per unit + allocated overhead per unit

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Materials handling= 0.08*20= $1.6

Machining= 7.20*3.5= $25.2

Assembling= 0.35*20= $7

Packaging= 2.70*1= $2.7

Total= $36.5

Total unitary cost= 85 + 36.5= $121.5

4 0

2 years ago