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crimeas [40]
3 years ago
12

Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s

ets for $180 each in January and 2,050 luggage sets for $180each in February. All sales are cash only. Prepare the sales budget for January and February.
Business
1 answer:
Svetradugi [14.3K]3 years ago
3 0

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell =  $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

                                           Sales Budget  

                                                             January                      February  

Budgeted luggage sets to be sold 1,700                         2,050  

Sales price per unit                           180                            180  

total sales                                      306000                    369000

here sale is sold Budgeted luggage × Sales price

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Union Local School District has bonds outstanding with a coupon rate of 3.3 percent paid semiannually and 15 years to maturity.
valkas [14]

Answer:

The correct answer is $9432.31.

Explanation:

According to the scenario, The given data are as follows:

Par Value (FV) = $10,000

Time Period = 15 years

Time period (Semi annual) (Nper) = 30

Coupon rate ( semi annual) = 3.3% / 2 = 1.65%

So, payment (pmt) = $10,000 × 1.65% = $165

Yield (r) (semiannual) = 3.8% / 2 = 1.9%

By putting the value in financial calculator, we get

Hence, The price of the bond is $9432.31.

3 0
3 years ago
Which of the following is a characteristic of utility?
klasskru [66]

Answer:

It is synonymous with "usefulness".

It is subjective

4 0
3 years ago
Roberts, which began business at the start of the current year, had the following data:Planned and actual production: 40,000 uni
UkoKoshka [18]

Answer:

Gross margin = $166,500

so correct option is C. $166,500

Explanation:

given data

Planned and actual production = 40,000 units

Sales = 37,000 units @ $15 per unit

Production costs

Variable = $4 per unit

Fixed = $260,000

Selling and administrative costs

Variable = $1 per unit

Fixed = $32,000

to find out

gross margin that the company would disclose on an absorption costing income statement

solution

we get here sale that is

Sales = 37000 ×  $15

sales = $555,000

and

cost of good sold is

cost of good sold is = variable cost per unit + fixed cost per unit

cost of good sold is = 4  + \frac{260000}{40000}

cost of good sold is = 10.5

so total cost of god sold = 37000 × $10.5

total cost of god sold = $388500

so Gross margin is here

Gross margin =  $555,000 - $388500  

Gross margin = $166,500

7 0
2 years ago
Tangshan Industries has issued a bond which has a​ $1,000 par value and a 15 percent annual coupon interest rate. The bond will
mina [271]

Answer:

B. 10.79 percent

Explanation:

yield to maturity = [150 + (1250 - 1000/10)]/[(1250 + 1000/2)]

                            = 10.79%  

Therefore, The yield to maturity on the Tangshan Industries bond is 10.79%

6 0
3 years ago
he 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6 million, and the 2018 balance sheet showed long
Cerrena [4.2K]

Answer:

The firm’s 2018 operating cash flow, or OCF is  $1,470,000

Explanation:

For computing the operating cash flow, we have to use the formula of cash flow from assets which is shown below

= Operating cash flow - net capital spending - changes in working capital

where,

cash flow from assets = cash flow to creditors + cash flow to shareholders

                                     = $5,000 + $60,000

                                     = $65,000

And, the other item would remain same

Now put these values to the above formula  

So, the value would equal to

$65,000 = Operating cash flow - $1,450,000 - (-$85,000)

$65,000 = Operating cash flow - $1,450,000 + $85,000

So, the operating cash flow = $1,470,000

5 0
3 years ago
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