1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WINSTONCH [101]
3 years ago
8

A company budgeted unit sales of 204,000 units for January, 2017 and 240,000 units for February 2017. The company has a policy o

f having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 61,200 units of inventory on hand on December 31, 2016, how many units should be produced in January, 2017 in order for the company to meet its goals? 214,800 units 204,000 units 193,200 units 276,000 units
Business
1 answer:
tatuchka [14]3 years ago
4 0

Answer:

214,800 units should be produced in January, 2017 in order for the company to meet its goals

Explanation:

Prepare a Production Budget for January 2017 as follows ;

                                                                                 January

Budgeted Sales                                                      204,000

Add Budgeted Closing Stock(240,000×30%)        72,000

Total Production Needed                                       276,000

Less Budgeted Opening Inventory (December)   (61,200)

Budgeted Production                                              214,800

You might be interested in
Sid files a suit against tina. before going to trial, the parties, with their attorneys, meet to try to resolve their dispute. a
Maurinko [17]
A third party help them to reach an agreement and this is meditation. Meditation is a practice where individuals train or operates their mind or induces a mode of consciousness. When the person meditate, this person wants more time to think and to make her mind calmer and be more focused.
8 0
3 years ago
Hey I was wondering if someone could make a study guide for my 7th grade final (I finished most of it.) I'll give lots of points
Bond [772]
Do you just need like a study guide with everything wrote down and organized or do you need it in a different way? I might be able to help :)
3 0
2 years ago
Read 2 more answers
Designated Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
Natasha2012 [34]

Answer:

Yes it is legal.

Explanation:

Escrow accounts are account in which funds are accumulated for specific disbursements. According to my research on the different requirements and limits on escrow accounts, I can say that based on the information provided within the question what Ron is trying to do is completely legal. This is because there is no legal limit on the number of escrow accounts a broker can have.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Police radar equipment is used to detect the speed of objects. In one trial, the radar equipment records a stationary tree as tr
Ganezh [65]

The measurement problems that exist in the radar equipment are accuracy , reliability

<u>Explanation:</u>

There are two different kinds of Radar that is being used such as rotating- antenna radar and  traffic radar. The type of radar that is being used by police contains a stationary single antenna. this will be pointing in one direction. The signal that is modulated will not be sent. There will not be any cathode ray screen for displaying the collected information.

As the antenna points only one direction it can measure only the speed of those object that is either moving towards or away from the radar. It cannot sense the kind of object that it is measuring and it could not also tell the direction in which the object is travelling. Hence, the reliability and the accuracy are the main measurement problems.

3 0
3 years ago
Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine cost
Paraphin [41]

Answer:

Ore deposit depletion and Mining machinery depreciation Journal entries

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Explanation:

Preparation of the year-end entries to record both the ore deposit depletion and the mining machinery depreciation of Montana Mining Co

Depletion of natural resources can be defined as the way in which the cost of natural resources is apportioned upto the period when it will be utilized which is why they are shown at cost in balance sheet.

The entry is to record depreciation charged on ore deposit depletion. Therefore To record this entry we have to debit depletion charges, and credit accumulated depreciation

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Computation of depletion cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$3,721,000/1,525,000 tons

=$2.44

Hence, depletion per unit is $2.44.

Computation depletion amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$2.44×166,200 tones

=$405,528

Hence, depletion expenses on ore deposit amounts to $405,528.

The pass entry to record depreciation charged on mining machine :

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Computation of depreciation cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$213,500/1,525,000 tons

=$0.14

Hence, depreciation per unit is $0.14.

Computation of depreciation amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$0.14×166,200 tones

=$23,268

Therefore the depreciation expenses on ore deposit amounts to $23,268

4 0
3 years ago
Other questions:
  • Settings Suppose an economy experiences technological progress and this causes a shift in the LRAS curve. Which of the following
    6·1 answer
  • Which of the following accounts are closed at the end of the year?A. accounts receivableB. retained earningsC. salaries expenseD
    15·1 answer
  • In general, what are the benefits of the Internet to (i) the business person, (ii) an organization, (iii) a nation and (iv) a gl
    11·1 answer
  • Nichols Enterprises has an investment in 30,500 bonds of Elliott Electronics that Nichols accounts for as a security available-f
    5·1 answer
  • Billie jean has $120 to spend and wants to buy either a new amplifier for her guitar or a new mp3 player to listen to music whil
    11·1 answer
  • The CEO from headquarters has just arrived. You make some opening comments and she replies, "I'm glad to be here. I look forward
    11·1 answer
  • Cost of goods sold budget Pasadena Candle Inc. budgeted production of 785,000 candles for the year. Each candle requires molding
    7·1 answer
  • Based on this knowledge, the CEO of U.S. Builders asked his administrative assistant to talk with Teresa and tell her that takin
    11·1 answer
  • Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held durin
    5·1 answer
  • True or false: when a company issues common stock, it gives cash to its owners in exchange for stock.
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!