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
Effectus [21]
2 years ago
14

Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects

the following unit sales: January 41,000 February 38,000 March 50,000 April 51,000 Patrick's policy is to have 25% of next month's sales in ending inventory. On January 1, it is expected that there will be 6,700 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should be produced each month as well as for the quarter in total. Patrick Inc. Production Budget For the Coming Quarter January February March 1st Quarter Total Sales Desired ending inventory Total needs Less: Beginning inventory Units to be produced
Business
1 answer:
TiliK225 [7]2 years ago
7 0

Answer:

$135,010

Explanation:

Duration

January

February

March

Expected Sales

41,000

38,000

50,000

Add: Ending Inventory

(21%×38,000) 7,980

(21%×50,000) 10,500

(21%×51,000) 10,710

Less:Beginning Inventory

4,700

7,980

10,500

Units to be Produce

(7,980-4,700)+41,000=44,280

(10,500-7,980)+38,000=40,520

(10,710-10,500)+50,000= 50,210

Quarter in Total $135,010

You might be interested in
Greg, a supervisor, is known by his managers to be sharp in his decisions and has a good track record of meeting his goals. greg
shepuryov [24]

Answer: (B) Effective

Explanation:

 Greg is an effective supervisor as they supervise or guide all the employees in an organization for the purpose of completing the tasks, meet the actual deadlines and also motivating the employees.

It has the good leadership quality and also recognizing all emotions according to the given task.

 According to the given question, the effective supervision taking various types of sharp decisions and also tracking all the tasks for meeting the goals.

 Therefore, Option (B) is correct answer.  

4 0
3 years ago
Closing entries:
Nikolay [14]

Answer:

Must be journalized and posted.

Explanation:

Closing entries are journal entries that is made at the end of an accounting period. It involves the transfer of balances of a temporary account to a permanent account.

Organisations employ the use of closing entries to reset the balances of temporary accounts to zero.

Closing entries are carried out to bring back the revenue, expense, and drawing temporary account balances to zero in preparation for a fresh accounting period.

3 0
3 years ago
Read 2 more answers
If your college leadership sought your advice on setting tuition, why would it matter if your college was the only college for m
gizmo_the_mogwai [7]

Answer:

yes, it would matter, because you want to get the best out of it

Explanation:

6 0
3 years ago
An employee who is exhibiting intimidating behaviors that are discourteous/disrespectful, uncooperative, and/or verbally abusive
m_a_m_a [10]
Violent behavior is what I could think that would be called
7 0
3 years ago
Read 2 more answers
On January 1, 2016, Brian's stock portfolio is worth $100,000. On September 30, 2016, $5,000 is withdrawn from the portfolio, an
defon

Answer:

1.93%

Explanation:

The time weighted rate of return will be computed by combining the return at every time period demarcated by a withdrawal/addition.

<em>Time 1: Jan 1, 2016 to Sep 30, 2016</em>

start value = 100,000; end value = (105,000+5,000) = 110,000

Return = \frac{110,000}{100,000}=1.1

<em>Time 2: Sep 30, 2016 to Sep 30, 2017</em>

start value = 105,000; end value = 108,000

Return = \frac{108,000}{105,000}=1.028571

<em>Time 3: Sep 30, 2017 to Dec 31, 2017</em>

start value = (108,000 + 3,000) = 111,000; end value = 100,000

Return = \frac{100,000}{111,000}=0.900901.

Therefore, time weighted return

= (1.1 * 1.028571 * 0.900901) - 1

= 0.019305

= 1.93%.

3 0
2 years ago
Other questions:
  • Breakeven and leverage wingler communications corporation (wcc) produces premium stereo headphones that sell for $28 80 per set,
    14·1 answer
  • -Provide public goods
    13·2 answers
  • According to the rational choice theory, an individual is likely to commit a crime when he or she:
    14·1 answer
  • Google's relaxed and non-traditional corporate culture is one aspect of which
    11·1 answer
  • Zachariah is the sole shareholder of an S corporation in Detroit, Michigan. At a time when his stock basis is $10,000, the corpo
    14·1 answer
  • HELP!!!!! Will mark as brainliest!!
    12·2 answers
  • What is journal entry for purchase goods from ram on cash rs 4000​
    6·1 answer
  • Sally received $78,300 of compensation from her employer and she received $540 of interest from a corporate bond. What is the am
    9·1 answer
  • N
    9·2 answers
  • Employers are concerned with the changing demographics of mothers in the workforce because: Multiple select question. the number
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!