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Serga [27]
3 years ago
5

At January 1, 2019, Vaughn Manufacturing has beginning inventory of 2000 surfboards. Vaughn estimates it will sell 7000 units du

ring the first quarter of 2019 with a 12% increase in sales each quarter. Vaughn’s policy is to maintain an ending inventory equal to 25% of the next quarter’s sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019? g
Business
1 answer:
Iteru [2.4K]3 years ago
6 0

Answer:

Sales revenues= $1,317,150

Explanation:

Giving the following information:

Vaughn estimates it will sell 7000 units during the first quarter of 2019 with a 12% increase in sales each quarter.

Selling price= $150

<u>First, we need to calculate the number of units to be sold in the third quarter</u>:

Sale in units= 7,000*1.12^2= 8,781

<u>Now, sales revenues:</u>

Sales revenues= 8,781*150

Sales revenues= $1,317,150

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Peggy offers to sell Shelby a purebred Scottish terrier puppy for $800. Shelby and Peggy do not discuss the dog's ancestry, but
ladessa [460]

Answer:

a. No, because Shelby made a mistake about the dog's value, not a mistake about a material fact.

Explanation:

Peggy made an offer to sell the dog for $800, they didn't discuss the dog's ancestry and Shelby wrongly assumed the dog was from champion lines and agreed to buy the dog for $800.

Based on further investigations, she discovered the dog was worth just $200.

She cannot rescind the contract because she wrongly assumed the dog's value not an error about à material fact. Peggy sold the dog at her own rates and Shelby bought the dog while wrongly assuming the value, so she cannot cancel the contract based on that.

6 0
3 years ago
Caroline's Jewelry and Gifts is located between a hardware store and a sports bar. While her target market is adult women of med
Vikki [24]
The husbands? since the store is near to asport bar and hardware store (which i assume are the places full of men customer), those guys might wanna buy cute jewellery for their cute wives
4 0
3 years ago
Read 2 more answers
Which of the following statements is CORRECT?A. Shareholder's equity is the residual value of a firmB. Net working capital must
olga55 [171]

Answer:

The correct answer is letter "A": Shareholder's equity is the residual value of a firm.

Explanation:

Shareholders' equity is a measure of a company's net worth. I can be calculated by subtracting the company's total liabilities from its assets. It is also understood as the <em>funds remaining after all creditors and debts are paid</em> that is why we could say it is the residual value of the firm.

4 0
3 years ago
Toby’s current marginal utility from consuming peanuts is 100 utils per ounce and his marginal utility from consuming cashews is
statuscvo [17]

Answer:

a. Toby is not maximizing his utility

b. Toby should reduce his spending on cashew and increase his spending on peanuts.

Explanation:

a. Is Toby maximizing his total utility from the kinds of nuts? If so, explain how you know.

Toby will maximize his utility when we have:

MUp/Pp = MUc/Pc

Where;

MUp/Pp = Marginal utility of peanut divided by price of peanut = 100/10 = 10

MUc/Pc = Marginal utility of cashew divided by price of cash = 200/25 = 8

From the above, Toby is not maximizing his utility. I am able to know this because MUp/Pp > MUc/Pc (i.e. 10 > 8). An Toby will only maximize his utility when MUp/Pp = MUc/Pc.

b. If not, how should he rearrange his spending?

Since MUp/Pp > MUc/Pc (i.e. 10 > 8), Toby should reduce his spending on cashew in order to increase MUc and increase his spending on peanuts reduce MUp until MUp/Pp = MUc/Pc.

3 0
3 years ago
F brown lent us 4000 giving us the money by cheque​
PSYCHO15rus [73]

Answer:

See below

Explanation:

This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

An increase in assets is debited while an increase in liabilities is credited.

The journal entry will be

Bank A/c Dr.  4000

F brown A/c           4000

3 0
3 years ago
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