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Scorpion4ik [409]
2 years ago
5

Production Budget

Business
1 answer:
mihalych1998 [28]2 years ago
4 0

Answer:

Pasadena Candle Inc.

Pasadena Candle Inc.

Production Budget

For the Year Ending December 31

Total units available:

Project sales                    800,000

Desired ending inventory 20,000  820,000

Beginning inventory                          35,000

Total units to be produced             785,000

Explanation:

a) Data and Calculations:

Projected sales of candles for the year = 800,000  candles

January 1 inventory = 35,000 units

Desired December 31 inventory = 20,000 units

Units available for sale = 820,000 (800,000 + 20,000)

Production for the year = 785,000 (820,000 - 35,000)

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Answer:

$69,000

Explanation:

The double-declining method uses twice the rate of the straight-line depreciation method.  

In this case, we need to determine the depreciation rate under the straight-line method. The asset has a useful life of 5 years.

the depreciation rate = 1/5 x 100

=0.2 x 100

=20%

The Depreciation rate for the double-declining method is 40%. The straight-line method considers salvage value at the beginning, but double-declining depreciates until the salvage value.

In the first year under the double-declining method, the depreciation amount was $27,600.

It means 40% of the asset cost is $27,600.

The asset cost is 100%

40%=$27,600

100% = 27,600/40 x 100

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Asset cost = $69,000

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3 years ago
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consi
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Answer: See explanation

Explanation:

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It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.

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What are some drawbacks and risks to a broad generic strategy? To a focused strategy?
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Answer:

Explanation:

Porter's generic strategies determine how the company will gain competitive advantage within the selected market. Lower cost, differentiated or focus strategies could be included. The company chooses one of the two types of competitive advantages either by lower costs than competition or by differentiating between customers' value to achieve higher prices. A company also chooses two types of products that offer its products to selected market segments or industry levels and offer products in many market segments. The generic strategy reflects the choices made by both the type and the degree of competitive advantage.

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3) Focus strategies are focused on a narrow segment and seeks to achieve cost advantage or differentiation in that segment. The main pillar is better service, focusing on the needs of the group. Using a focus strategy, the firm often has high customer loyalty, which prevents other firms from competing directly. There are some risks, such as imitating focus strategies and making changes to your target segments. In addition, it can be quite easy for a broad market value leader to adapt products directly to the competition. Finally, other focus areas can create sub-segments where they can better serve.

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