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kifflom [539]
3 years ago
5

D'Unique Enterprise, a company that manufactures hair growth oil is preparing for its upcoming financial year (2021). D’Unique'

is seeking a loan from JNT Bank to purchase equipment that will be used to package the oils in anticipation of sales. The loans officer at the bank requesting the company's upcoming financial year's budget to assess their cash position to repay the loan The following information was used torrepare the master budget for D’Unique Enterprise: A. Sales/Collection Sales unit in the fourth quarter of 2020 will be 2500 units and is expected to increase by 500 units over each quarter in 2021. Selling price is $60 per unit. All sales are on account. Management expects future sales collection to follow past experiences. Customers pay 60% in the quarter of sales and 40% in the quarter following sales. Accounts receivable for December 31, 2020 is expected to be $60,000. B. Production To reduce the risk of a stock-out or idle time, D'Unique Co. has maintained an ending inventory policy of 20\% of the following quarter's sales unit. C. Direct material Each bottle of hair growth oil requires four ounces of liquid which cost $3.50 per ounce. The company wants to maintain an ending inventory of raw materials equal to 10\% of the next quarter's production requirements. Ending inventory of raw material for the fourth quarter of 2020 will be 1,520 ounces. Payments to suppliers for the purchase of direct material are done in two tranches - 70% in the quarter of purchase and 30% the quarter following purchase. Accounts payable of $10,600 at December 31, 2020, is expected to be paid in full in the first quarter of 2021. D. Direct Labour The standard wages rate of direct labour is $10.00 per hour.
Business
1 answer:
slava [35]3 years ago
7 0
Answer pigs in blankets
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Swifty Corporation took a physical inventory on December 31 and determined that goods costing $215,000 were on hand. Not include
balu736 [363]

Answer:

$262,000

Explanation:

Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.

Ending inventory = $215,000 + $27,000 + $20,000

Ending inventory = $262,000

So, the amount that should Swifty report as its December 31 inventory is $262,000.

7 0
3 years ago
An organization accused of illegal discrimination may be able to successfully defend its employment practices by showing that th
alexgriva [62]

Answer:

a bona fide occupational qualification

Explanation:

Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.

An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.

8 0
3 years ago
Read 2 more answers
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
kodGreya [7K]

Answer:

The labor productivity  for Deluxe and Limited cars are as follows:

          Units/Hour dollars

Deluxe Car  0.13   103.64  

Limited Car  0.21   156.54  

Explanation:

It is noteworthy that labor productivity in terms of units/hour does not put into consideration  quality of product, selling prices and skill level of the manufacturing workers. It would extremely  difficult for supervisors to find  out the workers that are better in terms of unit/hour.

Find attached spreadsheet with detailed calculation and formulas used.

Download xlsx
3 0
3 years ago
Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part fl
Damm [24]

Answer:

Jill cannot hold the manufacturer responsible for her injury.

Explanation:

The above question is incomplete as there are several answer options which are listed below;

• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got

• Jill can hold the manufacturer liable for her injury

• Jill cannot hold the manufacturer responsible for her injury

• Lexi can hold the manufacturer liable for Jill's injury.

The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.

With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.

7 0
3 years ago
According to W. E. B. Du Bois, "The true college will ever have one goal—not to earn meat, but to know the end and aim of that l
emmainna [20.7K]

Answer:

The correct answer is True.

Explanation:

Basically, Du Bios' message invites awareness of the true usefulness of education, which is not found within the productive environment but in service and satisfaction to others. Also, education has to be a process of self-growth where progress is internalized and people can feel the accomplishment of reaching an educational goal.

7 0
3 years ago
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