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3 years ago

Benet Company has budgeted the following unit sales:

Business

1 answer:

Reika [66]3 years ago

8 0

Answer:

Benet Company

Production Budget for 2019:

Quarter Quarter Quarter Quarter

1 2 3 4

Ending inventory 38,000 52,000 75,000 24,000

Units Sold 105,000 190,000 260,000 375,000

Units available for

production 143,000 242,000 335,000 399,000

Beginning Inventory 21,000 38,000 52,000 75,000

Units produced 122,000 204,000 283,000 324,000

Explanation:

a) Data and Calculations:

2019 2020

Quarter Units Quarter Units

1 105,000 1 120,000

2 190,000

3 260,000

4 375,000

Ending inventory

December 31, 2018 = 21,000

Quarter 1, 2019 = 38,000 (190,000 * 20%)

Quarter 2, 2019 = 52,000 (260,000 * 20%)

Quarter 3, 2019 = 75,000 (375,000 * 20%)

Quarter 4, 2019 = 24,000 (120,000 * 20)

Production Budget for 2019:

Quarter Quarter Quarter Quarter

1 2 3 4

Ending inventory 38,000 52,000 75,000 24,000

Units Sold 105,000 190,000 260,000 375,000

Units available for

production 143,000 242,000 335,000 399,000

Beginning Inventory 21,000 38,000 52,000 75,000

Units produced 122,000 204,000 283,000 324,000

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Suppose that an income producing property is expected to yield cash flows for the owner of $150,000 in each of the next five yea

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Answer:

$1,449,635.50

Explanation:

The computation of the value of the property today is shown below:

First the present value for 5 years is

Year Cash flows Discount factor Present value

1 $150,000 0.925925926 $138,888.89

2 $150,000 0.85733882 $128,600.82

3 $150,000 0.793832241 $119,074.84

4 $150,000 0.735029853 $110,254.48

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Total present value $598,906.51

The discount factor is

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And, the formula of future value is

Future value = Present value × (1 + rate)^number of years

$1,250,000 = Present value × (1 + 0.08)^5

$1,250,000 = Present value × 1.469328077

So, the present value is $850,729

Now the today value of the property is

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3 years ago

Splish Brothers Inc. issues $4.8 million, 5-year, 7% bonds at 102, with interest payable on January 1. The straight-line method

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Answer and Explanation:

The Journal entries are shown below:-

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3 years ago

People joined together in 4.

Thepotemich [5.8K]

C. partnership
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Which payment type is best if you are trying to stick to a budget?

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3 years ago

When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the

Airida [17]

Answer:

100%

Explanation:

Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'

Therefore,

The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP

Now,

the profit = 20% of CP = 0.2CP

also,

Profit = Selling Price - Actual price

0.2CP = 0.6SP - CP

1.2CP = 0.6SP

CP = 0.5SP

SP = 2CP

thus,

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= $\frac{SP-CP}{CP}\times 100$

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= 100%

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3 years ago