Answer:
Purchases for February would be: $46,500
Explanation:
Prepare a Purchases Budget to find the Purchases for February.
<u>Purchases Budget for February</u>
Budgeted Cost of Sales $45,000
Add Budgeted Closing Inventory ($45,000 × 30%) $13,500
$58,500
Less Budgeted Opening Inventory ($12,000)
Budgeted Purchases $46,500
Answer:
Materials quantity variance = $1,750(U)
Explanation:
Standard quantity(SQ) = $2.5 * 6600 = 16500 Kg
Standard Price( SP) = $5
Actual quantity(AQ) = 16,850 Kg
Actual Price( AP) = $90,720 / 18,900 kg = $4.8
Materials quantity variance = SP * (SQ - AQ)
Materials quantity variance = 5 * ( 16500 - 16,850 )
Materials quantity variance = 5 * (350)
Materials quantity variance = $1,750(U)
Answer:
Explanation:
FV $200,000.00
time 5 years
rate 0.1% = 10/100 = 0.10
C $ 32,759.496
The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years
Answer:
The correct word for the blank space is: public.
Explanation:
A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.
