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Trava [24]
3 years ago
8

The management of Nicto Company plans to have an inventory at the end of each month equal to 30% of the next month's sales. Budg

eted sales in units over the next three months are 87,000 in October, 127,000 in November, and 107,000 in December. Budgeted production for November would be:
Business
1 answer:
Rina8888 [55]3 years ago
3 0

Answer:

Production= 121,000

Explanation:

<u>To calculate the budgeted production for November, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production=  127,000 + (107,000*0.3) - (127,000*0.3)

Production= 127,000 + 32,100 - 38,100

Production= 121,000

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Karl Corporation was organized on January 2, 2018. During 2018, Karl issued 40,000 shares at $24 per share, purchased 6,000 shar
labwork [276]

Answer:

The answer is $1,404,000

Explanation:

Total amount realized from the issuance: 40,000 shares x $24

= $960,000

Treasury stock repurchased:

6,000 shares x $26

=$156,000

Net income = $600,000

The total amount of stockholders' equity at December 31, 2018 is:

Net income + amount realized from issuance - amount of treasury stock

$600,000 + $960,000 - $156,000

$1,404,000

3 0
3 years ago
Amy's school records describe her as having monochrome blindness. what can we assume about amy's perceptual abilities?
inessss [21]

We can assume that Amy’s perceptual abilities is that she may not be able to see color because she is considered or described to a monochromat base on the findings that is seen from her or base from the school records that has been provided.

5 0
3 years ago
Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% annual coupon rate, and a par value of $1,000. The discount rate is
azamat

Answer:

$977.93

Explanation:

This is a coupon paying bond. Using a financial calculator, input the following;

Time to maturity; N = 15

Coupon payment; PMT = 7.25% *1000 = 72.5

Face Value; FV = 1,000

Annual interest rate; I/Y = 7.5%

then compute the price of the bond, a.k.a present value; CPT PV = 977.93

Therefore, the price of the bond today is $977.93

7 0
3 years ago
Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue
PilotLPTM [1.2K]

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

8 0
3 years ago
Corporations have a distince advantage over other forms of business organization in the area of taxation. True False
seraphim [82]

Answer:false

Explanation:

5 0
3 years ago
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