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Harman [31]
2 years ago
15

Pasadena candle inc, budgeted production of 785000 candles for the year. Wax is required to produce a candle. Assume 10 ounces o

f wax is required for each candle. The estimated January 1 wax inventory is 26000 pounds. The desired December 31 wax inventory is 12500 pounds . If candle wax cost $1.24 per pound , determine the direct material purchase budget for the year
Business
1 answer:
aleksley [76]2 years ago
5 0

Answer:

$604,035

Explanation: theres your answer

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The computation and interpretation of the degree of combined leverage (DCL)You and your colleague, Malik, are currently particip
erastova [34]

Answer:

1. expected to be the same

2. expected decrease to 1.11

3. expected decrease to 2.67

Explanation:

1. Degree of Operating Leverage = Contribution margin ÷ Earning before interest and tax

= $48,000,000 ÷ $20,000,000

= $2.40

2. Degree of Financial Leverage = Earning before interest and tax ÷ Earning before tax

= $20,000,000 ÷ $16,000,000

= $1.25

3. Degree of total leverage = Contribution margin ÷ Earning before tax

= $48,000,000 ÷ $16,000,000

= $3.00

The repayment 50% of bank loan

1. The Degree of Operating Leverage is expected to be the same.

2. Degree of Financial Leverage = $20,000,000 ÷ $18,000,000 = 1.11

The Degree of Financial Leverage is expected to be decrease to 1.11

3. Degree of total leverage = $48,000,000 ÷ $18,000,000 = 2.67

The Degree of total leverage is expected that it will decrease to 2.67

4 0
3 years ago
Now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to th
scoundrel [369]

Answer:The output will be $billion and the price level will increase.

Explanation:Long term accommodative policies by government causes a shift to the right of aggregate demand curve in response to the left shifting of the aggregate supply curve in the short run.

This change will definitely cause an increase in aggregate demand without a corresponding increase in aggregate supply to meet the demand.

In doing this the government aims to permanently higher prices in order to restore employment and output to it's original level.

3 0
3 years ago
Every year, 7 Days, a large retail chain, organizes a large annual function in which it gives an "Employee of the Year" award to
Simora [160]

Answer:

E) ceremonies

Explanation:

In an organization's culture, ceremonies are extremely important for what they represent, not necessarily for the monetary amount of a price. A ceremony is a formal event and in this case it occurs in front of almost all the employers of the retail chain. The employee that is awarded the prize is not only given money, he/she is also being recognized for being the employee of the year in front of everyone else.

5 0
3 years ago
Read 2 more answers
Which form of mass media was developed from a defense department project?
Kazeer [188]
The internet was the form of mass media developed from a defense department project
5 0
3 years ago
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Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid freigh
algol13

Answer:

There are two methods to record purchases in the perpetual inventory system. The net method is another means of recording purchases which initially records the invoice at it net amount of any cash discount giving management an advantage in controlling and monitoring cash payments.

Perpetual Inventory System

Gross Method

(a) Purchased the merchandise.

Merchandise Inventory $ 4700 Dr.

Accounts Payable $ 4700 Cr.

Terms FOB shipping point, 1/10, n/30

(b) Recorded receipt of the credit memo for merchandise returned.

Accounts Payable $ 1600 Dr.

Merchandise Inventory $ 1600 Cr.

(c) Paid the amount owed within the discount period.

Accounts Payable $ 3100 Dr

Discount $ 31 Cr

Cash $ 3069 Cr  

Perpetual Inventory System

Net Method

(a) Purchased the merchandise.

Merchandise Inventory $ 4700 Dr.

Accounts Payable $ 4700 Cr.

Terms FOB shipping point, 1/10, n/30

(b) Recorded receipt of the credit memo for merchandise returned.

Accounts Payable $ 1600 Dr.

Merchandise Inventory $ 1600 Cr.

(c) Paid the amount owed within the discount period.

Accounts Payable $ 3100 Dr

Cash $ 3100 Cr  

6 0
3 years ago
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