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Hunter-Best [27]
2 years ago
7

Deleon Inc. is preparing its annual budgets for the year ending December 31,2020. Accounting assistants furnish the data shown b

elow. Product Product JB 50 JB 60 Sales budget: Anticipated volume in units 404,800 203,400 $22 $27 Unit selling price Production budget: Desired ending finished goods units 18,100 29,200 Beginning finished goods units 33,700 11,400 Direct materials budget: Direct materials per unit (pounds) 1 18,600 Desired ending direct materials pounds 33,600 Beginning direct materials pou 41,000 11,300 $3 $3 Cost per pound Direct labor budget: Direct labor time per unit 0.3 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: $12 $21 Total unit cost 92 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter sho selling expenses of $664,000 for product JB 50 and $363,000 for product JB 60, and administrative expenses of $542,000 for product JB 50 and $344,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.
Prepare the sales budget for the year.
Business
1 answer:
Artist 52 [7]2 years ago
3 0

Answer:

                               Sales Budget - Deleon Inc.

Particulars                               JB50               JB60               Total

Expected unit sales              404,800          203,400

Selling price per unit            $22.00            $27.00

Projected Sales Revenue   $8,905,600    $5,491,800   $14,397,400

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salantis [7]

What would be the most likely place for it to advertise is: on buses and with signs on parking lots.

<h3>What is Advertisement?</h3>

Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.

Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this  will help to persuade this commuter to buy the fast food product.

Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.

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7 0
2 years ago
g Suppose that if GSI drops the price on the Glucoscan 3000 immediately, it can increase sales over the next year by 30% to 130,
Amanda [17]

Complete Question:

Glucose Scan Incorporated (GSI) currently sells its latest glucose monitor, the Glucoscan 3000, to diabetic patients for $129. GSI is considering lowering the sale price to $99 per unit. The cost of goods sold for each Glucoscan unit is $50, and GSI expects to sell 100,000 units over the next year. The marginal corporate tax rate is 40%. Suppose that if GSI drops the price on the Glucoscan 3000 to $99 immediately, it can increase sales over the next year by 30% to 130,000 units.

Also suppose that for each Glucoscan monitor sold, GSI expects additional sales of $100 per year on glucose testing strips and these strips have a gross profit margin of 75%. These strip sales occur on all monitor sales regardless of the price of the monitor. Including the increase in the sale of testing strips, the incremental impact of this price drop on the firms EBIT is closest to:

Answer:

$720,000

Explanation:

Incremental Earnings Before Interest and Tax Analysis  

Details                                         Current price               Reduced price

Units Sold                                        100,000                         130,000

Unit sales price                            <u>       129          </u>                <u>         99        </u>

Sales Revenue                             $12,900,000                 $12,870,000

Cost of Goods sold at $50            <u>5,000,000</u>                  <u>$6,500,000</u>

Gross Profit                                    $7,900,000                  $6,370,000

G. Profit on Strips sold at $75      <u>$7,500,000</u>                  <u>$9,750,000</u>

Total Gross Profit for the year      $15,400,000                $16,120,000

The Net benefit of this price change is increase of Earnings before interest and tax by $720,000.

3 0
3 years ago
An income tax is progressive if the
UkoKoshka [18]

Answer:

Option C- An income tax is progressive if the percentage of income paid as taxes increases as income increases.

Explanation:

Majorly, there are three types of Tax systems; these are:  Progressive, regressive and proportional.

A tax in which the tax rate increases as the taxable amount increases is known as a progressive tax.

The term "progressive" refers to the way the tax rate progresses from low to high, such that a taxpayer's average tax rate is less than the person's marginal tax rate.

Also,a progressive tax is  applicable to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. It is imposed with the aim of reducing the tax incidence of people with a lower ability to pay, as such taxes shift the incidence increasingly to those with a higher ability-to-pay.

Thus, an income tax is progressive if the percentage of income paid as taxes increases as income increases.

6 0
3 years ago
Which of the following are expansionary fiscal policy actions? I. Reduction in Social Security withholding taxes II. Purchase of
dusya [7]

Answer:

I and IV are correct.

Explanation:

The reduction in the personal taxes and in the Social Security withholding taxes are considered as the expansionary fiscal policy. Fiscal policy refers to a policy that is used by the government for monitoring and influencing a nation's economy. Government adjust the expenditure, investment and taxes for maintaining the stability in an economy.

If there is a fall in level of tax rate then this will increase the disposal income of the consumers and hence, an increase in the aggregate demand. Therefore, there is a rightward shift in the aggregate demand curve.

Expansionary fiscal policies refers to the policies which increases the aggregate demand in an economy.

8 0
3 years ago
Which one is it? <br> Subject: Economics <br> Foolproof Module 6
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Answer:

True.

Explanation:

A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.

A 0% interest credit card refers to a credit card that has no interest charged on it for a specific period of time, usually between twelve (12) and twenty-one (21) months.

Thus, a credit card holder with a 0% interest won't have to pay interest on any purchase for the duration of the incentive.

However, the 0% interest card holder is still required to make monthly minimum payments and must be made promptly.

Hence, if you make a late payment on a 0% interest card, you're responsible for paying the entire interest from the time you opened the card.

8 0
3 years ago
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