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Morgarella [4.7K]
3 years ago
6

The following information is taken from the production budget for the first quarter: Beginning inventory in units 600 Sales budg

eted for the quarter 506000 Capacity in units of production facility 552000 How many finished goods units should be produced during the quarter if the company desires 2600 units available to start the next quarter?
Business
1 answer:
goldenfox [79]3 years ago
4 0

Answer:

508,000 units

Explanation:

The computation of the number of finished goods produced is shown below:

Finished goods produced during the year = Closing inventory + sales - opening inventory

= 2,600 units + 506,000 units - 600 units

= 508,000 units

We simply added the closing inventory into sales and deducted the opening inventory so that the finished goods produced during the year could come

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2 years ago
Ware Co. produces and sells motorcycle parts. On the first day of its fiscal year, Ware issued $35,000,000 of five-year, 12% bon
nlexa [21]

Answer:

Cash proceeds is $37,702,607.23  

First premium amortization $214,869.64

Second premium amortization is $225,613.12

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The amount of cash proceeds from the bond issue is the pv of the bond using the pv formula,=-pv(rate,nper,pmt,fv)

rate is 10% yield to maturity divided 2 since interest is semi-annual i.e 5%

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fv is the face value of the bond at $35,000,000

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Interest expense=$$37,702,607.23*10%/2=$1,885,130.36  

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premium amortized=$214,869.64  

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interest expense=($37,702,607.23+$2,100,000-$1,885,130.36)*10%/2

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Premium amortized=$2,100,000-$1,874,386.88

premium amortized=$225613.12

Bond expense for the first payment= 37,702,607.23*10%/2  

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Bond expense for the first payment=  37,487,737.59  *10%/2  

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First year bond interest expense= 1,874,386.88+1,885,130.362  

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During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $15,000 per car. The cars will be sold t
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Answer:

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