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gayaneshka [121]
3 years ago
6

Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as

follows: Month Sales
October 10,000
November 14,000
December 13,000
Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps.
In going from the sales budget to the production budget, adjustments to the sales budget need to be made for
a. cash receipts.
b. finished goods inventories.
c. factory overhead costs.
d. selling expenses
Business
1 answer:
timofeeve [1]3 years ago
5 0

Answer:

Asian Lamp Company

In going from the sales budget to the production budget, adjustments to the sales budget need to be made for

b. finished goods inventories.

Explanation:

a) Data and Calculations:

Sales Budget               October   November   December    January

Ending inventory            3,500         3,250          4,000

Estimated sales units   10,000        14,000        13,000         16,000

Units available for sale 13,500        17,250        17,000

Beginning inventory      3,000         3,500          3,250          4,000

Production units           10,500        13,750         13,750

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iogann1982 [59]

Answer:

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3 years ago
Which of the following is not a part of the definition of market value used by federal financial institutions?a) Buyer and selle
lubasha [3.4K]

Answer:

b) The property sells in 90 to 120 days

This is not a condition required to define market value.

It state a reasonable time, but does not specifies any duration.

Explanation:

The law indicates 5 conditions to determinate the market value, which is the most probable price which a property can be traded:

(1)  Buyer and seller are typically motivated; (is listed as a)

This means seller want to sale at high as possible, buyer purchase as lowest as possible, they are not colluding, they are motivated to do the transaction in their best interest

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The property is being trade for cahs or cash equivalent.

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7 0
3 years ago
1On January 3, Carothers Corporation acquired $200,000 in new equipment in exchange for cash of $170,000 cash and a trade-in of
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Answer:

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