1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tom [10]
3 years ago
9

Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and lug

gage sets for each in . All sales are cash only. Prepare the sales budget for January and February.
Business
1 answer:
jolli1 [7]3 years ago
3 0

Complete Question:

Yem Company manufactures luggage sets. Yem sells its luggage sets to department stores. Yem expects to sell 1,600 luggage sets for $260 each in January and 1,700 luggage sets for $260 each in February. All sales are cash only. Prepare the sales budget for January and February

Answer:

Yem Company

Yem Company

Sales Budget

Two Months Ended January 31 and February 28

                                                              January      February

Budgeted luggage sets to be sold         1,600            1,700

Sales price per set                                  $260            $260

Total sales                                        $416,000     $442,000

Explanation:

a) Data and Calculations:

Expected sales units in January = 1,600 luggage sets

Selling price for January sales = $260 each

Expected sale units in February =  1,700 luggage sets

Selling price for February sales = $260 each

You might be interested in
A contract is ____________ if one or both of the parties have the ability to either withdraw from the contract or enforce it.
Paladinen [302]

Answer: Voidable contract.

Explanation: Voidable contract is enforceable by law at the option of one or more parties but not an option of the the other parties. A voidable contract can still be considered valid if its not cancelled by the aggrieved party within a stipulated time. A contract is said to be a voidable contract if the contract is entered into without the free consent of the party. Typical grounds for a contract being voidable include coercion , undue influence and fraud. A contract made by a minor is often voidable.

It is a valid contract which may be either affirmed or rejected at the option of one of the parties involve.

7 0
3 years ago
Which of the actions must be taken if a municipality wishes to raise its debt limit?
kaheart [24]

Answer:

Public referendum

Explanation:

Public referendum

Raising debt limit is not one side decision it always been bilateral decision between public and government. it is done to raise the treasury of government. it is yearly program which may be initiate on the basis of condition of municipality funds. therefore it need referendum from public side to decide whether to increase the debt limit or not

4 0
3 years ago
Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR
hodyreva [135]

Answer:

C) 0.5 USD

Explanation:

Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.

4 0
2 years ago
Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
AfilCa [17]
The answer is that, "Mary was conducting an experiment".
Mary has done the experiment by raising the price of cookies every week, and when her experiment finished, she concluded a result from her experiment about the price of cookies which is more profitable. So in daily life we do many experiments to get conclusion from them sometimes it takes more time some times less.
3 0
3 years ago
The open-economy macroeconomic model examines the determination of a. unemployment and the exchange rate. b. the output growth r
Andrei [34K]

Answer:

c. the trade balance and the exchange rate.

Explanation:

An Open Economy is an economy that allows the free inflow and outflow of goods, services, capital and people. The opposite of a closed economy.

What sets these two models apart is that in an open economy, both imports and exports are allowed, so that countries necessarily have to trade in more than one currency, so the exchange rate must be examined. In addition, business transactions are recorded in a balance of payments. So these are the two concepts that are not tried in a closed economy analysis, but are introduced in an open economy.

3 0
3 years ago
Other questions:
  • When Shondra shops at the warehouse club, she buys paper towels and tissues in bulk. What type of packaging do these products co
    15·1 answer
  • George is ready to launch a designer tie collection under his own brand name. He now has to decide the right market price for hi
    11·1 answer
  • A large computer manufacturer forbids its executives and managers from serving as directors or officers for Hewlett-Packard or a
    5·1 answer
  • ______________ recognizes that a company’s performance should be viewed not only in terms of its ability to generate economic pr
    8·1 answer
  • What do you think of the business meeting being held at the opening of the film? How foes it differ from business meetings in am
    6·1 answer
  • As of December 31, 2019, Sheffield Corp. had $3000 of raw materials inventory. At the beginning of 2019, there was $2500 of mate
    7·1 answer
  • In 2010,Chesley Inc. acquired Corrigan Ltd. in a hostile takeover. However, the expected synergies never materialized. In 2013,
    12·1 answer
  • To determine a credit score, debt, available credit and total assets are all part of the
    13·1 answer
  • If only one airline serves a town, does a monopoly exist? What about competition from other services?
    8·2 answers
  • Chips of Joy, a leading chocolate chip cookie manufacturer, has decided to use the same marketing strategy and marketing mix wor
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!