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rodikova [14]
3 years ago
8

Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The c

ompany wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June.
The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June. May June RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending Inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced.
Business
1 answer:
kherson [118]3 years ago
5 0

Answer:

<u>Details                                             April       May       June </u>

Unit to be produced                        576        630        608

Explanation:

The production budget For April, May, and June can be prepared as follows:

                                                 Ruiz Co.

                                         Production Budget

                                   For April, May, and June

<u>Details                                                                April       May       June   </u>

Next month's budgeted sales (A)                     640       590         680

Ratio of inventory to future sales (B)                20%      20%         20%

Budgeted ending inventory (C = A * B)             128        118          136

Budgeted unit sales for month (D)                    560       640        590

Req'd units of avail. production (E = C + D)      688        758        726

Budgeted beginning inventory (F)                     112        128          118

Unit to be produced (G = E - F)                        576        630        608

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Answer: Closing entries: <u>" must be journalized and posted ".</u>

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Temporary accounts are profit and loss accounts, so the result of the year is determined in this way.

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Consider the Northern California territory of Nova generates a sales revenue of $320,000 with four salespeople. The territory ac
antoniya [11.8K]

Answer: e)5% and $80,000

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$320,000 was generated by the salespeople in this territory.

This territory comprises 10% of a $64 million market.

Territory comprises of = 10% * 64,000,000 = $6,400,000

Their market share is therefore;

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An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety
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An oligopoly does not exist when there is a lot of variety in the number of sellers and producers of media content.

What is an oligopoly-

An Oligopoly is a type of market in which :

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An example of an oligopoly market is - the Organisation of petroleum exporting countries(OPEC).

Disclaimer- The Question is incomplete the question may be "An oligopoly exists when there is a lot of variety in the number of sellers and producers of media content, but not much variety in what they actually produce. Is this statement true or false?"

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