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3 years ago

Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales:

Business

1 answer:

nikitadnepr [17]3 years ago

8 0

Answer:

Shalimar Company

Cash Sales and Credit Sales:

a) Last two quarters of the current year:

Current Year Quarter 3 Quarter 4

Budgeted Sales $4,900,000 $6,850,000

Cash (10%) 490,000 685,000

Credit (90%) 4,410,000 6,165,000

b) Each quarter of the next year:

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Budgeted

Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000

Cash (10%) 460,000 510,000 500,000 760,000

Credit

Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000

Explanation:

a) Data and Calculations:

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Budgeted

Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000

Cash (10%) 460,000 510,000 500,000 760,000

Credit

Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000

Current Year Quarter 3 Quarter 4

Budgeted Sales $4,900,000 $6,850,000

Cash (10%) 490,000 685,000

Credit (90%) 4,410,000 6,165,000

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Suver Corporation has a standard costing system. The following data are available for June

Anettt [7]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The actual quantity of direct materials purchased 20,000 pounds.

standard price of direct materials $ 7.00 per pound.

Material price variance $ 5,000 Unfavorable.

Material quantity variance S 2,500 Favorable.

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (7 - AP)*20,000

5,000= 140,000 - 20,000AP

20,000= 145,000AP

Actual price= 7.25

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3 years ago

Select all that apply. Select all the items that describe the benefits that consumers may receive from more sellers in the marke

Orlov [11]

The following apply:
1. Better quality of goods and services.
2. Improved customers services.
3. More variety of goods and services.
There are some benefits that customers derived from competition. Parts of the benefits are listed above. Competition encourages businesses to improve the quality of their products and services and place reasonable prices on their products.

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3 years ago

Economic Order Quantity computes:

Mamont248 [21]

Answer:

D: Optimum Order size

Explanation:

Economic Order Quantity (EOQ) is a formula applied in logistic and supply chain management to calculate a business's ideal order size. As the name suggests, the order EOQ provides an order quantity that makes economic sense.

Economies of scale suggest that a bigger order size is better because the business will save transport costs. However, ordering in large quantities increases the cost of holding stock. The economic order quantity strikes a balance between these two important factors.

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3 years ago

Amy Parker, a 22-year-old and newly hired marine biologist, is quick to admit that she does not plan to keep close tabs on ho

lakkis [162]

Answer:

Final Value= $370,481.13

Explanation:

Giving the following information:

Amy's contribution, plus that of her employer, amounts to $2,150 per year starting at age 23. Amy expects this amount to increase by 3% each year until she retires at the age of 57 (there will be 35 EOY payments). Interest rate= 5%.

<u>First, we will add the growth of the deposits to the interest rate:</u>

Interest rate= 0.03 + 0.05= 0.08

Now, to calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,150

i= 0.08

n= 35

FV= {2,150*[(1.08^35)-1]}/ 0.08= $370,481.13

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3 years ago

How are bonds rated? how are these rating helpful to the investors?

Lorico [155]

Answer:

Independent agencies; reliability and stability

Explanation:

Bonds are securities which help to raise funds. Bonds generally rated by independent agencies, which rate bonds based on their performance and reliability. Independent agencies forecast the future prices of bonds based on historical data. Investors highly rely on bond ratings because it helps them to identify the best investment decision. Investors usually invest in bonds which are rated higher due to their reliability and future predictions.

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3 years ago