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n200080 [17]
4 years ago
9

Saphire Company budgeted the following production in units for the second quarter of the year:

Business
1 answer:
Ugo [173]4 years ago
6 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

April 45,000

May 38,000

June 42,000

Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.

A) Budgeted production= sales + desired ending inventory - beginning inventory

Budgeted production:

Sales=38,000

Ending inventory= 42,000*0.3= 12,600

Beginning inventory= 38,000*0.3= (11,400)

Total= 39,200

B) Desired beginning inventory= budgeted sales*30%

Beginning inventory= 42,000*0.3= 12,600

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The correct answer is letter "E": goal.

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Goals represent the objectives companies set to accomplish over a specific period and represent the reason why the firm takes several methodical steps towards achieving that mission. Goals can be <em>quantified </em>and <em>measured </em>to verify inf they are achievable.

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The exercise price of the options is $100 per share, all options are European and the stock does not pay any dividend. The call
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Answer:

Stock Price is $98.70

Explanation:

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we will use here Put Call Parity for find out Stock Price that is express as

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3 years ago
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