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Zinaida [17]
4 years ago
10

Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials b

udgets are as follows. Sales. Sales for the year are expected to total 1,100,000 units. Quarterly sales are 19%, 25%, 24%, and 32%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 15% higher than the budgeted sales for the first quarter of 2020. Production. Management desires to maintain the ending finished goods inventories at 20% of the next quarter’s budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $12 per pound. Management desires to maintain raw materials inventories at 10% of the next quarter’s production requirements. Assume the production requirements for first quarter of 2021 are 490,000 pounds. Prepare the sales, production, and direct materials budgets by quarters for 2020.

Business
1 answer:
qwelly [4]4 years ago
4 0

Answer:

See explanation

Explanation:

See the image to get your answer

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Holly's is currently an all-equity firm that has 12,000 shares of stock outstanding at a market price of $36 a share. The firm h
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$31,104

Explanation:

EBIT / 12,000

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Therefore the minimum level of earnings before interest and taxes that the firm is expecting will be $31,104

8 0
4 years ago
Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh
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Answer:

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5 0
3 years ago
Question 13 of 20
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Answer:

he answer is : He likely did not cite his research, and committed plagiarism.  Todd's manager has asked him to write a report on ways to increase safety in the warehouse. Todd used the Internet to research statistics and recommendations for improving safety in the workplace. He feels like he pulled together a really strong document and that his manager will be pleased. However, when he is called into his manager's office, his manager is concerned and tells him that he has been unethical in his work.  He likely did not cite his research, and committed plagiarism.   It is the practice of taking someone else's work or ideas and passing them off as one's own.

Explanation:

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