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lisabon 2012 [21]
3 years ago
14

Schrank Company is trying to decide how many units of merchandise to order each month. Company policy is to have 25% of the next

month's sales in inventory at the end of each month. Projected sales for August, September, and October are 44,000 units, 34,000 units, and 54,000 units, respectively. How many units must be purchased in September
Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

56,000 units

Explanation:

The computation of Units to be Purchased in September is shown below:-

= (Sales) + (Ending Inventory for September) - (Opening Inventory for September)

= 34,000 + (25% × 54,000) - (25% × 34,000)

= 34,000 + 13,500 + 8,500

= 56,000 units

Therefore for computing the Units to be Purchased in September we simply applied the above formula.

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Gard Inc. has compiled the following information related to its five products. Costs of disposal are estimated to be 10% of sell
Ber [7]

Answer:

Item           Inventory at the lower-of-cost-or-market

 #1                                    $214.50

 #2                                  $240.00

 #3                                  $266.50

 #4                                   $315.00

 #5                                  $422.50

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See attached pdf file for the complete question.

Also note: See the attached excel file for the determination of the value of inventory by applying the lower-of-cost-or-market rule.

From the attached excel file, we have:

Item           Inventory at the lower-of-cost-or-market

 #1                                    $214.50

 #2                                  $240.00

 #3                                  $266.50

 #4                                   $315.00

 #5                                  $422.50

Download xlsx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> xlsx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
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Proven oil reserves are those that humans can extract oil from given our current technological and economic situations.

Under Proven oil reserves there are those that are Proven developed and those that are Proven Underdeveloped. Proven Developed ones can be extracted from as they come from already existing wells. Proven Underdeveloped however would need further investment to get them ready.

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