Is it ethical for them to take credit for supporting a charity if they are donating just pennies of each purchase?

Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory i

xeze [42]

Answer:

230

Explanation:

Calculation for Champ’s budgeted production (in units) for May

CHAMP INC.

Production Budget For month ended May 31

Sales during the month 230

Less: Opening Stock (138)

(60%*230)

Sales units required to produce in May 92

(230-128)

Sales during June 230

Add: Closing stock of May 138

(230*60%)

Budgeted production (in units) for May: 230 (138+92)

Therefore Champ’s budgeted production (in units) for May will be 230

8 0

2 years ago

The following items were included in Castle City's General Fund expenditures for the year ended June. Personal computer for the

ad-work [718]

Answer:

$0

Explanation:

Capital assets are useful items that a business intends to keep beyond the current financial year. They are assets held for personal or investment purposes. Capital assets exclude items meant for sale in the current financial period.

Capital assets are used in the business operations to generate more revenues for the company. They are assets with a use-life that is greater than one year. Castle City General purchased a computer to be used by the city's treasurer. Castle City General will not use this item; hence it will not help in generating any revenues. The Furniture is for the mayor's office, and not the Castle City operations. These two purchases will not be included in Castle City books as capital expenditures.

8 0

3 years ago

Who stated in the 1800s that matter is made of tiny particles called atoms that are indivisible. He thought they were solid litt

Wittaler [7]

Democritus is the right answer

4 0

2 years ago

Read 2 more answers

Hunter's Home Remodeling had cash sales for the month of May totaling $43,700. Hunter offers a 1−year warranty on its construc

Angelina_Jolie [31]

Answer:

warranty expense 2,622 debit

warrant liability 2,622 credit

Explanation:

it will declare a warranty liability equal to the expected cost of the warrant. This is done to match the expenses with the time they occur.

Because, the warrants will be claimed in the subsequent years or the sales made this period.

warrant liability/expense: 43,700 x 6% = 2,622

6 0

3 years ago

M. Fields, Inc. wishes to accumulate $1,000,000 to be used to pay off a loan at the end of 10 years. How much will M. Fields dep

sveticcg [70]

Answer:

c) $56,984

Explanation:

First, kindly find attached the completion of the question including the multiple choices below

Round your answer to the nearest dollar.

Select the appropriate factor for your calculation:

Future Value of $1: 3.10585

Future Value of an Annuity of an Ordinary Annuity: 17.54874

a) 45,586 b) $33,334 c) $56,984 d)$26,432

Solution

First, we pull out important information as follows

The future value of the accumulation is $1,000,000, therefore, the future value of the ordinary annuity (17.54874) will be used.

Secondly,we now need to calculate the amount to be invested now, to bring an accumulation of $1,000,000, which we call x

The future value= x ( Future Value of an Annuity of an Ordinary Annuity)

= 1,000,000 = x (17.54874)

= $1,000,000 = 17.54874x

x= $1,000,000 / 17.54874

The amount to invest = $56,984

4 0

3 years ago