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3 years ago

7

Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,

are referred to as _____.

1 answer:

nlexa [21]3 years ago

4 0

Its called convenience products

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Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:

kondaur [170]

The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>

6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

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7 0

2 years ago

Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u

Travka [436]

Answer:

Budgeted overhead= $283,400

Explanation:

Giving the following information:

Production:

October= 192,000

variable overhead is applied at a rate of $0.70 per unit of production.

Fixed overhead equals $149,000 per month.

To calculate the budgeted overhead, we need to determine the total variable overhead for the month:

Budgeted overhead= fixed overhead + total variable overhead

Budgeted overhead= 149,000 + 0.7*192,000

Budgeted overhead= $283,400

6 0

3 years ago

In 2 hrs, Whitney can make 4 dozen cookies or 2 peach tarts. Her friend, Amy, can make 7 dozen cookies or 1 peach tart.

bogdanovich [222]

Answer: 4 dozen cookies and 1 peach tart

Explanation:

Whitney can make:

4 dozen cookies or 2 peach tarts in 2 hours

Amy can make:

7 dozen cookies or 1 peach tart in 2 hours

Here, we assume that there is only 2 hours of production

Cookies:

If Whitney specialize in cookies and there is no production of tart but only the production of cookies by Whitney, then,

Total production of cookies = 4 dozen cookies

Tart:

If Amy specialize in peach tart and there is no production of cookies but only the production of peach tart by Amy, then,

Total production of peach tart = 1 peach tart

3 0

3 years ago

__________ Is not just for technology companies. Haemonetics, a blood management solutions company, purchased Hemerus Medical wh

aliina [53]

Answer:

B) Innovation by Acquisition.

Explanation:

<u>Innovation by Acquisition </u>Is not just for technology companies.

We can analyze this statement from the example contained in the question above. For the acquisition of Hemerus Medical, by Haemonetics, a blood management solutions company, provided access to innovative blood collection and storage techniques.

Therefore, the acquisition innovation strategy is effective in all organizational segments, as the acquisition of a new company can give access to new forms of operation, new technologies, methods and procedures that will guarantee the innovation and the improvement of the systems of a company. organization.

8 0

3 years ago

Read 2 more answers

Based on the data below, how would the inventory appear on the balance sheet, assuming that the lower of cost or market is used

Mashcka [7]

Answer:

On the balance sheet, the inventory would appear as:

Inventory $248,000

Explanation:

In the notes to the accounts, the method of determining the cost and the method of valuing the inventory would be disclosed. It is not disclosed on the balance sheet, but on the notes to the accounts.

It would make the balance sheet appear unorganized to include details that should have been included in the notes. The presentation of information is very important in order to ensure that those reading the information understand it. Understanding is not aided by including information that could be displayed elsewhere.

8 0

3 years ago