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SashulF [63]
3 years ago
10

What advice or tips does Lauren Haugen have for people who are learning to manage their finances?

Business
1 answer:
Nesterboy [21]3 years ago
7 0

Answer: Save back for if something urgent happens. Put saving in one account and seperate that from your weekly paychecks because saving and paychecks need to be divided apart so you can live on your weekly income and take a little bit out of the main income and put it in the savings due to inflation it is becoming harder to do such a thing

Explanation: Great!

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Production Budget
Yakvenalex [24]

Answer:

Stillwater Designs

<u>Production Budget for S12L7 </u>

For the Year Ended December 31, 20X1

                                                     1st Qtr.       2nd Qtr.      3rd Qtr.      4th Qtr.

Sales                                              1,120           3,080         7,840          6,440

Desired ending inventory              616            1,568          1,228            252

Total needs                                   1,736           4,648         9,068          6,692

Less: Beginning inventory             (340)          (616)          (1,568)         (1,228)

Units produced                           1,396            4,032        7,500           5,464

Stillwater Designs

<u>Production Budget for S12L5 </u>

For the Year Ended December 31, 20X1

1,680

                                                    1st Qtr.         2nd Qtr.      3rd Qtr.       4th Qtr.

Sales                                              1,820            1,960          7,420           5,460

Desired ending inventory               588           2,220           1,638              504  

Total needs                                   2,408           4,180            9,058          5,964

Less: Beginning inventory              (170)              (588)          (2,220)        (1,638)

Units produced                            2,238           3,592            6,838         4,326

Explanation:

Production Budget shows the quantities of finished goods that must be produced to meet expected sells plus any increase of inventory levels that might be required.

8 0
3 years ago
Recording sales, returns, and discounts taken LO P2 Prepare journal entries to record each of the following sales transactions o
OLEGan [10]

Answer:

Apr. 1

J1

Trade Receivable $6,600 (debit)

Sales Revenue $6,600 (credit)

J2

Cost of Sales $3,960 (debit)

Merchandise $3,960 (credit)

Apr. 4

J1

Sales Revenue $740 (debit)

Trade Receivable $740 (credit)

J2

Merchandise $444 (debit)

Cost of Sales $444 (credit)

Apr. 8

J1

Trade Receivable $2,800 (debit)

Sales Revenue $2,800 (credit)

J2

Cost of Sales $1,960 (debit)

Merchandise $1,960 (credit)

Apr. 11

Cash $5,860 (debit)

Trade Receivable (credit)

Explanation:

Perpetual method of inventory keeps a record of cost of inventory after every sale.

Thus, for every sale transaction remember to recognize the Sales Revenue and the Cost of Sales that follow the sale.

For any returns, De-recognize the Sales Revenue - to the extend of the <em>credit granted</em> and also de-recognize the Cost of Sales to the extend of the <em>value of Inventory returned</em>.

4 0
3 years ago
If interest rates in general were to fall, 1. the prices of existing bonds would rise 2. the prices of existing bonds would fall
IRINA_888 [86]

Answer:

1. the prices of existing bonds would rise

Explanation:

General Interest rates and price of a bond are inversely related. The market interest rate also reflects an investors expected rate of return also referred to as yield to maturity i.e YTM.

Mathematically, price of a bond is the present value of it's future stream of coupon payments as well as principal repayments discounted at investors expected rate of return i.e YTM.

So, when market interest rates fall in general, this would lead to a rise in the price of bonds as general interest rates represent yield to maturity.  

7 0
3 years ago
A manager states that his process is really working well. Out of 1,500 parts, 1,477 were produced free of a particular defect an
worty [1.4K]

Answer:

, other things being equal?DPMO= # of defects/# of opportunities for error per unit x # of units (1,000,000)DPMO= 23/1500 x 1,000,000 or DPMO= 23/1,500,000,000 or DPMO= 1.53The 1.53 is within the target specification of Six Sigma. This performance is rated as within limits means the process is working well. The product is within the limits of the defects allowed based off the1500 parts or the “four defects per million units

Explanation:

5 0
3 years ago
At the end of the current year, using the aging of receivable method, management estimated that $28,500 of the accounts receivab
lyudmila [28]

Answer:

Adjusting entry the company made to record its estimated bad debts expense:

Bad Debts Expense 29,300

Allowance for Doubtful Accounts 29,300

Explanation:

The company uses the aging of receivable method to estimate uncollectible.

Estimated uncollectible would be $28,500

Before year-end adjustments, the Allowance for Doubtful Accounts had a debit balance of $800

Bad debts expense = $28,500 + $800 = $29,300

Adjusting entry the company made to record its estimated bad debts expense:

Bad Debts Expense 29,300

Allowance for Doubtful Accounts 29,300

3 0
3 years ago
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