1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sp2606 [1]
3 years ago
15

Fill in the blanks to complete the sentence. A manufacturing company has budgeted production at 5,000 units for May and 4,400 un

its in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. On May 1, there are 2,750 pounds of materials on hand. The company desires an ending inventory of 60% of the next month's materials requirements. The total cost of direct materials purchases for May will be $ .
Business
1 answer:
GarryVolchara [31]3 years ago
3 0

Answer:

Direct material purchases in May = 21,670× $10= $216,700

Explanation:

Material purchase budget is determined by adding the closing inventory of material to the material usage budget less the opening inventory.

Material budgets for May will be prepared as follows:

Materials needed for May production = 5,500 × 3 = 16,500

Materials needed for June production = 4,400× 3= 13,200

Closing inventory of raw material in May =60% × June requirement = 60% × 13,200 =7,920

 Material purchase budget for February = Usage budget + closing inventory - opening inventory

= 16,500 + 7,920- 2,750=21,670

Direct material purchases in May = 21,670× $10= $216,700

You might be interested in
Cold Goose Metal Works Inc. is considering a one-year project that requires an initial investment of $500,000; however, in raisi
andrezito [222]

Answer:

The rate of return expected on this project by Cold Goose Metal Works Inc. is 15.20%

Explanation:

Since flotation cost is 4% that implies that $500,000 is actually 96% (100%-4%) of the cash proceeds from the capital funding,hence funds raised is computed thus:

funds raised=$500,000/0.96=$520,833.33  

Annual return on investment=cash inflow-initial cash outflow

cash inflow is $600,000

cash outflow  is $520,833.33  

annual return on investment=$600,000-$520,833.33=$79166.67

rate of return on project=annual return on investment/initial investment

                                        =$79,166.67 /$520,833.33*100=15.20%

The rate of return that Cold Goose Metal Works Inc is 15.20%

6 0
3 years ago
Which investment is the riskiest, but has the potential to earn you the most money? savings account stocks treasury bonds munici
Rudik [331]
Sorry you never got an answer and are only getting one after 2 years :(
But for everyone in the future who wants to use this for help the answer is Stocks!
7 0
3 years ago
Read 2 more answers
Which of the following statements concerning chloroplasts is false?
ziro4ka [17]

Answer:

D) They are unrelated to plastid

Explanation:

Chloroplasts -

It is one of the organelles present in the plant cell , which is responsible for the process of photosynthesis .

The structure of a chloroplast , has two membranes one outer membrane and one inner membrane . The composition of chloroplast have stack of thylakoids , which are responsible for the photosynthesis .

This organelle is also called a plastid .

Hence , the incorrect statement is ( d ) .

8 0
3 years ago
you borrowed $4 from your roomate to buy backup calculator batteries on the way to the exam. the next day, you repaid the $4 plu
LiRa [457]

Answer:

0.2840 or 28.40%

Explanation:

The formula for EAR= (1 + i/n)^n - 1

Where i= stated interest rate

n= number of compounding periods

In this case since the interest he paid is 1 cent, to convert it into percentage, we divide it by the dollar and multiply by 100

Note: 100 cent = 1 dollar

Therefore 4 dollars= 400 cents

To get the Interest rates= 1/400 x 100

= 0.25

n= 365 since we are computing daily

(1 + 0.25/365)^365 - 1

(1 + 0.000685)^365 - 1

(1.000685)^365 - 1

1.2840 - 1

0.2840 or 28.40%.

3 0
3 years ago
lord penrose a financial analyst for the equitable life insurance society has just been asked to evaluate two mutually exclusive
spin [16.1K]

Answer:

The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance ... Lord Penrose's 2004 Equitable Life Inquiry found that the company had made ... Both types of bonus were allocated at the discretion of the directors in ... between a fixed Guaranteed Annuity Rate (GAR) or the Current Annuity Rate ...

Explanation:

4 0
3 years ago
Other questions:
  • Betty's job entails detecting problems such as embezzlement, waste, mismanagement, and employee theft at her organization. in th
    10·1 answer
  • Wages salaries expense is equal towhat?
    7·1 answer
  • Waterway Industries purchased a depreciable asset for $610000 on January 1, 2018. The estimated salvage value is $61000, and the
    11·1 answer
  • Why do governments exist? (Choose three responses)
    11·2 answers
  • Rs.4000 becomes Rs.8000 in 10 years .What is the rate of interest ?​
    8·1 answer
  • A bond's current market value is equal to the present value of the coupon payments plus the present value of the face amount.a.
    12·1 answer
  • . For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual in
    7·1 answer
  • The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen
    14·1 answer
  • Which of the following is a collaboration of software​
    6·1 answer
  • Tom cruise wore bausch and lomb's ray-ban sunglasses in the movie risky business, and sales skyrocketed. the appearance of the s
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!