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sp2606 [1]
2 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]2 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

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Answer:

Direct marketing and interactive marketing.

Explanation:

In a case of direct marketing here, they do research, identify customers, select media (TV, direct mail, internet), and create a campaign. But rather than guess whether the message worked, they track the consumer's response. How many people (and of what age, ethnic group, income level) called the number in the catalog, clicked the button on the website, or went to the store for their gift with purchase. This is because direct marketers can measure the results, they can make the next campaign even better.

While in the other hand, interactive marketing explained to be the fastest growing form of marketing where sellers do chats and explanations that comes off as convincing approach of their products to their buyers, this could be physically or online.

4 0
3 years ago
One disadvantage of a partnership is lower monitoring costs. limited liability. difficulty raising funds. it permits greater spe
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The correct answer is difficulty raising funds.

If a business is owned by a partnership, the company is limited to the amount of money that the partners have to invest. This is different from corporation, because when this type of business needs for funds they can sell more stock.

3 0
2 years ago
The country of Lessidinia has a tax system identical to that of the United States. Suppose someone in Lessidinia bought a parcel
kati45 [8]

Answer:

after tax real rate of capital gain = - 30%

so correct option is B. -30 percent

Explanation:

given data

bought land = 20,000 foci

price Index = 100

sold land = 100,000 foci

price index = 600

tax rate = 20 percent

to find out

Compute the taxes on the nominal gain and the change in the real value of the land and after-tax real rate of capital gain

solution

first we get here tax on nominal gains that is express as

tax on nominal gains = tax rate × gain

tax on nominal gains = 20% × ( 100,000 - 20,000 )

tax on nominal gains = 16000 foci

and

Real gain is here as

Real gain = sold land - price index ( bought land )

Real gain = $100,000 - 6 ( 20000)

Real gain = - $20000 foci

and

now after tax real rate of capital gain will be here as

after tax real rate of capital gain = (Real gain - tax on nominal gains ) ÷ ( sold land - real gain )   × 100

after tax real rate of capital gain = \frac{-20000-16000}{120000}  × 100

after tax real rate of capital gain = - 30%

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5 0
3 years ago
What are the steps involved in identificaton of risk analysis?
Charra [1.4K]

Answer:

the steps are

1.

2.

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4.

Explanation:

these are the steps because in order to get the analysis you need to go through these steps

7 0
3 years ago
Q 4.35: McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekl
hjlf

Answer: Understatement, $30,900

Explanation:

There will be an UNDERSTATEMENT of McGinnis' net income for the most recent fiscal year of $30,900.

The Understatement arises because as of year end which is June 30th, McGinnis were not paid for their services that cost $40,900 and instead will only be paid on the 8th of the next month so it was not accounted for in the net income.

The reason the net income understatement is $30,900 and not $40,900 is because McGinnis will still have to account for the payment to it's employees. If in a five day week they earn $12,500, that would mean that they earn $2,500 a day (12,500/5). Seeing as June ended on a Thursday, that is a 4 day week which means $2,500*4= $10,000.

That $10,000 will reduce the net income by that amount.

The net effect is a $30,900 UNDERSTATEMENT.

4 0
3 years ago
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