Answer:
Direct material purchase budget for July and August= <u> $10634</u>
Explanation:
T<em>he material purchases budget is determined by adding the the closing stock of materials to the material usage budget and subtracting the opening inventory of materials.</em>
<em>Material purchase budget= Material usage budget + closing inventory - opening inventory</em>
Material budget=
Unit
July = 300×12 = 3600
August = 360 × 12 = <u>4320 </u>
7920
Closing inventory <u>260</u>
8180
cost per unit <u> × $1.30</u>
<u> $10634</u>
Direct material purchase budget for July and August= <u> </u><u>$10634</u>
Answer: Comparability
Explanation:
Comparability describes information that is measured and reported in a similar manner for different companies. It helps users understand the real similarities and differences in economic activities between companies.
Answer:
The RB37 is most likely in the decline stage of the product life cycle
Explanation:
The decline stage of the product life cycle is associated with decreasing revenue due to market saturation, high competition, and changing customer needs. Companies at this stage have several options: They can choose to discontinue the product, sell the manufacturing rights to another business that can better compete or maintain the product by adding new features, finding new uses for the product, or tap into new markets through exporting. This is the stage where packaging will often announce “new and improved.”
Answer:
$6,000
Explanation:
Calculation to determine How much of the 2019 dividend was distributed to preferred shareholders
Dividend distributed to preferred shareholders=Shares of 6%, $10 par non-cumulative preferred stock
Let plug in the formula
Dividend distributed to preferred shareholders=(10,000 ×$10) × .06
Dividend distributed to preferred shareholders = $6,000
Therefore How much of the 2019 dividend was distributed to preferred shareholders will be $6,000
Answer: Option E: E.Just because one firm receives a 3.20 overall rating and another receives a 2.80 in a CPM, it does not necessarily follow that the first firm is precisely 14.3 percent better than the second, but it does suggest that the first firm is better in some areas is TRUE
Explanation:
Because one firm receives a 3.20 overall rating and another receives a 2.80 in a CPM, it does not necessarily follow that the first firm is precisely 14.3 percent better than the second, but it does suggest that the first firm is better in some areas.
The former firm received such high rating most times because of pedigree or experience or winning rate which does not judge it better than the latter firm in all areas.
