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sergejj [24]
2 years ago
5

Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory i

s 138 units. Compute Champ’s budgeted production (in units) for May.
Business
1 answer:
xeze [42]2 years ago
8 0

Answer:

230

Explanation:

Calculation for Champ’s budgeted production (in units) for May

CHAMP INC.

Production Budget For month ended May 31

Sales during the month 230

Less: Opening Stock (138)

(60%*230)

Sales units required to produce in May 92

(230-128)

Sales during June 230

Add: Closing stock of May 138

(230*60%)

Budgeted production (in units) for May: 230 (138+92)

Therefore Champ’s budgeted production (in units) for May will be 230

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A business-cycle expansion is different from economic growth. <br> a. True <br> b. False
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Your answer is going to be true. 
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3 years ago
An insured stops making payments on a loan taken from his cash value policy. What will most likely happen
Mariana [72]

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

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3 years ago
Ten-year-old sarah and 5-year-old haley were making a special birthday card for their grandmother. by patiently showing haley ho
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Answer:

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Explanation:

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4 0
3 years ago
Which of these statements best represents the law of supply?
Dafna1 [17]

Answer:

The correct answer would be option C, When the price of a good decreases, sellers produce less of the good.

Explanation:

According to the law of supply, when the price of the product increases, the quantity supplied also increases.

This theory suggests that there is a direct relationship between the price of the product and the quantity supplied of the product. So when the price of a good decreases, sellers produce less of the good.

6 0
3 years ago
This year, Callie and Neil formed the equally owned CN partnership. Callie contributed $300,000 of cash and Neil contributed rea
Nitella [24]

Answer:

1. a. Callie =$375,000

b. Neil $25,000

2. Equal

Explanation:

The computation of given question is shown below:-

1. Adjusted Callie contribution = $300,000

Neil contribution = $100,000 × 50%

= $75,000

Callie basis in partnership interest after the formation = $300,000 + $75,000

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Neil contribution = $100,000 × 50%

= $75,000

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2. Equal or in Profit-Loss Sharing Ratio

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