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3 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget:

Business

1 answer:

frosja888 [35]3 years ago

4 0

Answer:

Morganton Company

The total estimated cash disbursements for raw materials are:

$174,776.40

Explanation:

a) Data and Calculations:

Budgeted selling price per unit = $60

June July August September

Budgeted unit sales: 9,200 23,000 25,000 26,000

Ending finished goods 4,600 5,000 5,200

Units of goods sold 23,000 25,000 26,000

Units available for sale 27,600 30,000 31,200

Beginning finished goods 4,600 5,000 5,200

Units produced 25,400 26,200

Raw materials required 101,600 106,000

Ending raw materials inventory 10,600

Raw materials available 112,200

Beginning raw materials 10,160

Raw material purchases 102,040

Cost raw materials purchases $255,100 (102,040 * $2.50)

30% of purchases paid for $76,530 ($255,100 * 30%)

70% of June purchases 98,246.4 ($140,352 * 70%)

Cash disbursement of materials $174,776.40

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Ben and Chris combined their love of football with a business venture. They purchased a small portable cart and began selling fo

wolverine [178]

Answer: Option C

Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.

In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.

Thus, from the above we can conclude that the correct option is C.

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3 years ago

Consider public policy aimed at smoking.

andreyandreev [35.5K]

Answer:

1. government shoud increase price by 50%. so it would be $3

2. larger effect 5 years from now

3. this is true due to their limited finance compared to adults

Explanation:

1. prices elasticity = % change in quantity demanded ÷ % change in price

price elasticity = 0.4

% change in dmd = 20%

% change in price = ?

$0.4=\frac{0.20}{?}$

we cross multiply

? = 0.20/0.4

= 0.5

= 50%

so if the government wants to reduce smoking by 20%, it has to increase the price of cigarettes by half of its price= $2 + $1 = $3

2. goods usually have more elastic demand as time goes on. So if cigarette price is permanently raised, it would have a bigger effect five years from now. This is based on the fact that the people may not feel short run effect of the increase as they would in the long run. But gradually given this increase, people may start to gradually reduce their smoking.

3. The effect of the change in price would be more felt on the teenagers. this is due to the fact that they have limited financial strength compared to adults. Also they are new to smoking compared to the adults and are more likely to be less involved in the habit.

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3 years ago

A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be re

adell [148]

Answer:

Zero, because the selling of fixed asset is reported as cash inflow under investing activity.

Explanation:

Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.

So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.

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3 years ago

Wynona Corp’s production cost data for the current period is: Beginning work in process inventory: 20,000 units Units started in

Sliva [168]

Answer:

30,200 units

Explanation:

We have at the begining 20,000 units in process and during the period studied an additional bulk of 15,000 units starts it production, so:

During the studied period, (20,000+15,000) 35,000 are produced, but as at the end of the period we have 6,000 unit as work in progress, only 35,000-6,000= 29,000 units are finished.

So, we have 29,000 finished units+ 6,000 work in progress units.

The work in process units are equivalent to: 6,000 units*0,2= 1,200 equivalent units.

Total equivalent units= 29,000+ 1,200 = 30,200 Units

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4 years ago

What is known as the accounting equation?

Ksenya-84 [330]

Answer:

Also known as the balance sheet equation, the accounting equation formula is Assets = Liabilities + Equity. ... In other words, all uses of capital (assets) are equal to all sources of capital (debt: liabilities and equity).

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3 years ago