Answer:
8,955 units
Explanation:
Given that,
Sales in July = 9,500
Sales in August = 10,200
Sales in September = 6,050
Ending finished goods inventory = 30% of the next month's sale
Budgeted production units for August:
= Sales + Closing inventory - Opening inventory
= Sales + (30% of September sales) - (30% of August sales)
= 10,200 + (0.3 × 6,050) - (0.3 × 10,200)
= 10,200 + 1,815 - $3,060
= 8,955 units
Answer and Explanation:
The computation of the asset turnover for all three companies is as follows:
<u>Particulars YRC UNP CH
</u>
Sales 4697500 19941000 13144413
Divided by
Average
total assets 1824700 55159000 3436058
Assets turnover 2.6 0.4 3.8
Answer:
The Journal entry is as follows:
Construction in progress A/c Dr. $950,000
Cost of construction A/c Dr. $1,600,000
To revenue from long term contracts $2,550,000
(To record the revenue in 2018)
Workings:
Cost of construction:
= cost of 2017 + cost of 2018
= $1,100,000 + $500,000
= $1,600,000
Answer:
-2.5
Explanation:
Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 800 - 1,000 ) / [ ( 800 + 1,000 )/2 ]
Change in Quantity = -200 / 900
Change in Quantity = -0.2222222
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $35 - $32 ) / [ ( $35 + $32 )/2 ]
Change in price = $3 / $33.5
Change in price = 0.090
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = -0.2222222 / 0.090 = -2.5
Elasticity of Supply = 0.597 = 0.60
