A Golf company detemined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 60,000 units on hand, the sales department budgeted sales of 225,000 units in June, and the company desires to have 90,000 units on hand on June 30. The budgeted cost of goods sold for june would be:_____.

Answers

Answer 1

Answer:

Budgeted cost of goods sold = $7,650,000

Explanation:

Computation table for budgeted cost of goods sold

Particular                                          Amount

Total Sales                                 225,000

Add: Desired stock in hand         90,000

Less: Beginning stock             60,000  

Budgeted production                 255,000

Budgeted cost of goods sold = 255,000 x $30

Budgeted cost of goods sold = $7,650,000


Related Questions

Your manager has asked you and several colleagues to brainstorm ideas for better addressing the challenges and opportunities of today’s workforce. Which of the following issues will you and your colleagues be thinking about?

Resilience to severe economic shocks, such as the one experienced in 2007–
2008, and general economic uncertainty
Increased diversity, including but not limited to gender and ethnicity

The role of quality in providing value to customers and reducing costs

Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects

Answers

Answer:

Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects

A $10 million investment in 90 day T-bill has a 1.5% quoted yield. An equivalent size 180 day CD has a 1.6% quoted yield. Which security offers the better return

Answers

The 90-day T-bill with a quoted yield of 1.5% offers a better return than the 180-day CD with a quoted yield of 1.6%.

What is a better return?

Comparatively, we need to annualize the returns to determine the security that offers the better return.

The 90-day T-bill with a quoted yield of 1.5% is compared with the 180-day CD with a quoted yield of 1.6% annually.

Data and Calculations:

                                   Treasury Bill        Certificate of Deposits

Investment costs         $10 million                 $10 million

Quoted yield per 90 days 1.5%

Quoted yield per 180 days                              1.6%

Annualized yield =      $600,000                   $320,000

  ($10,000,000 x 1.5%) x 360/90     ($10,000,000 x 1.6%) x 360/180

Thus, the 90-day T-bill with a quoted yield of 1.5% offers a better return than the 180-day CD with a quoted yield of 1.6%.

Learn more about annualized returns at https://brainly.com/question/15326227

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sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginning of the subscription period. On April 1, 2021, total sales of one-year subscriptions are $12,000. What adjusting entry does WatchTV need to record on December 31, 2021

Answers

Answer:

a. Debit deferred revenue and credit service revenue for $9000.

Explanation:

Note: The full question is attached as below

Subscription earned for 9 months = $12000 / 12 * 9

Subscription earned for 9 months = $9,000

Date                 Account titles              Debit    Credit

Dec 31, 2021    Deferred revenue       $9,000

                             To Service revenue                $9,000

1 Which does not shift the production possibility curve outwards?
A higher prices
B higher productivity levels
C improved education and healthcare
D technological advances

Answers

Answer: A

Explanation:

The Production Possibilities Curve is a curve to show a country/nation's capability to produce something at their current state. Shifting the PPC outwards means there is some kind of an advancement to the countries' resources, technology, etc. Which increases their capacity, making it  possible to reach what was initially unobtainable due to scarcity. Higher prices are usually discussed with demand/supply curves, but even then it does not change the curves since it only increases the quantity supplied or demanded (Ceteris Paribus). Even if something is set at higher prices, that only affects the businesses that go with it. The entire capability of the nation would still stay the same. Is this from AP Macroeconomics?

Why calculating the unit price of an item is useful when buying?
It helps you to check if the price is correct.
It helps you determine the best offer.
Helps you locate items in the store.
Determine if a coupon can still be used.

Answers

It helps you determine the best offer.

Tech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchasing. The channels for these types of products are often structured to be a. intensive. b. comparative. c. pulled. d. selective.

Answers

Answer:

A). Intensively.

Explanation:

From the question, we are informed about, how Tech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchasing. In this case , The channels for these types of products are often structured to be intensive. Intensive distribution channel could be regarded as a form of marketing strategy , it is apply when a company is making effort to sell out their goods/products to the range of small vendor and big store. As far this intensive is concerned, all available possible outlets is utilize to distribute the product.

.

Which type of loan is also known as a cash advance loan or a deferred deposit loan?

Answers

A payday loan


Explanation:

A payday loan is a short-term loan, generally for $500 or less, that is typically due on your next payday.

They are also known as cash advance loans, post-dated check loans, check advance loans or deferred deposit loans.

What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the risk-free rate is 3% and the expected market return is 10%?A. $69.44 B. $33.33 C. $32.05 D. $72.22

Answers

Answer: $32.05

Explanation:

Beta = 0.7

Dividend = $1.25

Growth rate = 4%

Risk free rate = 3%

Market return = 10%

Since, Required return = risk free rate + beta × (market rate - risk free rate)

We will then slot in the values and.this will be:

= 3% + 0.7 × (10% - 3%)

= 3% + (0.7 × 7%)

= 3% + 4.9%

=7.9%

The price of the stock will then be:

= D1/(Required return-Growth rate)

=1.25 / (0.079 - 0.04)

= 1.25 / 0.039

= $32.05

Make a comparison between the government’s roles in a capitalist economic system versus a socialist or communist economic system.

Answers

Answer:

see below

Explanation:

In a capitalist economy, the government does not interfere with the economic activities in the country. Its role is minimal and mainly regulatory. It ensures fair play and protects the workers' and customers' interests. The government may also engage in the provision of public goods and services.

In a socialist economy, the government makes all the economic decisions. It produces and distributes of all goods and services. The government makes a central plan that determines what is to be produced, the quantity, and their prices. Almost all the factors of production are controlled and owned by the government.

In many organizations, information flows much more freely within functions than it does across functions. __________ represents an expanded effort to overcome this tendency.

Answers

Answer:

Enterprise Resource Planning (ERP)

Explanation:

In many organizations, information flows much more freely within functions than it does across functions. Enterprise Resource Planning (ERP) represents an expanded effort to overcome this tendency.

Did you know that you can save 15 or more on car insurance by switching to geico??
;o

Answers

Answer:

wait really???

Explanation:

Did you know switching to Geico could save you 15% or more on car insurance?

During the year, the company produced and sold 40,000 units of product at a selling price of $14.43 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin for the year

Answers

Answer:

$392,200

Explanation:

Calculation for the contribution margin for the year

Using this formula

Contribution Margin= Sales-Variable costs

Let plug in the formula

Contribution Margin=(14.43 per unitsx 40,000 units) - $185,000

Contribution Margin=$577,200-$185,000

Contribution Margin=$392,200

Calculation for variable costs

Manufacturing $114,000

Marketing: 31,000

Administrative: 40,000

Total variable costs=$185,000

Therefore the contribution margin for the year will be $392,200

At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $52,000 for
accounts receivable. During January, the company collected $14,800 from customers on account and provided additional
services to customers on account totaling $12,500. Additionally, during January one customer paid Thomas $5,000 for services
to be provided in the future. At the end of January, the balance in the accounts receivable account should be:

Answers

Answer:

$49,700

Explanation:

Opening balance for accounts receivable:  $52,000

Add services provided on account :  $12,500

total due from customers :    $64,500

less payment received :    $14,800

Closing balance :      $49,700

The amount received as prepayment is not a receivable but a liability. Receivable refers to money owed to a business by customers for goods or services delivered by payment has not been made.

What is the present value of receiving $100 investment two years from now at a 10 percent annual discount rate

Answers

Answer: $121

Explanation:

The question simply wants us to find the present value of receiving $100 investment two years from now at a 10 percent annual discount rate.

This can be easily solved as follows:

For the first year, the $100 will be worth:

= $100 + ($100 × 10%)

= $100 + ($100 × 0.1)

= $100 + $10

= $110

The worth at the end of the second year will then be:

= $110 + ($110 × 10%)

= $110 + $11

= $121

For the current fiscal year, Purchases were $310,000, Purchase Returns and Allowances were $4,600 and Freight In was $25,000. If the beginning merchandise inventory was $190,000 and the ending merchandise inventory was $91,000, the Net Delivered Cost of Purchases is:________.

Answers

Answer: $330,400

Explanation:

Based on the values provided in the question, the net delivered cost of purchases will be:

Purchases = $310,000

Less: Purchases return = $4600

Add: Freight in = $25,000

Net delivered cost of purchases =$330,400

You should apply for several credit cards and use them even if you don't need them
in order to build your credit history.

True or False

Answers

Most likely false, because it doesn’t help your case.

Answer:

Flase

Explanation: this can hurt your credit

Additional information:During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

Answer:

Note: The full question is attached as picture below

       Statement of cash flow - Pharaoh Company

Cash Flows From Operating Activities

Net Income                                                     $780

Adjustment

Depreciation Expenses                $130

Gain On Sale Of Investment       -$70

Increase In Receivable                -$470

Decrease In Inventories               $240

Increase In Accounts Payable      $280

Decrease In Accrued Liabilities  -$70

                                                                         $40

Net Cash From Operating Activities            $820

Cash Flows From Investing Activities

Sale Of Long Term Investment   $190

(1400-1280)+70

Purchase Of Plant Assets           -$190           $0

Net Cash Used Investing Activities               $0

Cash Flows From Financing Activities

Repayment Of Bonds Payable     -$140

Issue Of Common Stock                $210

Payment Of Dividends                  -$260          

Net Cash From Financing Activities               -$190

Net Increase In Cash And Cash Equivalents  $630

Beginning Cash Balance                                     $1,130

Ending Balance                                                    $1,760

Is standardizing physical distribution function true or false

Answers

Answer:

Ture

Explanation:

.....................

Automobiles and many other products are differentiated. As a result Group of answer choices the quality of imported automobiles is less than it could be.

Answers

The available options are:

A) we see countries specializing completely in the production of automobiles.

B) the quality of imported automobiles is less than it could be.

C) different countries may each have a comparative advantage in producing different types of automobiles.

D) consumers of automobiles have difficulty deciding what type of imported automobile to buy.

Answer:

C) different countries may each have a comparative advantage in producing different types of automobiles.

Explanation:

According to the principle of comparative advantage, Automobiles and many other products are differentiated. As a result of "different countries may each have a comparative advantage in producing different types of automobiles."

This is evident in the fact that some countries may have a comparative advantage to produce Trucks than cars, while some may have a comparative advantage in producing caterpillar than Trucks.

This is also similar in a variety of other products. The comparative advantage could be based on raw materials, expertise, climates, etc.

Should Peterson Accounting have relied on the income statement and footnote information provided by Ms. Rivera’s accountant? Why or why not?

Answers

Answer:

The answer is an affirmative YES.  Peterson Accounting should have relied on the income statement and footnote information provided by Ms. Rivera's accountant because they provided additional information on valuation and also provided a uniform framework for rigorous assessment and evaluation of the assets.

Explanation:

However, reliance should not be automatic.  It should be based on the assessment of the qualification of Ms. Rivera's accountant and the internal controls in place, which helped the preparation of the income statement.

Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when relocation is involved, as development opportunities.

Answers

Answer:

The description according to another circumstance is summarized throughout the subsection below.

Explanation:

Younger employee transactions including advancement throughout particular on the change to investment opportunities whenever employers have a comprehensive relocation as well as transition strategy in anything other than a manner however to employee retention.

Almost all of the given opportunities to handle relocations or transitions:

Modification of incentives as well as payouts. Additional help in the sale or purchase of the property. Starting to move your spending.

Share information sufficiently about everything from the intent of displacement so it appears to either the individual whereby he or she is of importance to either the mission.

What is the equation used to calculate profit and loss?
a. Sales + cost of goods sold – other expenses b. Collateral + sales expenses
c. Sales - cost of goods sold – other expenses d. Sales - collateral – expenses​

Answers

Answer:

c. Sales - cost of goods sold – other expenses

Explanation:

A business is profitable when its revenues exceed expenses.  Revenue is the money realized from sales. Expenses are either direct expenses or indirect expenses.

Direct expenses refer to the costs that can be linked to a particular product. They include labor cost, materials, and factory overheads cost. Direct costs are also referred to as the costs of goods sold.

Indirect expenses are the operating cost of a business. They can not be traced to specific goods. They include items such as rent, internet, telephone, administrative salaries, and insurance.

Outline the initiatives that Woolworths have chosen, use to lessen their impact on environment.

Answers

They have decided to sell reusable plastic bags as a replacement to the non reusable plastic bags which were polluting the environment.

What is the percentage change in the PV of $100 due in 1 year when the interest rate changes from 5% to 10%?
a. Decreases by 60.6%
b. Decreases by 4.33%
c. Decreases by 4.5%
d. Does not change
e. Increases by 4.5%
f. Increases by 60.6%

Answers

Answer:

c. Decreases by 4.5%

Explanation:

Calculation for What is the percentage change in the PV

First step is to calculate the present value when r is 5%

PV = 100 / (1 + 5%)^1

PV = $95.24

Second step is to calculate present value when r is 10%

PV = 100 / (1 + 10%)^1

PV = $ 90.91

Last step is to calculate the percentage change in the PV

Percentage change in the PV = (90.91 - 95.24) * 100 / 95.24

Percentage change in the PV = - 4.55% (Decrease)

Therefore the Percentage change in the PV Decreases by 4.5%

As part of her retirement planning, Mrs. Campbell purchases an annuity that pays compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?

Answers

Answer: $88289.8

Explanation:

Here's the complete question:

As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?

The future value of an annuity will be calculated using the formula:

= A((1+r)^n)-1)/r

Where,

A = the annuity payment = 3500

r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375

n = the number of time periods = 4 × 5 = 20

We then substitute the values and we will get:

= A((1+r)^n)-1)/r

= 3000 × (1.02375^20-1) / 0.02375

= $88289.8

On January 1, a store had inventory of $48,000. January purchases were $46,000 and January sales were $90,000. On February 1 a fire destroyed most of the inventory. The rate of gross profit was 25% of cost. Merchandise with a selling price of $7,500 remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage. Label all figures.

Answers

Answer:

the amount of the fire loss is $16,000

Explanation:

The computation of the amount of the fire loss is shown below

January 1 inventory $48,000

Add purchases $46,000

Goods Available $94,000

Less Cost of Goods Sold ($90,000 × 100 ÷ 125) $72,000

Less Cost of undamaged goods ($7,500 × 100 ÷ 125) $6,000

Goods Lost by Fire $16,000

hence, the amount of the fire loss is $16,000

Stock prices and stand-alone risk You invest $100,000 in 40 stocks, 20 bonds, and a certificate of deposit (CD). What kind of risk will you primarily be exposed to?
a. Portfolio risk
b. Stand-alone risk
Generally, investors would prefer to invest in assets that have: _________.
a. A high level of risk and low expected returns
b. A low level of risk and high expected returns

Answers

Answer and Explanation:

The risk that primarily be exposed is portfolio risk as the portfolio risk is the risk in which the risk is associated with the overall portfolio. On the other hand the stand alone risk is the risk that is associated with the single one only.

Since in the given situation, there is a different type of investment this represents that this is a portfolio risk

The investor always prefer for less level of risk and the high expected return in order to maximize the investment return with lesser risk level

After year 3, free cash flows are expected to grow at a constant 5% a year indefinitely. The discount rate is 10%. The firm has debt of $50 million, cash of $20 million and has 10,000,000 shares outstanding. What is the price of the stock

Answers

Answer:

The price of the stock = $26.69

Explanation:

Missing question at inception is as follows "A firm expects the following free cash flows: Year 1: $10 million, Year 2: $12 million, Year 3: $15 million"

Year   Cash-flows"million    D. rate at 10%     Discounted cash flows

1                 10                         0.9091                          9.0910

2                 12                         0.8264                         9.9168

3                 15                         0.7513                          11.2695

4                 315                       0. 7513                         236.6595

Total                                                                            $266.9368

The price of the stock = Total Present value of cash flows / Number of Shares outstanding

The price of the stock = $266,936,800 / 10,000,000 shares

The price of the stock = $26.69368

The price of the stock = $26.69

Thus, the price of the stock is $26.69 per share

Note:

Present value of future cash flows at year 3 = 15*(1.05/10%-5%)  = 15*(1.05/5%) = 15 * 21 = $315 million

Discount rate for each year = 1/(1+r)^1 = 1/(1+0.10)^1 = 1/1.10 = 0.90909

Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?


In case of a _____________________ franchise, the franchisee is contractually bound to replicate all aspects of the franchisor’s business.

Answers

Answer:

Business

Explanation:

Mark my answer as brainliest and thank me

Procrastination may lead to

Answers

Answer:

Depression, anxiety, low self-esteem, ADHD, and bad study habits are all possible causes of procrastination. Procrastination is linked to poor performance and hazards to one's mental health. Procrastinators frequently experience significant levels of anxiety and have trouble controlling their impulses.

Explanation:

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