Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem1: If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the current period, is ________.

[A]    7,100

[B]   7,200

[C]    7,000

[D]   6,900

problem2: Dandy Jeans sells two lines of jeans; Simple Life and Fancy Life. Simple Life sells for USD 85.00 a pair and Fancy Life sells for USD 100.00 a pair. The company sells all of its jeans on credit and estimates that 60% is collected in the month of the sale, thirty-five percent is collected in the following month, and the rest is considered to be uncollectible. The estimated sales for Simple are as follows: January 20,000 jeans, February 27,500 jeans, and March 25,000 jeans. The estimated sales for Fancy are as follows: January 18,000 jeans, February 19,000, and March 20,500 jeans. Determine the expected cash receipts for the month of March?

[A]    $2,125,000

[B]   $4,175,000

[C]    $3,988,125

[D]   $2,505,000

problem3. The Martin Company had a finished goods inventory of 55,000 units on January 1st. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Martin Company wishes to maintain a desired ending finished goods inventory of twenty percent of the following month’s sales. Determine the budgeted production for January month?

[A]    200,000

[B]   219,000

[C]    236,000

 

[D]   181,000

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916581

Have any Question? 


Related Questions in Basic Finance

According to the american red cross approximately 10 of the

According to the American Red Cross, approximately 10% of the human population is blood type B-positive. If we select 20 people at random, find the probability that more than 3 people in the sample have blood type B-posi ...

Bills boards has 202 million shares of common stock

Bill's Boards has 20.2 million shares of common stock outstanding, 4.2 million shares of preferred stock outstanding, and 22.00 thousand bonds. If the common shares are selling for $30.20 per share, the preferred share a ...

1 discuss the concept of bonds investment and advantages

1, Discuss the concept of bonds investment and advantages and disadvantages of investing in bonds. 2. If the interest rates were going to increase, explain which types and maturity of bonds should purchase and which type ...

You read a story in the newspaper blaming the central bank

You read a story in the newspaper blaming the central bank for pushing the economy into recession. The article goes on to mention that not only has output fallen below its potential level but that inflation had also rise ...

Why economic and industry analysis is evaluating specific

Why economic and industry analysis is evaluating specific common stock? discuss how economic and industry effect variable estimate in constant growth?

The web site of the community financial services

The Web site of the Community Financial Services Association, the payday lenders' organization, has a page on "Myths and Realities" about payday lending. Do you agree with the CFSA about what's a myth and what's reality? ...

Jack and jill corporations year-end 2009 balance sheet

Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $259,000, fixed assets of $809,000, current liabilities of $186,000, and long-term debt of $291,000. What is Jack and Jill's total stockhold ...

Graph each case presented in questionquestionassume the

Graph each case presented in question. question Assume the market for money is originally in equilibrium. Explain what happens to demand, supply, quantity demanded, and/or quantity supplied, ceteris paribus, given each o ...

Pure expectations theory explain how a yield curve would

Pure Expectations Theory : Explain how a yield curve would shift in response to a sudden expectation of rising interest rates, according to the pure expectations theory.

Question 1which of the following is an example of a source

Question 1 Which of the following is an example of a source of internal finance for companies? A) corporate bonds B) withheld earnings C) commercial loans D) employee pension funds Question 2 Which of the following is a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate