Someone who wants the government to adopt an active stabilization policy when the economy is experiencing extreme unemployment would support increasing government spending.
So, the correct option is (B).
What is economy?An economy could be a region wherever product and services square measure created, distributed, traded, and consumed. it's typically understood to be a social domain that places a stress on the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources. One's culture, values, education, technological advancement, history, social organisation, political structure, system, associated natural resources square measure all major determinants of an economy's processes. These components confirm the parameters associated conditions underneath that an economy operates additionally to providing background and content. In alternative words, the economic realm could be a social domain created of connected human behaviors and exchanges that can't exist severally.
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a positin in t bond futures should be used to hedge falling interest rates and a position in t bond futures huld be used to hedge fallling bond prices
Falling interest rates should be hedged with a long position in T-bond futures, and bond prices should be hedged with a long position in T-bond futures.
What occurs when the cost of a bond decreases?Bond yield and price have the opposite relationship. The yield falls when a bond's price increases. A bond's yield rises as its price decreases. This is due to the bond's constant coupon rate, which causes frequent price fluctuations in secondary markets to reflect current market rates.
How do you protect yourself against bonds?By paying a set rate on swaps of interest rates or taking short options in bond futures, the length of a bond portfolio can be hedged. Due to the upward sloping yield curves in all the major currencies, term hedging involves giving up a greater longer-dated yield in exchange for a lower shorter-dated yield.
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Sears offers discount coupons and lowers prices on 1,000 items in the store in order to generate sales. This is most likely to occur during an economic recession. True or False
True or False "Sears offers discount coupons and lowers prices on 1,000 items in the store in order to generate sales. This is most likely to occur during an economic recession." The statement is true.
What is economic recession?A recession can be defined as a prolonged period of low or negative real GDP (manufacturing) growth accompanied by a significant rise in unemployment. Many other economic indicators also weaken during recessions. A recession is a significant and widespread reduction in economic activity. A common definition is that his two consecutive quarters of contraction in Gross Domestic Product (GDP) constitute a recession. A recession generally results in lower economic output, lower consumer demand, and higher unemployment.
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in text mining, if an association between two concepts has 7% support, it means that 7% of the documents had both concepts represented in the same document. t/f
In text mining, if an association between two concepts has 7% support, it means that 7% of the documents had both concepts represented in the same document. This statement is true.
The process of converting unstructured text into a structured format with the purpose of identifying significant patterns and fresh insights is known as text mining, also known as text data mining.
Companies are able to investigate and find hidden links within their unstructured data by utilizing advanced analytical approaches like Naive Bayes, Support Vector Machines (SVM), and other deep learning algorithms.
Text mining is a method that consists of various steps that let you infer information from unstructured text data. The process of cleaning and converting text data into a usable format is called text preprocessing, and it must be done before you can use any of the various text mining techniques.
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a company was replacing the single-use plastic bags with cloth bags. however, the selected fabric is on backorder and will not be in stock for three weeks. the vendor suggested using another fabric that is in stock, but it is less sturdy than the original choice. if the company decides to wait until the original fabric is available, this will change the of the project.
The price of the project will fluctuate if the company chooses to wait until the original cloth is available.
A company, sometimes known as co., is a legal designation for a group of people with a particular goal who are either naturally occurring, legally created, or a combination of both. Members of the company collaborate to accomplish clearly stated objectives.
A company can be established as a legal entity with limited liability as long as its members fulfill or fail to fulfill their obligations in accordance with the publicly proclaimed incorporation or published policy. If a business closes, it might need to be liquidated in order to discharge all outstanding debts.
Corporate groupings are the collectively registered entities that occur when two or more firms join forces and register as new businesses.
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FILL IN THE BLANK. making use of the research and development conducted by the market innovator and then developing a competing product at a lower price is referred to as the___strategy.
A pricing strategy in which a business offers its products at a relatively low price in order to increase demand and expand its market share.
What are the four ways to compete?An illustration of each of the four types of competitive strategy is provided below:
Strategy for cost leadershipSeparation authority technique.Focus on costs strategy...Separation center methodology.What are the three competing tactics?Organizations have three basic strategic options for gaining a competitive advantage, according to Porter's Generic Strategies model. They are: Focus, differentiation, and cost leadership.
What is an illustration of a focused strategy with low costs?In the wide minimal expense system, the firm is centered around giving an expense based advantage over an expansive market bunch. Wal-Mart would be an illustration. In this instance, Wal-Mart has a low-cost model that competitors struggle to match. Because they appeal to a large number of customers, they are, in a sense.
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A large training organization is holding a seminar in Las Vegas for four days. To encourage a large turnout, they are offering an early bird special to anyone who registers two months before the deadline date. Those who register a month ahead will also get a discount, and those who register at the last minute will pay full price. This is an example of _____.
inventory management
yield management
just-in-time management
value priced management
This is an example of value priced management. The appropriate response is option D.
What is value priced management?value -based pricing refers to a method of determining prices that is largely based on the perceived value of a good or service by the consumer. Value pricing is client-focused, which means that businesses set their prices based on what they feel a product is worth to the consumer.
Value pricing refers to the practice of businesses setting prices based on what consumers think a product is worth. Products that are exceptional and extremely valued are best suited to benefit from the value pricing strategy.
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Components of a merchandiser's multi-step income statement are shown below. In which order would they appear on the statement?
The order would they appear on the statement is D. Net Income, Operating Income, Total Other Income and Expenses, and Gross Profit.
While working out a multi-step pay proclamation, we initially deduct the expense of items offered from the income to show up as the net benefit. The working pay is then determined in the wake of deducting every working expense. To make income before interest and duty, the functional pay has now been changed to mirror the complete other pay and costs. At last, we show up at the overall gain following the allowance of interest and expense costs.
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This question is incomplete , here I am attaching the complete question:
Components of a merchandiser's multi-step income statement are shown below. In which order would they appear on the statement?
a. Cost of goods sold
b. Net sales
c. Gross profit
d. Net income
e. Expenses
joan quit her job as a home health aide earning $50,000 per year to start her own business. to save money she operates her business out of a small building she owns which, until she started her own business, she had rented out for $10,000 per year. she also invested her $20,000 savings (which earned a market interest rate of 5% per year) in her business. you are given the following information about the first year of her operations. total revenue $120,000.00 cost of labor $40,000.00 cost of materials $20,000.00 equipment rental $5,000.00 calculate her explicit (accounting) costs. $
Total explicit costs is $76,000 according to the given data.
Explicit (accounting) costs:
Rent: $10,000
Interest on savings: $1,000 (5% of $20,000 savings)
Labour: $40,000
Materials: $20,000
Equipment rental: $5,000
Total explicit costs: $76,000
Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. They have specific monetary values that are carried over to the income statement. Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs.
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savings and loan associations, mutual savings banks, and credit unions are known collectively and specifically as .
Savings and loan associations, mutual savings banks, and credit unions are known collectively and specifically as: Thrift institutions.
What is Thrift institutions?Thrift institutions can be defined as a financial institution which rendered banking services by accepting deposit, giving out loans, mortgages among others.
This type of financial institution enables their client to save their money and to as well borrow money in which the borrower is expected to pay back the financial institution within a stipulated period of time.
Therefore savings and loan associations are known as thrift institution.
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The price of Matador is $7.11. Jenna wants to short 1,054 shares of MTDR. The maintenance margin is 25%, the initial margin is 51%. The yearly securities lending fee (APR) is 10.56%. If the price of MTDR is $7.43 one year after she shorted the shares, what is the value of equity in the position?
According to the question the value of equity in the position is equals to $3,296.67
Why is equity essential? What is it?Equitable treatment, opportunity, and advancement are guaranteed by equity. The goal of equity is to identify and eliminate obstacles that hinder some groups from participating fully. Barriers might take a variety of shapes, but this research provides a clear illustration.
Briefing:
1 Initial Equity share x price x margin% = 1054 x 7.24 x 51% = 3891.79
2 Borrowing = Share x price - Equity = 1054 x 7.24-3891.79 = 3739.17
3 Interest = Borrowing x APR = 3739.17 x 10.56% = 394.86
4 Value of Equity = Initial Equity - increase in price x shares - interest
= 3891.79 (7.43-7.24) x 1054 - 394.86
= $3,296.67
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Which of the following situations will not result in modification of the auditor’s report because of a scope limitation?
A. Restriction imposed by the client.
B. Reliance placed on the report of another auditor.
C. Inability to obtain sufficient appropriate evidential matter.
D. Inadequacy in the accounting records.
Any constraint on the applicability of an auditor's report known as a "scope limitation" may be the result of an inability to gather enough credible information to support a particular aspect of the financial statements. These are typically enforced by the client.
Therefore, relying on reports from external auditors does not restrict the scope of the audit. Hence, option b) is correct.
An auditor's report, which is a written letter from the auditor, expresses the auditor's opinion regarding whether a company's financial statements comply with generally accepted accounting principles (GAAP) and are free of material misstatement.
Typically, the company's annual report and the independent and external audit report are both made public. Because banks and creditors desire an audit of a company's financial records before lending to them, the auditor's report is crucial.
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easton can currently purchase the scooters it makes from another company. if the company purchases the scooters, easton would still continue to use its own logo, sales staff, and advertising programs. which of the following costs would be classified as a facility-level cost?
Company president's salary. Facility-level costs are incurred to support the entire company. They are not related to any specific product, batch, or unit of product. Because these costs maintain the facility as a whole, they are frequently called facility-sustaining costs.
Precise definitions of sustainability are tough to agree on and have varied within the literature and over the years.[2][1] The concept of sustainability can be used to guide choices at the worldwide, national, and character levels (e.g. sustainable residing).[3] Sustainability is usually defined as having 3 dimensions (also known as pillars): environmental, economic, and social.[1] Many guides state that the environmental dimension (also referred to as "planetary integrity" or "ecological integrity") is the most essential,[4][5] and, in everyday usage, "sustainability" is frequently targeted on countering essential environmental issues, such as climate trade, loss of biodiversity, lack of surroundings offerings, land degradation, and air and water pollutants.
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denver, incorporated, has sales of $19.1 million, total assets of $14.1 million, and total debt of $4.9 million. the profit margin is 9 percent.
The answer to the question is that Denver's net income is $1719,000 as according to given data.
What exactly do you mean by profit?Your profit is the sum of money after all business expenses have been covered. The three main categories of profit are operational profit, net profit, and gross profit. Gross profit is the highest profit. The balance after payment for the items and services that were sold is shown. Profit is calculated as revenue minus costs. From the gross profit, some expenses are subtracted. To arriving at net profit, you deduct all expenses.
Briefing -
We have to find net income-
Profit margin = Net income / Sales
Net income = Profit margin(Sales)
Net income = .09($191x00,000)
Net income = $1719000
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Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition that Edington faces, management budgets sales semi-annually. Its projections for the first 2 quarters of 2014 are as follows:
Unit Sales
Product Quarter 1 Quarter 2
XQ-103 20,000 22,000
XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Required:
Prepare a sales budget for the 2 quarters ending June 30, 2022.
Product Units Selling Price Total Sales
XQ-103:
Quarter 1 Quarter 2 6 Months XQ-104:
Quarter 1 Quarter 2 6 Months Total List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
The Sales budget for the 2 quarters ending June 30, 2022
Product Units Selling Price Total Sales
XQ-103:
Quarter 1 20,000 $15 $300,000
Quarter 2 22,000 $15 $330,000
6 Months 42,000 $15 $630,000
XQ-104:
Quarter 1 12,000 $25 $300,000
Quarter 2 15,000 $25 $375,000
6 Months 27,000 $25 $675,000
Total 69,000 $1,305,000
A sales budget is a financial plan for the estimated sales of a company for a specific period of time. It is typically used to plan for and track the progress of a business’s sales activities. The sales budget helps a company to identify potential areas of growth and areas where additional resources may be needed.
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which of the following is not a key activity in the nist it risk management security control assessment process?
The National Institute for Standards and Technology (NIST) has produced numerous special publications (SP), and the NIST management framework represents the conclusion of those SPs (NIST).
Any business can utilize the NIST Risk Management Framework (RMF), a seven-step process, to manage the risk of information security and privacy for systems and organizations. It can be altered, repeated, and quantified. It is based on NIST standards and guidelines to make risk Identify, Protect, Detect, Respond, and Recover adoption possible. It is helpful to describe the framework's core as a collection of cybersecurity projects with a particular objective.To know more about Risk here
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Use the following information and the multi-period dividend discount model to find the value of Computech's common stock.
Last year's dividend was $1.62.
The dividend is expected to grow at 12% for three years.
The growth rate of dividends after three years is expected to stabilize at 4%.
The required return for Computech's common stock is 15%.
Which of the following statements about Computech's stock is least accurate?
A) At the end of two years, Computech's stock will sell for $20.64.
B) Computech's stock is currently worth $17.46.
C) The dividend at the end of year three is expected to be $2.27.
The false statement is Computech's stock is currently worth $17.46. (option B)
What is the false statement?The two-stage dividend model would be used to determine the value of the stock.
In the two-stage dividend growth model, the first stage is characterised by high growth rate. In the second stage, the high growth rate falls to a steady or normal growth rate.
dividend in Y1 = 1.62 x 1.12 = 1.81
dividend in Y2 = 1.81 x 1,12 = 2.03
dividend in Y3 = 2.03 x 1.12 = 2.27
Value of the dividend after year 3 = (2.27 x 1.04) / (0.15 - 0.04) = $21.46
Find the present value of these cash flows
1.81 / 1.15 + 2.03 / 1.15² + 2.28 / 1.15³ + 21.46 / 1.15³ = $18.71
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the process of negotiating a labor contract between a union and management is referred to as _____ .
The process of negotiating a labor contract between a union and management is referred to as collective bargaining.
Until they come to an agreement on a labor contract or reach an impasse or "impasse," your union and employer must negotiate in good faith over pay, working conditions, and other aspects of employment. If negotiations come to a standstill, the employer may impose terms and conditions as long as it first made them available to the union. Unless there are exceptional circumstances, neither party may, once the contract has been executed, modify its terms without the other party's approval. Nearly all of the conditions of an expiring contract continue to apply while the parties negotiate its replacement if it expires before the new contract is in place.
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if you choose a passive investing strategy, how will your portfolio look with its first allocation? mostly stocks of companies you know mostly etfs of industries you think will grow mostly empty while you decide which individual stocks you want mostly full of stocks you heard about in the news and plan on replacing lat
Dividend stocks are one of the simplest ways for investors to create passive income. As public companies generate profits, a portion of those earnings are siphoned off and funneled back to investors in the form of dividends. Investors can decide to pocket the cash or reinvest the money in additional shares.
A dividend is a distribution of income via a company to its shareholders.[1] when a business enterprise earns a profit or surplus, it is able to pay a part of the earnings as a dividend to shareholders. Any amount now not dispensed is taken to be re-invested inside the commercial enterprise (referred to as retained earnings). The modern yr earnings as well as the retained income of previous years are available for distribution; a enterprise is usually prohibited from paying a dividend out of its capital. Distribution to shareholders can be in coins (usually a deposit right into a financial institution account) or, if the company has a dividend reinvestment plan, the amount may be paid by using the issue of further stocks or by means of share repurchase.
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When there is inflation, the number of dollars needed to buy a representative basket of goods group of answer choices decreases, and so the value of money falls increases, and so the value of money falls. decreases, and so the value of money rises. increases, and so the value of money rises.
When there is inflation, the number of dollars needed to buy a representative basket of goods decreases, so the value of money rises.
The financial impact is on the time value of money if it reduces the value of a dollar over time. The time value of money is a concept that describes how money available to you today is worth more than money in the future.
This also assumes that you do not invest the money available to you today in equity securities, debt instruments, or bank interest. Essentially, if you have a dollar in your pocket today, that value, or value, will be lower one year from today if you keep it in your pocket.
Inflation increases the price of goods and services over time, effectively reducing the amount of goods and services you can buy with a dollar in the future as opposed to a dollar today. If wages are the same but inflation causes the cost of goods and services to increase over time, it will take a higher percentage of your income to buy the quality or future service.
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if citizens of hamiltonia want to take advantage of relatively higher interest rates in the united states, which of the following will happen?
The supply of the shot on the foreign currency market will rise if inhabitants of Hamiltonia wish to benefit from the country's relatively higher interest rates.
The foreign exchange market, commonly referred to as forex, FX, or the currencies market, is a global over-the-counter (OTC) market where the exchange rates of different currencies are set. The relative exchange rates of different currency pairs can be speculated on, bought, sold, and exchanged on these markets.
Investment management businesses, hedge funds, commercial enterprises, central banks, retail forex dealers, investors, and banks make up the foreign exchange markets.
The foreign exchange market, commonly known as forex, FX, or the currency market, was one of the first financial markets established to provide the expanding global economy structure. It is by a wide margin the world's largest financial market in terms of trade volume. The forex market offers a place for the purchase, sale, exchange, and speculation of currencies in addition to facilitating currency conversion for investments and international trade payments.
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burger's inc. owns a number of fast food stores across the country. ryan, who wants to start his own business, decides to open a store under the burger's inc. trademark. he has to sell and market the fast food products according to the terms of the licensing agreement. in this scenario, ryan is a:
In this scenario, Ryan is acting as a franchisee.
A franchisee is an independent small business owner who operates a third party store called a franchise. In this way, the franchisee buys the right to use the existing business's products, corporate names, and other business knowledge and sell the same brand, and promote the same standards as the first business.
When a business wants to get more business or increase its territory at a low cost, one solution would be to create a franchise for its product and name. The franchisor is the original or existing business that sells the right to use its name and concept. A franchisee is a person who buys into the old company by buying the right to sell goods or services under the existing business model and trademark.
The relationship between the franchisee and the franchisor is one of advisor and consultant. The franchisor provides ongoing guidance and support regarding general business strategies such as hiring and training employees, setting up stores, advertising its products or services, sourcing its products, and so on.
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A partnership has the following account balances at the date of termination: Cash, $98,000; Noncash Assets, $750,000; Liabilities, $484,000; Bell, capital (50 percent of profits and losses), $170,000; Mann, capital (30 percent), $120,000; Scott, capital (20 percent), $74,000. The following transactions occur during liquidation: Noncash assets with a book value of $590,000 are sold for $490,000 in cash. A creditor reduces his claim against the partnership from $175,000 to $110,000, and this amount is paid in cash. The remaining noncash assets are sold for $130,000 in cash. The remaining liabilities of $309,000 are paid in full. Liquidation expenses of $23,000 are paid in cash. Cash remaining after the above transactions have occurred is distributed to the partners. Prepare a statement of partnership liquidation to determine how much cash each partner receives from the liquidation of the partnership. (Amounts to be deducted should be entered with a minus sign.) . BELL, MANN, AND SCOTT PARTNERSHIP Statement of Partnership Liquidation Cash Noncash Liabilities Assets Bell, Capital (50%) Mann, Capital Scott, Capital (30%) (20%) Beginning balances Sale of noncash assets Pay liabilities Sale of remaining noncash assets Pay remaining liabilities Pay liquidation expenses Subtotal Distribution to partners Ending balances
Requirement asked:
follow the numbers as:
1. Cash
2. Non Cash Assets
3. Liabilities
4. Bell Capital
5. Mann Capital
6. Scott, Capital
*Beginning balances
$98,000$750,000 $484,000$170,000 $120,000$74,000*Sale of non cash assets
$490,000 ($590,000)($50,000)($30,000)($20,000)*Pay liabilities
($110,000)($175,000)$32,500$19,500$13,000*Sale of remaining non
cash assets
$130,000 ($160,000)$15,000$9,000$6,000*Pay remaining liabilities
($309,000)($309,000)*Pay liquidation expense
($23,000)($11,500)($6,900)($4,600)*Subtotal
$276,000$0$0$126,000$93,600$56,400Distribution to partner
($276,000)($126,000) ($93,600)($56,400)*SO, total
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I would like to know how to solve this problem using Excel.
i think the best way is watching Videos about it
the total physical damage due to the september 11th attacks was about $16 billion. the economic damage is estimated to be $30 billion. we can thus estimate that the wealth of the u.s. dropped in the matter of a few hours by about $46 billion, causing group of answer choices deflation and the unemployment rate to fall deflation and the unemployment rate to rise inflation and the unemployment rate to rise inflation and the unemployment rate to fall
According to estimates, the September 11th attacks cost $30 billion in economic loss, which included a $46 billion decline in US economic worth.
The US economy saw a deflationary effect as a result, which decreased the unemployment rate. This is due to the fact that when the US economy has a significant decline in wealth, businesses often cut expenses by reducing the number of employees, which lowers the unemployment rate.
When prices usually fall, an economy experiences deflation, commonly referred to as negative inflation. This might be because there are more goods available than there is demand for, but it might also be because the value of money has increased.
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True or False: Competitive research for owned, paid, and earned media uses different metrics and dimensions than non-competitive owned, paid, and earned media analytics.
It is false to claim that competitive research for owned, paid and purchased media uses different metrics and dimensions than analysis of non-competitive, paid and purchased media.
What is competitive research for the average?Corresponds to analysis of the competitor market, this is conducting research to assess the strengths and weaknesses of the company and threats and opportunities of competing companies.
Therefore, competitive media research uses similar metrics and dimensions as non-competitive media analysis, that is, metrics that help you understand the company and the market more comprehensively and effectively.
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g the accountant for mission inc realized depreciation that has not been recorded related to an asset put into production at the beginnong of 2025 it is now the end of the fiscal year in 2026 ignoring income tax effects correcting this error will require a prior period adjustment to
Governments apply income taxes as a sort of tax on the income produced by people and businesses under their control.
What is Income tax?Government duties, public services, and citizen goods are all paid for through income tax revenue. Income tax payment is required by the federal government, numerous states, and municipal governments.
An individual's wages, salaries, and other sources of income are subject to the personal income tax. Corporations, partnerships, small enterprises, and independent contractors are all subject to business income taxes.
In order to support the Civil War's funding, the United States enacted the first income tax in 1862. The tax was eliminated following the war, but after the Revenue Act of 1913 was passed, it was reintroduced.
Therefore, Governments apply income taxes as a sort of tax on the income produced by people and businesses under their control.
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economic immigration to the united states is sizable and continuous illustrating that . multiple choice question. wages are higher in immigrants' home country economic costs exceed economic benefits economic benefits exceed economic costs immigration is ineffective in improving the economy
Economic immigration to the US is substantial and ongoing. States and localities with high immigrant populations frequently have to spend more money on public education and other services than they take in from those populations in terms of taxes.
Immigration enhances the labor pool, which boosts the economy's potential for production.
The disparity in income between the nations of origin and destination is a fundamental factor in migration. Richer nations draw more immigrants, particularly those from developing nations with younger populations. More people emigrate from countries with lower per capita incomes, but only if those nations are not overly impoverished.
Immigration was a factor in the drop in violent crime in urban America from the late 1990s into the early 2000s. Immigration helped many center cities' failing districts recover by boosting population and fostering economic growth.
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in which of the following systems does a contractor establish a purchase price for goods that are produced with raw materials provided by the contractor?
In a piece-price system, the contractor sets a purchase price for things that inmates manufacture using the contractor's raw materials.
Reintegration, as used in the criminal justice system, describes the process through which former prisoners reintegrate into society. The underground trade in goods and services between prisoners; the jail economy.
The prison social system gives rise to a set of rules and ideals known as the "inmate code." It offers a set of guidelines for living in jail and establishes the ideal prisoner in the eyes of the other convicts.
The Auburn system, also known as the New York system and Congregate system, was a 19th-century form of punishment in which inmates were compelled to labor in groups during the day and spend the night in solitary confinement with strict silent rules.
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other things the same, if a country has a trade deficit and saving rises, group of answer choices net capital outflow rises, so the trade deficit increases. net capital outflow falls, so the trade deficit increases. net capital outflow rises, so the trade deficit decreases. net capital outflow falls, so the trade deficit decreases. next
Out of the choices provided above, it can be said that other things the same, if a country has a trade deficit and saving rises, the net capital outflow falls, so the trade deficit decreases. Therefore, the option D holds true.
The trade deficit can be referred to or considered as the condition wherein there is an excess of expenses against the revenues generated during a given period of time. When the savings increase, the demand for imported goods decreases, thereby leading to a fall in the capital outflow and decrease in the trade deficit.
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A company determined 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 manufactured for June would be
The budgeted cost of goods manufactured for June would be 7650000.
In the given question, a company determined 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.
We have to find the budgeted cost of goods manufactured for June.
Sales units 225000
Add: Desired ending inventory 90000
Less: Beginning inventory -60000
Budgeted production 255000
X Budgeted cost per unit 30
Budgeted cost of goods manufactured for June 7650000
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