Based on the following production and sales estimates

Assignment Help Accounting Basics
Reference no: EM13189482

Based on the following production and sales estimates for May, determine the number of units expected to be manufactured in May.

Estimated inventory (units), May 1
20,000
Desired inventory (units), May 31
15,000
Expected sales volume (units):
South region
20,000
West region
40,000
North region
20,000
Unit sales price
$10

Answer

85,000

90,000

75,000

105,000

Reference no: EM13189482

Questions Cloud

What is the amount of the cash flow in year 3 : GKX Industries expects sales of its hydraulic seals (in inches and metric sizes) to increase according to the cash flow sequences $70+4k, where k is in years and cash flow is in $1000. What is the amount of the cash flow in year 3
Theories regarding how pyramids at giza were constructed : There have been many theories regarding how the pyramids at Giza were constructed. Most experts agree that they were constructed as burial monuments for pharaohs, but "how" these ancient people constructed monuments of such great size without modern ..
Derive an expression for the marginal product of labor : Consider a Cobb-Douglas production function with three inputs, K is the capital(number of machines), L is labor (nuber of workers) and H is human capital (the number of college degrees among workers) The production fucntion isY=K1/3 L1/3 H1/3
The limitation on alice''s authority : Pete Principal tells Alice, his sales agent, that under no circumstances does she have authority to make any warranties covering goods she sells for Pete. No third party ever learns about Pete's limitation on Alice's authority.
Based on the following production and sales estimates : Based on the following production and sales estimates for May, determine the number of units expected to be manufactured in May.
How the semi-salt is earning monopoly profits : Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investment since it began producing polyglutamate- a rate comparable to the average rate of interest that large banks paid on deposits over this ..
Accounting and consulting partnership : Hannah is a managing partner of Andrusian Worldwide LLP, an accounting and consulting partnership. Acting within her implied authority, Hannah makes a contract for Andrusian to perform an audit for National Motors Company.
What must opec do to maintain the price of oil : The opening statement on the Web site of the Organization of Petroleum Exporting Countries says, "OPEC's eleven members are all developing countries whose economies are heavily reliant on oil export revenues. THey therefore seek stable oil prices ..
Painting in the early renaissance : Did Cimabue's Madonna Enthroned have Byzanine elements in it and it is therefore of lessor quality than any painting in the early Renaissance?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Traditional income statement

Would a traditional income statement differ depending on whether the business is a service organization, merchandiser, or manufacturer?

  Analyze four eras of business

Examine the four eras of business and make a prediction for what the next era will be like. Explain the rationale behind your prediction.

  Discuss the major types of fraud

Discuss the major types of fraud you might find in auditing the financial statements of a client.What conditions are generally present, how should the auditor assess the risk or fraud, what steps if any should the auditor take when he suspects fra..

  Basics of sterling depreciation

The sterling trusts owns a business and generated $100,000 in depreciation deductions for the tax year. Mona is one of the income beneficiaries of the entity. Given the following information, can Mona deduct any of the sterling depreciation on her..

  Preparation of budgets on same basis

From the standpoint of financial management of a government, state what objectives are served by preparation of budgets on the same basis as financial statements

  Prepare the journal entry to recognize the impairment

Cairo corporation has municipal bonds classified as available for sale at December 31, 2012. These bonds have a par value of $800,000, an amortized cost of $800,000, and a fair value of $740,000.

  Method of accounting for uncollectible receivables

If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible?

  What is the margin of safety expressed

If Fama Company, with a break-even point at $360,000 of sales, has actual sales of $480,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? Round the percentage to the nearest whole number.

  How many additional shares of common stock

How are the shares that have not yet been issued included in the company's balance sheet? Do they represent an asset of the company?

  Proper per unit inventory price for product

Given the acquisition cost of product Z is $32.00, the net realizable value for product Z is $29.00, the normal profit for product Z is $2.50, and the market value (replacement cost) for product Z is $30.00, what is the proper per unit inventory p..

  Value added activities and cost pools with abc

What are some methods a business uses to determine if the activity is value added or not? How do you think business learn from customers (consumers) what is value added and what is not value added?

  Dollars at the date of acquisition

A. Prepare a trial balance in U.S. dollars at the date of acquisition. B. Prepare the journal entry to recognize the acquisition of LRB by Micro Electronics. C. Prepare the worksheet elimination, in journal entry form, at the date of acquisition.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd