Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Estimate of Production and Materials Requirements
Tube-Magic Company makes a line of specialized plastic tubing items. During each of the next two years, it expects to sell 325,000 units. The beginning finished-goods inventory is 80,000 units. However, the target ending finished-goods inventory for each year is 35,000 units.
Each unit requires 5 feet of plastic tubing. At the beginning of the year, 200,000 feet of plastic tubing are in inventory. Management has set a target to having tubing materials on hand equal to three months of production requirements. Sales and production occur evenly throughout the year.
Instructions:
Compute the total targeted production of the finished product for the coming year. Compute the required purchases of tubing materials for the coming year. NOTE: Production in the following year should be 320,000 units of finished product.
Using the percentage-of-completion method of accounting for long-term contracts, the percentage of completion used to recognize gross profit in the first year usually is determined by measuring:
Determine the required sales in dollars to meet the target net income during 2011. List at least two ways Pitre Company could earn their target net income of $175,000:
Prepare a cash flow forecast for the appropriate period. Assume that the restaurant will be run for six years, at the end of which the building could be sold for 300,000 pounds but the equipment will have no value at all
(Computation of Future Values and Present Values) Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) What is the future value of $9,000 at the end of 5 periods at 8% compounded inte..
Which types of information on the financial statement are useful to creditors in their decisions in the capital market and what are the qualities of useful accounting information?
preparation of journal for various transactions in corporate accounting.on 123107 rich corporation had the following in
government accounts items requiring passing of journal entries in the general fund.the city of brownsville engaged in
At the end of the prior year, Fox Inc. had a deferred tax asset of $10,000,000 attributable to its only timing difference, a temporary difference $50,000,000 in a liability for estimated expenses. At the time a valuation allowance of $4,000,000 was e..
Calculate cost of goods sold and ending inventory under the following cost-flow assumptions and Weighted average.
Other than satisfying the SEC's full disclosure requirement, why is it important for a firm to provide the forward looking statement?
Anderson Manufacturing makes a single product. Budget information regarding the current period
Calculation of goodwill value - What amount if any will Hi-Tech record as goodwill on the date of purchase
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd