Problem related to units of inventory

Assignment Help Accounting Basics
Reference no: EM13146326

A company budgeted unit sales of 102,000 units for January, 2008 and 120,000 units for February, 2008. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?

a) 107,400 units

b) 102,000 units

c) 96,600 units

d) 138,000 units

Reference no: EM13146326

Questions Cloud

Draw histogram for data using ending class boundary : Draw the histogram for these data using an initial class boundary of , an ending class boundary of , and classes of equal width.
What mass of the nuclide will remain after 49.2 years : The half-life of tritium (31H) is 12.3 years. If 55.0 mg of tritium is released from a nuclear power plant during the course of a mishap, what mass of the nuclide will remain after 49.2 years?
Persuasive argument regarding whether you believe the death : Present a persuasive argument regarding whether you believe the death penalty is proper or not.Evaluate the affect the death penalty has on the prosecutor, defense attorney, criminal, and victim's family.Use research to support your assertions and be..
Find probability that implied population is all americans : The subjects are asked their opinions about sex and marriage, attitudes toward women, welfare, foreign policy and many other issues. The implied population is All Americans.
Problem related to units of inventory : If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?
What percent of the gametes produced by hybrid offspring : On an autosome genes A and B are 10 map units apart. On another autosome genes C and D are 20 map units apart. An AABBCCDD male mates with an aabbccdd female. What percent of the gametes produced by their hybrid offspring will be ABCD?
What is the new pressure of the gas : a sample of ammonia gas at 1.2 atm compressess from 500 ml to 250 ml. if the temerature remains constant, what is the new pressure of the gas? what formulas were used?
Discuss how these two processes differ : Examples of positive and negative control of transcription can be found in the regulation of expression of the bacterial operons lac and trp. Use these two operon systems to describe the difference between positive and negative regulation.
Find smallest class size for which probability-same birthday : Is P(K + 1) = P(K)(365-K)/365 and, If so, why? Find the smallest class size K for which the probability that two or more students have the same birthday exceeds 0.5.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equivalent units of production-weighted average method

Of those started, 80,000 were finished and the remaining 40,000 were left 20% complete. Calculate the equivalent units of production for the year using the weighted average method.

  What revenue does garr report related

What revenue does Garr report related to this investment and what is the amount to be reported as an investment in Cey stock at December 31. (show all work)

  What is the net present value of project 2

Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000 in each of three years.

  Buffet requirement to be capital efficient

The best investor of all time, Warren Buffet, talks about investing in "capital efficient" businesses. Coca Cola falls into this category since it generates great sums of cash with minimal investment in capital.

  Purposes of analytical procedures

There are four important purposes of analytical procedures. Identify one of these four purposes and give a specific example of an analytical procedure that an auditor might perform.

  Determine the total deductions in calculating taxable income

Determine the total deductions in calculating taxable income related to the machine for 2011 assuming Glory has taxable income of $500,000.

  Actual selling and administrative expense

For the month of March, the company planned for activity of 5,700 units, but the actual level of activity was 5,660 units. The actual selling and administrative expense for the month was $522,860.

  Certificate maturity value

Freddy purchased a certificate of deposit for $20,000 on January 1, 2010. The certificate's maturity value in two years (December 31, 2011) is $22,050, yielding 5% before-tax interest.

  Cost of equity capital-allegheny valley power company

The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5%(Krf)and the expected return on the common stock as a whole is 16%(Km)

  Determine equity at the end of the year

At the beginning of the year, Addison Company's assets are $212,000 and its equity is $159,000. During the year, assets increase $80,000 and liabilities increase $58,000. What is the equity at the end of the year?

  Fair market value to the partnership

Terri receives $30,000 cash and accounts receivable with a $20,000 basis and a $22,000 fair market value to the partnership. What gain or loss does Terri recognize, and what is her basis in the accounts receivable?

  What is dexter corporation tax basis for the property

Alan, Baker and Crowe formed Dexter Corporation during 2011. Pursuant to the incorporation agreement, Alan transferred property with an adjusted basis of $30,000 and a fair market value of $45,000 for 450 shares of stock.

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