Grace manufactures and sells miniature digital cameras for $250 each. Sales in May were 2,600 units, and management forecasts 5% growth in unit sales each month. (a) Determine the budgeted sales units of cameras for June. (b) Prepare the sales budget for June.
Answers
(a) To determine the budgeted sales units of cameras for June, we need to apply the 5% growth rate to the May sales units.
Budgeted sales units for June = May sales units + (May sales units * Growth rate)
Budgeted sales units for June = 2,600 units + (2,600 units * 0.05)
Budgeted sales units for June = 2,600 units + 130 units
Budgeted sales units for June = 2,730 units
Therefore, the budgeted sales units of cameras for June are 2,730 units.
(b) To prepare the sales budget for June, we multiply the budgeted sales units by the selling price per unit.
Sales Budget for June = Budgeted sales units * Selling price per unit
Sales Budget for June = 2,730 units * $250 per unit
Sales Budget for June = $682,500
Therefore, the sales budget for June is $682,500.
Learn more about budgeted sales here:
https://brainly.com/question/14346747
#SPJ11
Related Questions
You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
Page:
International employment has played
on important role to solve unemployment
problems in Nepal.” Justify the statement
Answers
Answer:
This means that Nepal, as a very underdeveloped country, lacks the necessary amount of domestic capital to build a healthy and functional economy, and for this reason, it requires international help in the form of foreign direct investment that can supply more capital to the country, capital that is used to set up new companies and investment projects that employ more Nepalese people.
You receive a check for $50 from your Aunt Louise for your birthday. You go to an ATM to deposit the check into your checking account. How should you endorse the check?
1. Just sign your name on the front of the check
2. Sign your Aunt Louise's name on the back of the check
3. Sign your name and write "For Deposit Only" and your checking account number on the back of the check
4. Since the check is made out to you, you don't need to worry about signing the check
Answers
Answer:
I think it's 3 but i don't know for sure also can you give me brainlist if I'm right please I really need it
To properly endorse the check received from your Aunt Louise for your birthday, you should sign your name on the back of the check and include "For Deposit Only" along with your checking account number.
When you receive a check, it's important to endorse it properly before depositing it into your account. By signing your name on the back of the check and adding "For Deposit Only" along with your checking account number, you're indicating that the check is meant for deposit into your account only.
This helps ensure that the funds are credited to your account securely and prevents unauthorized individuals from cashing the check.This helps ensure the secure and accurate deposit of the funds into your account.
Hence, The correct option is 3. Sign your name and write "For Deposit Only" and your checking account number on the back of the check.
Learn more about check here: brainly.com/question/30689087
#SPJ3
Kafue Company has faced a challenging year due to increased competition. Kafue has a year end of 30 September 2020. The draft financial statements report an operating loss. In addition to this, debt covenant limits based on gearing are close to being breached and the company is approaching its overdraft limit. On 27 September 2020, Kafue’s finance director asked the accountant to record a cash advance of K3m received from a customer, Buddy Company, as a reduction in trade receivables. Buddy Co is solely owned by Kafue’s finance director. The accountant has seen an agreement signed by both companies stating that the K3m will be repaid to Buddy in four months’ time. The finance director argues that the proposed accounting treatment is acceptable because the payment has been made in advance in case Buddy wishes to order goods in the next four months. However, the accountant has seen no evidence of any intent from Buddy to place orders with Kafue. The accountant has been in her position for only a few months and the finance director has recently commented that ‘all these accounting treatments must be made exactly as I have suggested to ensure the growth of the business and the security of all our jobs’. Both finance director and accountant are qualified accountants.
Required Discuss the ethical issues and accounting issues arising from the scenario, including any actions which the accountant should take to resolve the issue.
Answers
There are several ethical issues at play in the scenario described above. Firstly, the finance director is requesting that a cash advance received from a related party be recorded as a reduction in trade receivables, which would have the effect of artificially improving the company's financial position.
This is concerning as it could mislead stakeholders who rely on the financial statements to make decisions about the company.
In addition, the finance director's comment regarding the necessity of following his suggested accounting treatments suggests that he may be pressuring the accountant to act unethically. This could potentially compromise the accountant's independence and objectivity.
The lack of evidence of any intent from Buddy Company to place orders with Kafue also raises red flags. It is possible that the finance director is attempting to manipulate the financial statements to avoid breaching debt covenant limits or overdraft limits, which could have serious consequences for the company's future viability.
As qualified accountants, both the finance director and the accountant have a professional responsibility to act in the best interests of the company and its stakeholders. They should ensure that the financial statements accurately reflect the company's financial position and performance, and should not engage in unethical or fraudulent behavior.
The accountant should raise her concerns with the finance director and seek guidance from the company's audit committee or external auditors if necessary. If the finance director continues to pressure the accountant, she may need to consider escalating the issue to senior management or the board of directors. Ultimately, the accountant should prioritize her professional ethics and integrity, even if this means putting her job at risk.
learn more about finance director here
https://brainly.com/question/33240073
#SPJ11
The storage area is where the merchandise is presented to the customer. True or false
Answers
Which are major situational considerations or variables in determining whether or not to involve a group in the decision-making process? Select all that apply. Complexity of the problem Time constraints Organizational complexity Availability of information
Answers
Answer:
The correct answer will be Option B "Organizational complexity ".
Explanation:
A Complex organization does indeed have a broader organizational structure or even more personnel in each group, mission, or team. Complexity can sometimes be susceptible to multiple actors, various organizational structures, as well as different service will be produced that would need to be implemented.The other given choices are not related to the given scenario. So that the above would be the appropriate choice.
it is antibullying month what are some ways you can prevent bullying to happen in any way?
Answers
suppose that a tax of $6 is imposed on this market, what is the tax-incidence? a. 1/3 b. 2/3 c. 1/2 d. 3/4
Answers
The tax incidence refers to the way in which the burden of a tax is shared between buyers and sellers in a market. option a is correct.
In this case, if a tax of $6 is imposed on the market, it is likely that both buyers and sellers will bear some of the burden. The actual incidence of the tax will depend on the elasticity of supply and demand in the market. If demand is relatively inelastic, then buyers may bear a larger share of the burden. Conversely, if supply is relatively inelastic, then sellers may bear a larger share of the burden. Without additional information about the elasticity of supply and demand in this particular market, it is difficult to determine the exact tax incidence. Therefore, the answer to this question cannot be determined based on the information provided.
To know more about incidence visit :-
https://brainly.com/question/13671781
#SPJ11
"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
How
has the senate become a theart to canadian democracy?
Answers
The Canadian Senate is the upper house of the Parliament of Canada and is composed of appointed members who serve until they reach the mandatory retirement age of 75. The Senate's main functions include reviewing and revising legislation passed by the House of Commons, studying public policy issues, and representing the regions and minorities of Canada.
However, the Senate has been criticized for various reasons, including its lack of democratic legitimacy, as its members are appointed rather than elected. Critics argue that this results in an undemocratic institution that is not accountable to the Canadian public.
Furthermore, the Senate has been the subject of several controversies in recent years, including allegations of inappropriate expenses and ethical violations by some of its members. These controversies have led to calls for reform or even abolition of the Senate.
In addition, the Senate's role in the legislative process has been limited in recent years, as the government has frequently used its majority in the House of Commons to pass legislation without significant review or amendment by the Senate.
Overall, while the Senate plays an important role in Canadian democracy, it has been criticized for its lack of democratic legitimacy and accountability, as well as its limited effectiveness in the legislative process.
Click the below link, to learn more about Senate:
https://brainly.com/question/24779287
#SPJ11
Had to split question into two photos for words to remain clear and visible
Question 13 The firm is evaluating a proposal to extend credit to a group of new customers. The new customers will they will pay in 30 days. The variable contrato eCOGS) is 80% of sales, collection expenses are 5% Cocor upront, while the collection cost out on the date in which the customer's payment is recal one day's sales the firm grants credit?
Answers
The firm is evaluating a proposal to extend credit to a group of new customers who will pay in 30 days. The variable cost (COGS) is 80% of sales, and collection expenses are 5%. The collection cost is incurred on the date when the customer's payment is received. The question asks if the firm should grant credit to these new customers.
Step 1: Analyze the costs and benefits associated with extending credit.
The variable cost (COGS) represents 80% of sales, which is the cost of producing the goods sold. Collection expenses are 5% of the sales, which are the costs associated with collecting payments from customers.
Step 2: Evaluate the risks and potential returns.
Extending credit to new customers can lead to increased sales and revenue. However, it also comes with the risk of non-payment or delayed payments, which can affect cash flow and profitability.
Step 3: Compare the potential returns to the costs.
To determine if granting credit is a wise decision, the firm needs to weigh the potential increase in sales and revenue against the costs associated with extending credit and collecting payments.
Step 4: Make a decision.
If the potential returns outweigh the costs and risks, the firm should consider extending credit to the new customers. However, if the costs and risks are too high, it might be more prudent to avoid granting credit to these customers and explore other options for growing sales and revenue.
In summary, to decide whether to grant credit to the new customers, the firm should carefully analyze the costs and benefits, evaluate the risks and potential returns, and compare these factors before making a final decision.
To know more about collection cost refer here
brainly.com/question/30796904#
#SPJ11
a proficiently performed internal activity that is central to a company's strategy and competitiveness.
Answers
An internal activity that is central to a company's strategy and competitiveness is referred to as a core competency. These competencies are crucial for a company to achieve a competitive advantage in the industry in which it operates. A core competency is a proficiency that the company has developed over time and is difficult for competitors to duplicate.
The following is a more in-depth discussion of core competencies.Core competencies are abilities and expertise that distinguish a company from its competitors. They are the unique strengths and capabilities that a company possesses that allows it to deliver exceptional value to its customers.
Companies that have a strong set of core competencies can perform internal activities more efficiently and effectively than competitors, giving them a significant advantage.Core competencies can be classified into two categories: technical and strategic.
Technical competencies are the skills and expertise required to produce a company's products or services, such as engineering, design, or programming. Strategic competencies are the skills and expertise required to make strategic decisions and navigate the complex business environment in which the company operates.
Companies that have a strong set of core competencies can use them to create new products, services, and processes that offer a competitive advantage over competitors. For example, Apple's core competencies in design, marketing, and branding have allowed it to create products that are aesthetically pleasing, easy to use, and highly desirable. Companies that lack core competencies may struggle to compete effectively in their industry.
To know more about competitiveness visit:
https://brainly.com/question/2570802
#SPJ11
how to estimate project risk. In so doing, you define and describe (giving examples):
Sensitivity analysis
Simulation Analysis
Discuss the strengths and shortcomings of these methods and the circumstances under which each can be applied. (Make sure I put ILO for quant in here)
Answers
Project risk estimation involves assessing uncertainties and their impact on outcomes using sensitivity analysis and simulation analysis, identifying significant variables and probabilistic modeling for estimating likelihood and impact.
Sensitivity analysis: Sensitivity analysis is a technique used to determine how changes in specific variables or assumptions affect project outcomes. It helps identify the key drivers of risk and allows project managers to focus on those variables that have the most significant impact.
For example, in a construction project, sensitivity analysis can be used to determine how changes in labor costs or material prices impact the project's overall cost and completion time.
Simulation analysis: Simulation analysis involves creating a model that simulates different scenarios and their corresponding probabilities to estimate project outcomes. It considers a range of possible values for uncertain variables and generates a distribution of possible project outcomes.
For instance, in a financial investment project, simulation analysis can be used to assess the likelihood of different investment returns based on various market conditions and economic factors.
Strengths and shortcomings:
Sensitivity analysis provides a straightforward approach to identify critical variables, allowing project managers to focus on areas of highest risk. However, it assumes that the variables are independent and does not capture the joint effects of multiple variables.
On the other hand, simulation analysis considers the interdependencies among variables and provides a probabilistic view of project outcomes. It captures a wider range of uncertainties and allows for a more comprehensive risk assessment.
However, simulation analysis requires more data and expertise to develop the model and interpret the results accurately.
Applicability:
Sensitivity analysis is suitable when there is limited data available, and the focus is on identifying the most influential variables. It is also useful when a quick assessment of risk is needed.
Simulation analysis is more appropriate when there is a higher level of uncertainty, and a more comprehensive analysis of risk is required. It is especially useful for complex projects or when a probabilistic view of outcomes is desired.
Both methods can be used together, with sensitivity analysis providing a preliminary assessment and simulation analysis providing a more detailed and probabilistic assessment of project risk.
Learn more about Sensitivity here:
https://brainly.com/question/32974654
#SPJ11
what are three primary reasons for asking others to review and comment on a presentation
Answers
Answer: to review content for accuracy, suggest improvements, or document feedback
Explanation:
i just took it
The scientific approach to management emerged in the early 20th century when companies wished to increase worker productivity to counteract _____.
a) high inflation rates
b) more automated jobs
c) labor shortages
d) diminishing inventory levels
Answers
Answer:
c) labor shortages
Explanation:
In the early 20's when companies and various other organisations faced the problem of labor shortages, that is labor was less than the requirement the companies came up with the scientific approach to management.
Scientific management aims at efficiency and with that greater management of labor productivity.
The early practice of applying the science behind management was started with this, and the observed results were so emphasising, that the practice is followed even now.
Resource scientists help the understanding in which of the following areas
Answers
The resource scientists gives an insight into some areas that includes
commerceenergytransportationagriculture etcWho are the resource scientists?These are scientist that deals with extraction of substance which exists in the earth and could be extracted someday at some price with some technology.
Most times, these resource scientists work with other geoscientists or social scientists to help solve arising issues in their departments.
Read more about resource scientists
brainly.com/question/2818981
#SPJ1
Resource scientists help understanding and solve the issues in areas such as commerce, energy, transportation, agriculture, and the environment.
What is a resource scientist?A resource scientist is someone who conducts research on climate, weather, and site conditions.
Resource scientists generally works with the geoscientists or social scientists to help them in getting the solution for the issues related to the agriculture, environment etc.
The quality or skills that is needed for the resource scientist are critical thinking, math skills, writing skills, communication etc.
Learn more about the scientists here:-
https://brainly.com/question/12965344
#SPJ1
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
Your parents are giving you $200 a month for 4 years while you are in college. At an interest rate of .47 percent per month, what are these payments worth to you when you first start college?
Answers
Answer:
50k for mee i am rich you gareb
Which of the following is the most profitable investment for a game shop earning 2 profit from every game sold
Answers
Answer: 3 profit
Explanation:
What is the answer I need help!!
Answers
Answer:
I, II, and III
Explanation:
Customer sales service is representative of the services given to a customer who has bought or continues to buy a product or service from a company and includes after sales service that can be provided by a manufacturer, retailer, a third party training provider, or automated self service. The provision of customer sales service improves the relationship between the customer and the company, and it is an important aspect of customer satisfaction
Therefore, customer sales service comprises technical support, customer service, and automated customer service which is the option I, II, and III
If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answers
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answers
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO
What is one benefit US workers who have a college degree rather than a high school diploma?
Answers
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
at the _____ stage in the consumer adoption process, buyers consider the likely benefits of the product.
Answers
At the evaluation stage in the consumer adoption process, buyers consider the likely benefits of the product.
During the evaluation stage, consumers assess the potential advantages and benefits of the product or service they are considering. They compare it to alternatives, weigh the advantages and disadvantages, and evaluate how well it meets their needs and preferences. This stage involves gathering information, seeking reviews or recommendations, and analyzing the product's features, quality, functionality, and value.
The evaluation stage is crucial as it influences the consumer's decision-making process and whether they ultimately choose to adopt the product or service. Positive evaluations of the product's benefits can lead to a higher likelihood of adoption, while negative evaluations may result in the consumer opting for an alternative.
Understanding the consumer evaluation stage helps marketers and businesses position their products effectively, highlight their unique selling propositions, and address potential concerns or doubts that consumers may have.
Learn more about evaluation here:
https://brainly.com/question/33104289
#SPJ11
in the luxury-good industry, there are brands that have been losing money for five or even ten years, and have survived as part of a luxury group or as a diversification within another industrial company. explain two reasons why those brands are being kept despite of losing money? clearly explain your answer with details.
Answers
There are two reasons why luxury brands that have been losing money for five or even ten years are being kept despite of losing money.
Long-term strategy: Many luxury companies aim to maintain a balanced portfolio of brands to address different consumer segments, age groups, and fashion trends. Therefore, luxury companies keep unprofitable brands within their portfolio as part of a long-term strategy to compete with rivals, as well as to gain a larger market share. In other words, these brands are kept for future growth prospects and the long-term strategy of the company.
Strategic value: Unprofitable brands within a luxury group or as a diversification within another industrial company can be kept for their strategic value. For example, a brand can be valuable for its heritage, a strong brand image, or unique features. It may also be useful in providing support to other brands within the same group or diversification, thus providing a competitive advantage. In other words, these brands are kept for their strategic value to the company in the luxury market.
For more such questions on luxury brands
https://brainly.com/question/15247102
#SPJ11
Rather than making the effort to conduct a detailed assessment of the cost of recovery from an attack when estimating the danger from possible threats, organizations often __________.
Answers
Which one of the following statements is correct?
Multiple Choice
The performance of professional money managers improves the longer the investment period.
In a totally efficient market every investment has a zero net present value.
Portfolio managers with tenures greater than 10 years consistently outperform the market.
The number of mutual funds outperforming the Vanguard 500 Index fund over a 10-year period is steadily rising.
Mutual funds that are actively managed outperform index funds over the long term.
Answers
The statement that is correct among the following given options is: In a totally efficient market every investment has a zero net present value.What is the Efficient Market Hypothesis?
Efficient Market Hypothesis (EMH) is a theory that states that the stock market is "informationally efficient," implying that investors who buy and sell stocks are rational, information-hungry, and capable of instantly analyzing new data about corporate earnings, dividend payouts, and other pertinent variables that affect stock prices.In an Efficient Market Hypothesis (EMH), it is thought that the current share price reflects all publicly available information about a company's potential for future profits.
In other words, no single party has an information advantage over another, making it difficult to profit from stock selection without assuming greater risk.
Learn more about Efficient Market Hypothesis
https://brainly.com/question/32821596
#SPJ11
When labor is used in manufacturing and the company uses a standard costing system, the journal entry to record labor is a debit to the Work-in-Process account for the standard cost amount (not actual cost); the entry also includes any favorable labor variances as debit amounts in variance accounts.
Group of answer choices
True
False
Answers
The statement is False. When labor is used in manufacturing and the company uses a standard costing system, the journal entry to record labor includes both the standard cost amount and any labor variances.
But the standard cost amount is credited to the Work-in-Process (WIP) account, not debited. In a standard costing system, the standard cost is predetermined and represents the expected cost of labor for a specific unit of production.
When labor is used in manufacturing, the journal entry typically includes the standard cost of labor as a credit to the WIP account, indicating a decrease in the WIP balance.
Labor variances, on the other hand, occur when the actual labor cost differs from the standard cost. These variances can be favorable (if the actual cost is lower than the standard) or unfavorable (if the actual cost is higher than the standard). To account for labor variances, debit entries are made in variance accounts.
For example, if the actual labor cost is lower than the standard cost, a favorable labor variance would be recorded as a debit in a variance account, such as the Labor Efficiency Variance account. This entry recognizes the cost savings achieved through efficient labor usage.
Learn more about journal entry here:
https://brainly.com/question/30499005
#SPJ11
What provides a visual path for the eye to follow, creating mor on in the design?
Answers
I believe is this correct im not 100% sure.
Answer:
line
Explanation: