Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliament has budgeted sales as indicated in the following table. The company expects a 10 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.

Required:
Determine the amount of sales revenue Parliament will report on its first quarter pro forma income statement.

Answers

Answer 1

Answer:

Note: The complete question is attached as picture below

We are add the previous month +10% to get that month's amounts

                              Sales Budget

                       January     February    March

Cash sales      $50,000   $55,000    $60,500

Credit sales    $120,000  $132,000  $145,200

Total sales      $170,000 $187,000  $205,700

Workings:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

Parliament Company, Which Expects To Start Operations On January 1, Year 2, Will Sell Digital Cameras
Answer 2
The amount of sales revenue Parliament will report on its first-quarter pro forma income statement is to be presented below:

Here we have added the  previous month +10% to get that month's amounts

So,

                             Sales Budget  

                      January     February    March

Cash sales      $50,000   $55,000    $60,500

Credit sales    $120,000  $132,000  $145,200

Total sales      $170,000 $187,000  $205,700

Workings note

For February

Cash sales = 50,000 + (50,000 ×10%)

= $55,000

Credit sales= 120,000+(120,000 × 10%)

= $132,000

For March

Cash sales = 55,000+(55,000 × 10%)

= $60,500

Credit sales= 132,000+(132,000 × 10%)

= $145,200

In this way, the amount should be determined.

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which of the following loans require flood insurance? assume that all loans are in an sfha and in a participating community.

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All loans in an SFHA and participating community require flood insurance.

Which loans from the list below demand flood insurance?Flood insurance is a requirement for all loans that are situated in a Special Flood Hazard Area (SFHA) and in a community that is a participant.Lenders will compel borrowers to get flood insurance if a loan is secured by a building situated inside an SFHA.Since the federal government does not cover the lender against flood damages, this insurance is meant to shield the lender from financial losses as a result of floods.Only when a structure located in an SFHA is used as collateral for a loan and the community participates in the National Flood Insurance Program is a flood insurance policy necessary (NFIP).In conclusion, flood insurance is a requirement for every loan that is situated in an SFHA and a participating neighbourhood.Furthermore, the majority of lenders that are governed by or insured by the federal government, as well as the U.S. Department of Housing and Urban Development, the U.S. Small Business Administration, and the U.S. Department of Agriculture, will also demand flood insurance.

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TRUE/FALSE. when a competitive firm maximizes profit, it will hire workers up to the point where the question 12 options: marginal product of labor is equal to the product price. marginal product of labor is equal to the wage. value of the marginal product of labor is equal to the product price. value of the marginal product of labor is equal to the wage.

Answers

This option is true, the fee of the marginal product of labor is equal to the wage.

A competitive, profit-maximizing association hires employees up to the point where the price of the marginal product of labor is equal to the wage.

What is marginal product with example?

A right example of the marginal product of labor is a kitchen in a restaurant. With no cooks, the restaurant's production will be zero When one cook is hired, the restaurant's manufacturing can also extend to 10 meals, yielding a fine MPL of 10.

What is marginal profit formula?

Marginal profit (MP) = Marginal income (MR) - marginal value (MCMC) In current microeconomics, companies in competition with every other will tend to produce units till marginal fee equals marginal income (MCMC=MR), leaving successfully zero marginal profit for the producer.

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which of the following is not a subcategory of postmodernist art?

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Abstract expressionism is not a subcategory of postmodern art, according to the question.

What do you mean by Postmodern Art?

Postmodern Art rejected modernism's established values in favour of experimenting with new media and artistic genres such as intermedia, installation art, conceptual art, multimedia, performance art, and identity politics. Pop art, conceptual art, collage, installation art, video art, neo-expressionism, appropriation, feminist art, and performance art are only a handful of the many aesthetic trends that comprise postmodern art.

Abstract expressionism, a post-World War II art movement in American painting, was born in New York City in the 1940s. It was the first purely American movement to have an international impact, and it displaced Paris as the centre of Western art.

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Your final behavioral interview question involves using metrics to answer business questions. Your interviewer hands you a copy of PatelEventsData.
Then, she asks:
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Answers

Net profit in 2019 is the metric to use (column F).

What is Net profit?The amount you make after deducting all legal business expenses is known as your net profit. You track net profit over a specified time frame. For instance, you could locate the first quarter's net profit.Finding and monitoring net profit can be straightforward, especially if you use simple accounting software. You input your financial transactions into the software. The computer program then computes totals for you. Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a given accounting period. Net profit is the amount of money your company makes over a specific time period after subtracting all operating, interest, and tax costs.

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which of the following are attainable production points that are not efficient? Check all that apply. Point A Point B Point C Point D Point E

Answers

The four elements of production are land, labor, capital, and entrepreneurialism, according to economists.

What is a productive point that is effective?

Production efficiency is a word used in economics to describe the point at which an economy or other entity can no longer produce more of one good without reducing the level of production of a different one. When production is allegedly taking place along a production possibility frontier, something occurs (PPF).

On a frontier of production options, where are the efficient points?

The Production Possibilities Curve (PPC) is a model that depicts scarcity and the opportunity costs of alternatives when given the choice between producing two goods or services. Points are inefficient within the PPC, efficient within the PPC, and unreachable outside the PPC.

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Answers

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How would you define production?

Production refers to the process of mixing multiple inputs, both immaterial (such as concepts or information) and real (such as metal, lumber, glass, or polymers). In a perfect world, this output would be a product or service that is useful to others and has value.

Briefing:

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(c) The "A," "C," and trade term must be among 4 and 9 in length.

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What happened to the American economy in 2009?

Real GDP plummeted 4.3 percent from its peak in the fourth quarter of 2007 to its lowest point in the second quarter of 2009, the largest drop in postwar history (based on data as of October 2013). The unemployment rate rose from 5% in December 2007 to 9.5% in June 2009, reaching 10% in October 2009.

Has the economy of the United States rebounded since 2008?

Full-time employment did not recover to pre-crisis levels until August 2015. The unemployment rate ("U-3) climbed from 4.7% in November 2008 to 10.0% in October 2009 before decreasing down to 4.7% in November 2009.

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External costs are borne by a party unrelated to the transaction. The comparison between internal and exterior benefits is identical. Private advantages are perks received by people who buy and use a product. External benefits are benefits received by a party other than the customer or even the vendor.

Who covers external costs?

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An ethnocentric attitude is the parochialistic belief that the best work approaches and practices are those of the home country.

Parochialism refers to seeing the world just from your own eyes and viewpoints and failing to acknowledge that people live and work in various ways. The nationalistic idea that domestic methods and procedures are the best is known as an ethnocentric mentality. The belief that local managers are aware of the most effective work methods and procedures for managing their company's operations is known as a polycentric mentality.

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An accessibility feature's resources and behaviors are specified by a resource policy, which is a system rule. An action is to "allow" or "deny" a resource or to conduct or not perform a function, and a resource can be a server or a file that may be accessed through the system.

HR policies are ongoing instructions on the strategy that a company wants to use to manage its employees. In addition to outlining the organization's intentions on many facets of human resource management, such as recruiting, promotion, compensation, training, and selections, they serve as precise guidelines for HR managers on a variety of employment-related issues.

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spring up.

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The move toward global marketplaces makes it easier to foresee where rivals may emerge. With the advent of globalization, and hence the rise of market capitalism across the world, rivals may now come from almost anywhere.

What is the primary goal of globalization?

Globalization, sometimes known as globalization, is the process of contact and integration among people, businesses, and governments all over the world. The term globalization initially arose in the early twentieth century, evolved into its modern meaning somewhere in the second half of the twentieth century, and became popular in the 1990s to characterize the post-Cold War world's unparalleled worldwide connection. Its beginnings may be traced back to the 18th and 19th centuries when transportation and communication technologies advanced.

Globalization changes the interactions between governments, companies, and individuals. It explicitly modifies the nature of economic activity between nations by boosting commerce, developing global supply chains, and facilitating access to natural resources and labor markets.

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a method to hedge foreign currency exposure by borrowing and lending in the domestic and foreign money markets is a blank .

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In order to reduce the risk caused by certain foreign exchange holdings, foreign currency hedging entails the acquisition of hedging instruments.

What is acquisition?

An acquisition occurs when one business buys majority or all of the stock of another business to take over that business. In order to make decisions regarding newly acquired assets without the consent of the target business's other shareholders, the acquirer must purchase more than 50% of the shares and other assets of the target company. Acquisitions can happen with or without the target company's consent and are quite common in business. They might look for cost savings, increased synergy, increased market share, economies of scale, or new niche products. Purchasing an existing firm in a foreign market may be the quickest option for a corporation to enter a new market if it intends to extend its operations there.

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ace corporation recently purchased a new machine for its factory operations at a cost of $950,000. the investment is expected to generate $250,000 in annual cash flows for a period of five years. the required rate of return is 8%. the new machine is expected to have zero salvage value at the end of the five-year period.

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The internal price of return (IRR) is a metric used in financial analysis to estimate the profitability of attainable investments. IRR is a cut price charge that makes the internet current value (NPV) of all cash flows equal to zero in a discounted cash float analysis.

The formula for calculating the internal rate of return (IRR) is as follows:

  Internal Rate of Return (IRR) = (Future Value ÷ Present Value)^(1 ÷ Number of Periods) – 1.

   0 = CF t = 0 + [CF t = 1 ÷ (1 + IRR)] + [CF t = 2 ÷ (1 + IRR)^2] + … + [CF t = n ÷ (1 + IRR)^n]

   0 = NPV Σ CFn ÷ (1 + IRR)^n.

IRR calculations matter on the same method as NPV does.

Calculate the internal rate of return.

The inner charge of return is closest to 10%

For calculating IRR, there is trial & error approach wherein you use discount price & locate out the fee of discount by way of trial & error whereby NPV is zero, or you can use excel for this calculation

Step 1. Plot the cashflows as in excel

Year 0       Year 1        Year 2       Year 3      Year 4     Year 5

-950,000  250,000  250,000  250,000  250,000  250,000

Step 2 Use Formula IRR =IRR ( range)

Internal price of return = 10%

What is IRR and example?

IRR is the price of pastime that makes the sum of all cash flows zero, and is useful to compare one investment to another. In the above example, if we substitute 8% with 13.92%, NPV will come to be zero, and it really is your IRR. Therefore, IRR is described as the bargain rate at which the NPV of a challenge will become zero.

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The demand curve for money shifts to the right when
A. the nominal interest rate decreases
B. the nominal gross domestic product increases
C. the real gross domestic product decreases
D. inflation decreases
E. the velocity of money increases

Answers

The demand curve for money shifts to the right when The velocity of money increases

While the money demand curve shows the relationship between the amount of money demanded and the interest rate in the economy, money demand refers to the overall demand for retaining cash in an economy. Let's take a step back and give these terms some context. It is practical for people to keep money in their pockets or bank accounts. They can pay their bills each day while they shop for food or go out with pals. However, there is a fee associated with storing cash on hand or in checking deposits. The cost of keeping money is known as the opportunity cost, and it is the amount of money you would have made if you had invested it in a resource that yields returns. even retaining

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several documents are not covered under the esign act. which of the following is not covered under the act?

Answers

A Trust Agreement is not covered under the E sign Act.

The E sign Act only applies to contracts and other documents that are considered “electronic records” under the Act. Trust Agreements are legal documents that establish the relationship between a trust and its beneficiaries, and are typically not considered electronic records under the eSign Act.

The E sign Act was designed to ensure that electronic documents, such as contracts, are legally enforceable in the same way as paper documents.

It applies to contracts, leases, and other documents that involve interstate or foreign commerce, and requires that a signature be provided electronically in order for the document to be legally binding.

Trust Agreements, however, are not typically considered documents that involve interstate or foreign commerce and are not covered by the Act.

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stephen and whitney have been married for 10 years. after taxes and other payroll deductions, they bring home $68,000 annually. if they save 10% of their take-home pay and use the rest for household living expenses, how much should they have in an emergency fund to meet the 3-month emergency fund requirement? (tip: assume that they spend all the rest of money on living expenses.) question 4 options: $5,100. $15,300. $17,000. $20,400.

Answers

They should have $17,000 in an emergency fund to meet 3-month emergency fund requirement.

What is an emergency fund?

A personal budget set aside as a financial safety net for potential disasters or unforeseen bills is known as an emergency fund, sometimes known as a contingency fund. A crucial component of financial planning, it is meant to guarantee that one's personal finances are ready for any emergency so that the dangers of depending on credit, incurring debt, or simply running out of money are decreased if such a circumstance were to arise. Emergency savings can be used for unexpected travel costs, job loss, medical emergency, car trouble, and home appliance repairs and replacements. Depending on a person's individual financial or economic position, a recommended amount of money should be set aside for an emergency fund.

Emergency fund requirement= $68,000/4=$17,000

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japan and the united states are trading partners with flexible exchange rates. the currency of the united states is the dollar, and the currency of japan is the yen. which of the following changes in the united states will most likely increase aggregate demand in japan?

Answers

Changes in exchange rate of dollars in the United States will most likely increase aggregate demand in Japan.

What is aggregate demand and an illustration?

On the other hand, aggregate demand calculates the total market value of every good and service an economy generates and expresses it as a sum in dollars. A nation might, for instance, have a $1 billion annual aggregate demand for products and services.

Why is it significant?

In any economy, aggregate demand is a way to examine all of the demand for products and services. It is a macroeconomics instrument that can be used to estimate or forecast a country's total economic strength for a specific time period, usually a year.

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Consider a 8.4 percent coupon bond with eleven years to maturity and a current price of $1,041.40. Suppose the yield on the bond suddenly increases by 2 percent.
a. Use duration to estimate the new price of the bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $
b. Calculate the new bond price. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price $

Answers

a. The new price of the Bond will be: $883.32

b. The new price of the Bond is B0: $882.21

How do coupon bonds function?

A coupon bond is a form of bond that has attached coupons and pays periodic (usually annual or semi-annual) interest payments as well as its par value upon maturity. These bonds have a coupon rate, which is the bond's yield at the time of issuance.

a. Yr         F.I                     PVF 8.4%             PV of Inflow   Yr × PV of inflow

   1          84                    0.9225                    77.491           77.49

   2          84                      0.8510                    71.486          142.97

   3          84                      0.7851                    65.946           197.84

   4          84                      0.7242                   60.836           243.34

   5          84                     0.6681                     56.122           280.61

   6          84                     0.6163                      51.773           310.64

   7          84                       0.5686                    47.761           334.33

   8           84                      0.5245                    44.060         352.48

   9           84                      0.4839                     40.646          365.81

  10           84                      0.4464                     37.496          374.96

   11       1084                       0.4118                     446.391          4910.30

                                            Total                      1000.00         7590.78

Bond Duration: 7590.78/1000 7.591

Change in Price = -1*Bond Duration*Change in YTM

Change in Price = -1*7.591*2%

Change in Price = -15.18%

Bond Price = 1041.40

Change in Bond Price = 1041.40 + (1041.40*-15.18%)

Bond Price = $883.32

b. Bond Price B0= (Annual Interest*(PVIFA 11%, 10 years)+(Maturity Value*(PVIF 11%,10 years)

Face Value= 1000

Interest Rate=  8.4%

Annual Interest= 84

YTM 8.4+2= 10.4%

Years to maturity= 11

Bond Price B0= (Annual Interest*(PVIFA 10.4%, 11years) + (Maturity Value*(PVIF 10.4%,11 years)

Bond Price B0= (84*(PVIFA 10.4%, 11years) + (1000*(PVIF 10.4%,11 years)  

Bond Price B0= (90* 5.8892) + (1000*0.3522)  

Bond Price B0= 530.028+352.1845  

Bond Price B0= 882.21

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A monopolistically competitive firm that is earning profits will, in the long run, experience all of the following except A. demand for the firm's product becomes more elastic. B. new rivals entering the market. C. a decrease in the number of rival products. D. a decrease in demand for its product.

Answers

All of the following, with the exception of C, will apply over time to a firm that is operating profitably in a monopolistically competitive market.

What happens to a monopolistic rival's earnings over time?

Long-term economic gains or losses in monopolistic competition will be removed by entry or leave, leaving firms with no economic gains. There will be some excess capacity in a monopolistically competitive business; this could be seen as the price paid for the variety of products that this market structure brings about.

Companies engaged in monopolistic competition generate economic profits in the short term, but not over the long term. The latter is a product of the industry's open entry and departure policies as well.

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as one proceeds from left to right across a given period on the periodic table, and top to bottom, the atomic radius of the elements generally:

Answers

As one proceeds from left to right across a given period on the periodic table, the atomic radius of the elements generally decreases and it increases from top to bottom.

How does the periodic table change as you walk from left to right?

Moving from left to right in a period of the periodic table results in a reduction in atom size. With an incremental in the atomic number, the number of protons and the nuclear positive charge both rise. The atom's size diminishes when the nucleus draws in the outermost electron.

In general, the atomic radius grows down a group and decreases over a period. Over time, effective nuclear charge rises but electron shielding stays the same. Moving from left to right throughout a period, the effective nuclear charge also rises as the atomic number climbs. The nucleus pulls on the outer electrons more strongly as it moves from left to right over a period and the atomic radii decrease.

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an increase in the expected inflation rate will cause which of the following? responses a rightward shift in the aggregate demand curve a rightward shift in the aggregate demand curve a rightward shift in the short-run phillips curve a rightward shift in the short-run phillips curve a rightward shift in the short-run aggregate supply curve a rightward shift in the short-run aggregate supply curve a leftward shift in the long-run phillips curve a leftward shift in the long-run phillips curve a leftward shift in the long-run aggregate supply curve

Answers

Initial output will be higher than potential GDP, but the economy will eventually recover to potential GDP with higher price levels.

How does the predicted inflation rate increase affect the long-term Phillips curve?

But over time, as the economy's actual unemployment rate reaches the natural rate of unemployment, the Phillips Curve turns vertical. Therefore, an increase in the level of predicted inflation rate over the long term will only result in an increase in inflation but not an increase in unemployment.

What impact do inflation expectations have on overall supply?

changes to inflation expectations. if manufacturers believe future sales of their products will be substantially more expensive.

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A petroleum company produces 3 grades of motor oil â super, premium, and extra â from 3 components. The company wants to determine the optimal mix of the 3 components in each grade of motor oil that will maximize profit. The maximum quantities available of each component and their cost per barrel are as follows:
Component Maximum Barrels Available per Day Cost per Barrel
1 4,500 $12
2 2,700 $10
3 3,500 $14
To ensure the appropriate blend, each grade has general specifications. Each grade must have a minimum amount of component 1 plus a combination of other components, as follows:
Grade Component Specifications Selling Price per Barrel
Super At least 50% of 1 & Not more than 30% of 2 $23
Premium At least 40% of 1 & Not more than 25% of 3 $20
Extra At least 60% of 1 & At least 10% of 2 $18
The company wants to produce at least 3,000 barrels of each grade of motor oil.
Formulate a linear programming model for this problem (define your decision variables; write the objective function and all the relevant constraints). For this question, follow the answer given under blending problems discussed on pages 166-171 in the textbook.
Use the Excel Solver to find the optimal blend mix and the maximum profit. State the optimal blend mix and maximum profit.

Answers

Si, Pi, and Ei >= 0 Let P1, P2, and P3 represent the number of barrels (of component 1, 2, or 3) that will be utilized to create premium grade oil.

What is the term "company" mean?

A firm is a legal body created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Based on the corporate legislation of its jurisdiction, a corporation may be set up in a number of ways for tax and current burden reasons.

Briefing:

LP model is following:

Let S1, S2, S3 be the quantity (barrels) of component 1,2,3 to be used to produce Super grade oil

P1, P2, P3 be the quantity (barrels) of component 1,2,3 to be used to produce Premium grade oil

E1, E2, E3 be the quantity (barrels) of component 1,2,3 to be used to produce Extra grade oil

Max 23(S1+S2+S3)+20(P1+P2+P3)+18(E1+E2+E3)-12*(S1+P1+E1)-10(S2+P2+E2)-14(S3+P3+E3)

s.t.

S1+S2+S3 >= 3000

P1+P2+P3 >= 3000

E1+E2+E3 >= 3000

S1 > 0.5(S1+S2+S3)

S2 <= 0.3(S1+S2+S3)

P1 >= 0.4(P1+P2+P3)

P3 <= 0.25(P1+P2+P3)

E1 >= 0.6(E1+E2+E3)

E2 >= 0.1(E1+E2+E3)

S1+P1+E1 <= 4500

S2+P2+E2 <= 2700

S3+P3+E3 <= 3500

Si, Pi, Ei >= 0

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On the statement of activities for a private, not-for-profit literary society, expenses decrease which of the following classes of net assets?
I. temporarily restricted net assets
II. unrestricted net assets
A. I only
B. II only
C. Either I or II
D. Neither I nor II

Answers

Unrestricted net assets are reduced by expenses on the statement of activities for a private literary society that is not for profit.

What Kind of Net Assets Are Unrestricted?

Donations to unrestricted nonprofit organizations constitute unrestricted net assets. That is, the organization can use the assets for any legitimate expense or general expenses.

What are the three kinds of restrictions on net assets?

Thus, unrestricted, temporarily restricted, and permanently restricted are the three categories of net assets.

What kinds of unrestricted net assets are there?

Therefore, the term "unrestricted net assets" refers to any kind of asset donated to a nonprofit organization by donors—whether it be cash or an asset—that can be used for any purpose at any time.

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Which of the following terms is used to refer to a focal firm's partial ownership of an existing firm?
A) turnkey operation
B) greenfield investment
C) direct investment
D) equity participation

Answers

The correct answer is equity participation. Equity participation refers to the possession of shares in a very company or property. Equity participation might involve the acquisition of shares through choices or by permitting partial possession in exchange for finance.

The larger the equity participation rate, the upper the share of shares owned  by stakeholders. The term “equity participation” refers to fairness and justice and is distinguished from equality: Whereas equality means that providing a similar to any or all, equity means that recognizing that we tend to don't all begin from a similar place and should acknowledge and build changes to imbalances.

In finance, "participation" is possession interest during a mortgage or alternative loan. Especially, participation loan may be a cooperation of multiple lenders to issue a loan (known as participation loan) to 1 receiver. This can be sometimes wiped out order to scale back individual risks of the lenders.

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Several artists in Norfolk, Virginia, have created an arrangement to sell their paintings. They have set up an art gallery in downtown Norfolk so tourists and art lovers can look at their paintings and buy the ones they like. Each artist takes a turn acting as the sales clerk at the gallery. In terms of the marketing channel, the artist who is on duty in the gallery is acting as a(n) _________.

Answers

Several artists in Norfolk, Virginia, have created an arrangement to sell their paintings. They have set up an art gallery in downtown Norfolk so tourists and art lovers can look at their paintings and buy the ones they like. Each artist takes a turn acting as the sales clerk at the gallery. In terms of the marketing channel, the artist who is on duty in the gallery is acting as a(n) retailer.

Expressionism, way during which the creative person seeks to depict not objective reality however rather the subjective emotions and responses that objects and events arouse inside an individual.

The purpose of a channel intercessor is to maneuver product to shoppers, whether or not business or client. Some intermediaries take title, or possession, of the merchandise from the producer. This suggests that they will set the value and management the ultimate technique of sale as a retailer. this might be an example of a merchant.

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Bonita Companyâs sales budget projects unit sales of part 198Z of 9,000 units in January, 10,600 units in February, and 11,900 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Bonita Company desires its ending raw materials inventory to equal 40% of the next monthâs production requirements, and its ending finished goods inventory to equal 20% of the next monthâs expected unit sales. These goals were met at December 31, 2021.
(a)
Prepare a production budget for January and February 2022.
BONITA COMPANY
Production Budget
choose the accounting period For the Month Ending January 31, 2022For the Two Months Ending February 28, 2022For the Quarter Ending February 28, 2022
January
February
select an opening production budget item Cost Per PoundDesired Pounds in Ending Materials InventoryBeginning Finished Goods InventoryDesired Ending Finished Goods InventoryBeginning Direct MaterialsDirect Materials PurchasesDirect Material Pounds Per UnitTotal Required UnitsTotal Pounds Needed for ProductionRequired Production UnitsTotal Materials RequiredTotal Cost of Direct Materials PurchasesExpected Unit SalesUnits To Be Produced
enter a number of units
enter a number of units
select between addition and deduction AddLess: select an item Total Required UnitsDesired Ending Finished Goods InventoryCost Per PoundTotal Cost of Direct Materials PurchasesDesired Pounds in Ending Materials InventoryBeginning Direct MaterialsTotal Pounds Needed for ProductionRequired Production UnitsDirect Materials PurchasesDirect Material Pounds Per UnitUnits To Be ProducedBeginning Finished Goods InventoryExpected Unit SalesTotal Materials Required
enter a number of units enter a number of units
select a summarizing line for the first part Total Cost of Direct Materials PurchasesRequired Production UnitsDesired Pounds in Ending Materials InventoryTotal Required UnitsTotal Materials RequiredTotal Pounds Needed for ProductionDirect Material Pounds Per UnitDirect Materials PurchasesDesired Ending Finished Goods InventoryUnits To Be ProducedBeginning Direct MaterialsExpected Unit SalesCost Per PoundBeginning Finished Goods Inventory
enter a total number of units for the first part
enter a total number of units for the first part
select between addition and deduction AddLess: select a production budget item Direct Material Pounds Per UnitDirect Materials PurchasesTotal Pounds Needed for ProductionBeginning Direct MaterialsCost Per PoundDesired Ending Finished Goods InventoryRequired Production UnitsTotal Materials RequiredUnits To Be ProducedTotal Required UnitsTotal Cost of Direct Materials PurchasesBeginning Finished Goods InventoryDesired Pounds in Ending Materials InventoryExpected Unit Sales
enter a number of units enter a number of units
select a closing production budget item Desired Ending Finished Goods InventoryTotal Pounds Needed for ProductionExpected Unit SalesTotal Materials RequiredBeginning Direct MaterialsTotal Required UnitsDirect Material Pounds Per UnitCost Per PoundDesired Pounds in Ending Materials InventoryBeginning Finished Goods InventoryTotal Cost of Direct Materials PurchasesUnits To Be ProducedDirect Materials PurchasesRequired Production Units
enter a total number of units enter a total number of units

Answers

The sales budget for Bonita Company forecasts 9,000 unit sales of component 198Z in January, 10,600 units in February. Required Production Units The date is January 9, 320. February 10,860.

A sales budget is a financial plan that forecasts a company's total revenue for a given time period. It forecasts the company's performance based on two factors: the quantity of items sold and the price at which they are sold. The company's management predicted sales of $ 5,000 in quarter one, $ 6,000 in quarter two, $ 7,000 in quarter three, and $ 8,000 in quarter four, with the selling price of $ 6 for the first two quarters and $ 7 for quarter three and quarter four. The sales budget is a planning technique that enables businesses to manage resources and earnings in accordance with predicted sales.

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Exercise
Two countries: the U.S. and Japan
Two goods: computers and wheat
• One resource: labor, measured in hours
• We will look at how much of both goods each country
produces and consumes - if the country chooses to be self-
sufficient - if it trades with the other country
Computer is on Horizontal axis
.
US
Japan
50,000 labor hours 30,000 labor hours
Computer Wheat Computer Wheat
50,000 0
30,000
0
40,000 10,000 25,000
5,000
30,000 20,000 20,000 10,000
25,000 25,000 15,000 15,000.
20,000 30,000 10,000 20,000
10,000 40,000 5,000
25,000
0
50,000
0
30,000
US
Production
100 hours = 1 computer 125 hours = 1 computer
10 hours 1 ton of wheat 25 hours = 1 ton of wheat
Japan
Production
Computer Wheat
0
500
Computer
240
Wheat
0
a. Calculate the production of computer and wheat for each
country.
b. Draw a production possibility curve for the US. Suppose
the U.S. uses half its labor to produce each of the two
goods. Then it will produce and consume 250 computers
and 2500 tons of wheat. Plot it on the graph.
c. Draw a production possibility curve for Japan. Suppose
Japan uses half its labor to produce each good. Then it will
produce and consume 120 computers and 600 tons of
wheat.
d. Suppose the U.S. produces 3400 tons of wheat. How many
computers would the U.S. be able to produce with its
remaining labor? Draw the point representing this
combination of computers and wheat on the U.S. PPF.
e. Suppose Japan produces 240 computers. How many tons
of wheat would Japan be able to produce with its remaining
labor? Draw this point on Japan's PPF.
f. Suppose the U.S. exports 700 tons of wheat to Japan, and
imports 110 computers from Japan. (So, Japan imports 700
tons wheat and exports 110 computers.) How much each
country gain from trade?
g. Who has the absolute advantages? Comparative
advantages? Why?

Answers

When each nation focuses on the good it produces at the lowest cost, two nations can benefit from trade.

What  are the comparison of both Countries ?

Absolute advantage calculates a product's cost based on the inputs needed to make it.

The amount of wheat that could be produced using the effort required to make one computer, in our example, is the opportunity cost of a computer.

Remember that opportunity cost also counts as a cost.

The amount of wheat that could be produced using the effort required to make one computer, in our example, is the opportunity cost of a computer.

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Nick is working on a deal to sell 1,000 calculators in Sweden. He learns that the country has just performed a major upgrade of its healthcare system
technology, which was financed by a loan from the European Union. Nick is now worried about his deal. What do you think is the cause of his concern?

Answers

Nick is working on a deal to sell 1,000 calculators in Sweden. Nick is now worried about his deal, the main concern of nick is whether his product will be sold at a profit at the market price.

What is the market Price?

The market price refers to the price at that a particular good or service is currently being bought or sold. The dynamics of both supply and demand influence the market cost of a product or service. The market price is the cost at which the quantity supplied and the amount demanded are equal.

Find the point where supply and demand are equal to calculate the market price. Find the market price by investigating factors such as market trends, the number of suppliers, as well as the number of current customers. Because market prices don't follow standard business formulas, calculating them might be difficult.

Market price refers to the price that is in effect on a specific day or at a specific moment. It is the outcome of supply and demand in the market.

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the marketing concept states that you almost never need to consider the needs and wants of the customers when developing a marketing mix.

Answers

The marketing concept is based on the idea that a company should focus on the needs and wants of customers when creating the marketing mix. This means that businesses should put customers first to create value for them and ensure that the company is profitable.

Customer requirements should be considered when designing products, services and prices. Companies should also consider customer feedback and preferences when determining how to market and promote their offerings. The marketing concept is therefore incorrect in its claim that a company should never consider the needs and wishes of its customers when creating a marketing mix.

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