Donnelly Manufacturing Donnelly Manufacturing sells cedar birdhouses. The company has prepared the following sales forecast for the third quarter of 2013: July 10,000 units August 12,000 units September 20,000 units Inventory at June 30, 2013 was budgeted at 1,500 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15% of next
month's budgeted unit sales. October's sales are projected to be 24,000 units. Each completed unit of finished product requires 2.5 square feet of cedar at a cost of $3.5 per square foot. Refer to the Donnelly Manufacturing information above. The company has determined that it needs 10 percent of next month's raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is:
A) $121,975
B) $ 34,850
C) $115,500
D) $ 46,200
A
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Mini-Case Question. Determine the required volume if the company's operating income is $20 million
A) 10 million units B) 20 million units C) 25 million units D) 30 million units E) 35 million units
Discuss the qualitative factors that should be considered in the evaluation of proposals in addition to the quantitative factors
Don't start your presentation with an apology or an excuse
Indicate whether the statement is true or false
First Bank loaned $400,000 to Thomas, taking a security interest in his yacht. Thomas defaulted on the loan and First Bank repossessed the boat. First Bank sold the yacht at a public sale. The sale yielded $50,000 more than the debt. First Bank:
a. must pay Thomas the $50,000. b. is entitled keep the $50,000. c. must share the $50,000 equally with Thomas. d. must pay the surplus to the Secretary of State.