Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$97Budgeted unit sales (all on credit): January 10,000February 12,000March 13,300April 15,200? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.5direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$9.00per direct labor-hourVariable selling and administrative expense$3.10per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 30% in the month of the sale 70% in the following month?Raw materials
purchases are paid: 30% in the month of purchase 70% in the following month?The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.?The expected cash collections for February is closest to:
A. $349,200
B. $970,000
C. $1,028,200
D. $679,000
Answer: C
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The ________ has the largest market share and usually shows the way to other firms in price changes, new-product introductions, distribution coverage, and promotional intensity
A) market challenger B) market entrant C) market follower D) market nicher E) market leader
Using the information below, answer the following questions:
a) Using equation 8-10 from the book, how much money will you need to have accumulated at the time of retirement to be able to meet your income needs during retirement?
b) If you were to make a single lump sum investment today, how much would you need to invest annually to meet your goal at the time of retirement?
c) If you were to invest an equal dollar amount each year, how much would you need to invest annually to meet your goal at the time of retirement?
d) Assume that your employer will raise your annual wage every year by at least the rate of inflation so that your retirement savings can also increase proportionally. Use equation 8-14 to determine the first required annual investment.
e) To illustrate the importance of the return on your investment, set up a scenario analysis that shows your investment required today, the annual investment required, and the first annual investment required considering savings as graduate annuities. Assume four scenarios where your rate of return before retirement is 5%, 7%, 10%, and 15%. How likely do you think it is that you will be able to earn 10% or 15% per year on your investments? What do these results suggest to you about the importance of financial literacy?
In the portfolio matrix, a__________is in a low-growth market, but the product has a dominant market share; it is an SBU that generates more money than it needs to maintain its market share
Fill in the blanks with correct word.
The Nobel Prize, the Congressional Medal of Honor, or the Heisman trophy are all examples of
a. a speech of introduction. b. a speech of presentation. c. a keynote address. d. a speech of tribute.