Sevenbergen 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$92Budgeted unit sales (all on credit): July 9,000August 11,300September 10,400October 10,800? Raw materials requirement per unit of output 4poundsRaw materials cost$1.00per poundDirect labor requirement per unit of output 2.8direct labor-hoursDirect labor wage rate$22.00per direct labor-hourVariable selling and administrative expense$1.50per unit soldFixed selling and administrative expense$70,000per month?Credit sales are collected: 40% in the month of the sale 60% 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 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs.?If 41,920 pounds of raw materials are required for production in September, then the budgeted raw material purchases for August is closest to:
A. 44,480 pounds
B. 70,400 pounds
C. 43,712 pounds
D. 57,056 pounds
Answer: C
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When using a money market hedge, the hedger will immediately convert the currency borrowed into his or her own currency.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1.To protect domestic producers from foreign competition, the U.S. government levies both import tariffs and export tariffs. 2.With a compound tariff, a domestic importer of an automobile might be required to pay a duty of $200 plus 4 percent of the value of the automobile. 3.With a specific tariff, the degree of protection afforded domestic producers varies directly with changes in import prices. 4.During a recession, when consumers tend to purchase cheaper products, a specific tariff provides domestic producers a greater amount of protection against import-competing goods than other types of tariffs. 5.An ad valorem tariff provides domestic producers less protection against import-competing goods during periods of changing prices.
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where gift-giving is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson, Peter Austin, is preparing the approach he will use during his first sales call on the CEO of Diamonite, a company that specializes in designing, manufacturing, and installing aircraft interiors for executives and heads of state.As Austin presents product information to the CEO of Diamonite, he notices that the CEO is leaning back in his chair and smiling, with
his hands and arms in a relaxed position. The prospect is giving ________ signals. A. cautionary B. neutral C. acceptance D. bored E. disagreement
A strategy of empowerment is most likely to be appropriate when which of the following factors are present within the organization and its environment?
a. The business strategy is not too customized b. The organization uses routine technology. c. The business environment is stable. d. Customer interactions are relational as opposed to transactional. e. All of the above.