Kentucky Inc. Manufactures Soccer balls. The estimated number of soccer balls sold for the first three months of 2018 are as follows: Month: Sales: June 2,000 July 3,000 August 4,000 The Actual finished goods inventory at the end of May 2018 was 2,000 units. Ending Finished Goods inventory is planned to equal 25% of the next month's sales. Kentucky incorporated will sell the soccer balls for $5.00 each. Septemberl 2018 Sales are projected at 8,500 soccer balls. How many Soccer balls should Kentucky Inc. budget to be produced in July? August? Looking to understand! Not just for the answer

EXAMPLE: 1

You are the Nutrition and Food Services Director and your Chief Financial Officer (CFO) has requested that you evaluate the inventory within the department. Specifically, the CFO wishes to know if the facility is effectively managing the inventory.  

To accomplish this task, you will evaluate the inventory turnover from the previous period. You have determined the following information:

Inventory value at the beginning of the period                      $47,000

Purchases made during the period:                                         $225,000

Inventory at the end of the period:                                         $67,999

Your Procurement Specialist has determined the value of inventory for each month of the period. Those figures are as follows:

                                                            Month #1 = $42,000               Month #4 = $48,353

                                                            Month #2 = $44,996               Month #5 = $45,921

Month #3 = $49,214               Month #6 = $46,555

To assist you in completing this question, you will need the following calculations:

A).

Inventory at beginning of period        $XXX

+ Purchases during the period            +XXX

Total value of available food              $XXX

-Inventory at end of period                 -XXX

Cost of goods sold during period       $XXX

B). Inventory turnover = Cost of goods sold/Average inventory value

What is your inventory turnover ratio?

What does a high inventory ratio indicate?

What does a low inventory ratio indicate?

How do you interpret your inventory ratio to your CFO?

EXAMPLE: 2

You are the Nutrition and Food Services Director and your Chief Financial Officer (CFO) has requested that you evaluate the inventory within the department. Specifically, the CFO wishes to know if the facility is effectively managing the inventory.  

To accomplish this task, you will evaluate the inventory turnover from the previous quarter. You have determined the following information:

Inventory value at the beginning of the quarter:                    $52,000

Purchases made during the quarter:                                       $193,000

Inventory at the end of the period:                                         $69,999

Your Procurement Specialist has determined the value of inventory for each month of the quarter. Those figures are as follows:

                                                            Month #1 = $56,001

                                                            Month #2 = $57,996

                                                            Month #3 = $58,214

To assist you in completing this question, you will need the following calculations:

A).

Inventory at beginning of period        $XXX

+ Purchases during the period            +XXX

Total value of available food              $XXX

-Inventory at end of period                 -XXX

Cost of goods sold during period       $XXX

B). Inventory turnover = Cost of goods sold/Average inventory value

What is your inventory turnover ratio?

What does a high inventory ratio indicate?

What does a low inventory ratio indicate?

How do you interpret your inventory ratio to your CFO?

BREAKEVEN POINT: Point at which profit is not being made and losses are not being incurred.

• Fixed costs: do not vary with changes in volume of sales.
• Variable costs: do vary directly with changes in sales.
• Semi-variable costs: include elements of both fixed and variable costs. Before completing a breakeven point, you need to divide the semi-variable costs into their fixed and variable components before you can complete the breakeven point analysis.

EXAMPLE #3

Your CFO has asked you to conduct a break-even analysis of your hospital cafeteria for the upcoming fiscal year.

To assist you in completing this question, you will need the following calculation:

Your costs for the upcoming fiscal year:

Insurance:                               $1,500.00 (fixed cost)

Salaries:                                  $594,259.00 (semi-variable cost—80% is variable)

Utilities:                                  $20,000.00 (semi-variable cost—60% is fixed.)

Food license:                           $2,300.00 (fixed cost)

Supplies:                                 $453,816.00 (variable cost)

Projected Sales:                      $1,253,743.00

What is the break-even point, in sales, for this cafeteria for the upcoming fiscal year?

Other important operating ratios to the Food Service Director:

• Occupancy percentage = # of beds/rooms occupied/# of beds/rooms available

• Average customer check = total sales/# of customer checks

• Food cost percentage = cost of food/sales

(goal is 30% or less)

• Meals per labor hour = total # of meals served/total labor hours to produce meals

(example on page 385 of textbook notes index of 3.5 for acute care facilities)

• Meals per FTEs = total # of meals served/total FTE to produce meals

• Labor minutes per meal = total labor minutes to produce the meals/total number of meals served

• Labor hours per meal = total labor hours to produce the meals/total number of meals served

For each problem analyze the effects in the Goods and Services market.

For problems #1 to #3 assume the economy initially begins at a long-run equilibrium.

1. Suppose international oil prices temporarily decrease.

a) Given the various shifters discussed in class, which curve shifts first and why? Show the graph of the Goods and Services market, including the shift.

b) What happened to the price level and RGDP in the short-run? What type of business cycle did this cause?

c) Over time, if this is just a temporary change that eventually reverses itself, what subsequent shift will occur? Indicate this shift using your graph given above. What is the ultimate longrun effect on the Deflator and RGDP?

2. Suppose the amount of buildings and machinery in the U.S. decreases.

a) Which curve(s) shifts and why? Graph the Goods and Services market including the shift(s).

b) What happened to the price level and RGDP?

c) Will this cause a temporary business cycle? Why or why not?

3. Suppose the Fed increases interest rates in the country.

a) Which curve shifts first and why? Graph the Goods and Services market, including the shift.

b) What happened to the price level and RGDP in the short-run? What type of business cycle did this cause?

c) Over time, what will eventually happen to resource costs given the above scenario?

d) From your answer in part c, what subsequent shift will occur? Indicate this shift using your graph given above. What is the ultimate long-run effect on the Deflator and RGDP?

Klon Corporation owns 70 percent of Brant Company’s stock and 60 percent of Torkel Company’s stock. During 20X8, Klon sold inventory purchased in 20X7 for $66,000 to Brant for $110,000. Brant then sold the inventory at its cost of $110,000 to Torkel. Prior to December 31, 20X8, Torkel sold $50,000 of inventory to a nonaffiliate for $80,000 and held $60,000 in inventory at December 31, 20X8.
a. Prepare the journal entries recorded by Klon, Brant, and Torkel during 20X8 relating to the intercorporate sale and resale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the sale of inventory to Brant Company.
• Record the cost of goods sold.

Entries recorded by Brant Company:

• Record the purchase of inventory from Klon.
• Record the sale of inventory to Torkel Company.
• Record the cost of goods sold.

Entries recorded by Torkel Company:

• Record the purchase of inventory from Brant.
• Record the sale of inventory to the nonaffiliates.
• Record the cost of goods sold.

b. What amount should be reported in the 20X8 consolidated income statement as cost of goods sold?

c. What amount should be reported in the December 31, 20X8, consolidated balance sheet as inventory?

d. Prepare the consolidation entry needed at December 31, 20X8, to remove the effects of the inventory transfers. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the consolidation entry for inventory.

please help!

1. Why do you think counterfeiting is so popular in places like India? Have you had any experience buying counterfeit goods? What are companies doing to fight against counterfeit products?

2. The book lists many advantages and disadvantages of small business ownership, which do you agree with the most? Would you start a business?  How are websites like Kickstarter and Gofundme helping with small business ownership?

If you expect the yield curve to invert next year, with spot rates for maturities of 10-years and above falling and spot rates for maturities less than 10-years rising. Given your forecast, explain which of bond Bond A or Bond B you would recommend for a long position over the upcoming year: Bond A -discount bond with a duration of 12-years and YTM of 5%; Bond B -coupon rate of 10%, a duration of 12-years, and a YTM of 5%.

I designed a substrate holder for a thermal evaporator for a lab I work in, based on the size of our chamber. It is height adjustable (rod stopping height from falling) with 2 or 3 mm tolerances.

The boat will be very close to tungsten boats as they are heating up. My question is...

what materials should I consider using for this design? And what temperatures can these materials go up to without oxidation occuring? What temperatures can they go up to without melting or significantly deforming?

A wet solid is dried from 40% to 10% moisture under constant drying conditions in 5 hours. If
the equilibrium moisture content is 0.0416 kg moisture/kg dry solid and the critical moisture
content is 14%, how long will it take to dry from 40% to 5% moisture under the same conditions.
All percentages other than equilibrium moisture content are on wet basis. Assume linear relation
between rate of drying and moisture content during falling rate period.

There are 68% of students drive to school in one university. Here is a sample of 20 students.

1) What is the probability that only 12 students drive to school?

2)What is the probability that no more than 15 students drive to school?

3) What is the probability that no more than 10 students drive to school?

4) What is the mean and standard deviation?

5) What is the percentage falling with 1 standard deviation? Does it satisfy the Empirical Rule?

Please explain with reasoning/steps please.