In: Accounting
Direct Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 41,000 | $8.80 | 6,800 | $16.30 | |||
| February | 55,000 | $8.80 | 7,900 | $16.30 | |||
| March | 80,000 | $8.80 | 12,000 | $16.30 | |||
| April | 110,000 | $8.80 | 16,000 | $16.30 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 8,200 practice soccer balls and 1,360 match soccer balls.
Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
Direct Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 41,000 | $8.80 | 6,800 | $16.30 | |||
| February | 55,000 | $8.80 | 7,900 | $16.30 | |||
| March | 80,000 | $8.80 | 12,000 | $16.30 | |||
| April | 110,000 | $8.80 | 16,000 | $16.30 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 8,200 practice soccer balls and 1,360 match soccer balls.
Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
I need step by step computations to understand how this works please!
Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 44,000 | $8.90 | 6,100 | $16.70 | |||
| February | 56,000 | $8.90 | 8,200 | $16.70 | |||
| March | 81,000 | $8.90 | 12,000 | $16.70 | |||
| April | 110,000 | $8.90 | 16,500 | $16.70 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 8,800 practice soccer balls and 1,220 match soccer balls.
Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Feedback
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Feedback
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
Direct Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 46,000 | $8.95 | 6,200 | $16.30 | |||
| February | 57,000 | $8.95 | 8,000 | $16.30 | |||
| March | 88,000 | $8.95 | 13,500 | $16.30 | |||
| April | 110,000 | $8.95 | 16,500 | $16.30 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 9,200 practice soccer balls and 1,240 match soccer balls.
Every practice ball requires 0.5 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials per unit | ||
| Direct materials for production | ||
| Desired ending inventory | ||
| Total needed | ||
| Less: Beginning inventory | ||
| Direct materials purchases | ||
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
Direct Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 43,000 | $8.85 | 6,600 | $16.60 | |||
| February | 63,000 | $8.85 | 8,000 | $16.60 | |||
| March | 86,000 | $8.85 | 13,500 | $16.60 | |||
| April | 115,000 | $8.85 | 16,500 | $16.60 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 8,600 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.5 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
Direct Materials Purchases Budget
FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 48,000 | $8.75 | 6,600 | $17.00 | |||
| February | 57,000 | $8.75 | 7,500 | $17.00 | |||
| March | 88,000 | $8.75 | 12,500 | $17.00 | |||
| April | 100,000 | $8.75 | 16,000 | $17.00 | |||
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 9,600 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.6 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Polyvinyl Chloride Panels | ||
| For January and February | ||
| Polyvinyl chloride panels: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for bladder and valve:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Bladder and Valve | ||
| For January and February | ||
| Bladder and valve: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
Direct materials purchases budget for glue:
| FlashKick Company | ||
| Direct Materials Purchases Budget - Glue | ||
| For January and February | ||
| Glue: | January | February |
| Units produced | ||
| Direct materials for production | ||
| Total needed | ||
| Direct materials purchases | ||
In: Accounting
A) Europeans should find Turkish goods now less expensive.
B) Turkish consumers would find Turkish goods relatively less expensive than European goods.
C) European goods should have an easier time competing against Turkish goods in both countries.
D) Turkish goods should have an easier time competing against European goods in both countries.
Find the true one please
In: Economics
QUESTION 21
Hegemonic stability theorists argue that in the interwar period
|
a. |
the United States was not yet willing to be the global hegemon |
|
|
b. |
the United States was beginning to act as the global hegemon. |
|
|
c. |
Britain’s power was declining, but it was still the global hegemon. |
|
|
d. |
Britain was no longer willing to be the global hegemon. |
QUESTION 22
The 1944 Bretton Woods Conference resulted in the formation
of the
|
a. |
General Agreement on Tariffs and Trade (GATT) and the ECOWAS |
|
|
b. |
Organization for Economic Cooperation and Development |
|
|
c. |
International Monetary Fund (IMF) |
|
|
d. |
UNCTAD and the World Bank |
QUESTION 23
States in the mercantilist period
|
a. |
emphasized industrialization and agricultural exports as a means of gaining wealth. |
|
|
b. |
helped establish territorial unification and state authority |
|
|
c. |
viewed free trade as serving their interests. |
|
|
d. |
repealed the corn laws and increased their technology exports |
QUESTION 24
Its advocates supported extensive economic
liberalization policies such as privatization, fiscal austerity,
deregulation, free trade, and reductions in government spending in
order to enhance the role of the private sector in the
economy.
|
a. |
Laissez- faire |
|
|
b. |
Capitalism |
|
|
c. |
Neoliberalism |
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d. |
Socialism |
QUESTION 25
The theorists most likely to view small states as benefiting more than large states from open regional trade agreements (RTAs) are
|
a. |
None of the above |
|
|
b. |
liberals. |
|
|
c. |
historical materialists. |
|
|
d. |
realists. |
In: Economics
Consider a Cournot duopoly of two identical cigarette producing firms, Warlboro and Cramel. They produce tobacco of same quality and, ceteris paribus, each firm sells to 1 million smokers, making $100 profits per smoker.
These 2 million smokers are addicts (as most smokers are). They may change which tobacco they smoke but they do not quit. On the other hand, those who are not smokers will not start even if they are encouraged (because they understand the harm). In other words, the size of the market is fixed (the demand is extremely inelastic).
Any of the two firms may try to win the customers away from the rival by advertising. If Warlboro spends $20 million on the ads while Cramel spends nothing, Warlboro wins additional half a million smokers, that is, Warlboro sells to 1.5 million while Cramel sells to 0.5 million. If Cramel spends $20 million on the ads while Warlboro spends nothing, Cramel wins additional half a million smokers, that is, Cramel sells to 1.5 million while Warlboro sells to 0.5 million. If both firms spend $20 million on the ads, their efforts cancel each the other and each firm sells to 1 million smokers. In every scenario, the profits per smoker remains $100 (not accounting for the ad spending).
Q.Think about this game and explain, in your words (50-200 words), why the tobacco producers may lobby the government to ban (make it illegal) advertising tobacco products.
In: Economics