Answered: Alyssa sold 38 furniture sets during…

Alyssa sold 38 furniture sets during August. Her target for September is to sell 15% more furniture sets than she sold in August. How many sets should she sell in September to meet her target?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Crisper, Inc plans to sell 80,000 bags of potato chips in April, 2023. Each of these bags requires five potatoes. Relevant data includes: Actual April Inventory April 30 Inventory What number of units of raw material should Crisper plan to purchase? Bags of potato chips 15,000 bags 18,000 bags Potatoes 27,000 potatoes 23,000 Potatoes
Kahlon Company likes to maintain its inventory quantity at the end of each month equal to one fourth of the next month’s expected sales. Kahlon had 140,000 units in inventory on November 1, 2023. Expected sales in units are 480,000 in November and 840,000 in December. How many units does Kahlon Company need to produce during November 2023?
Pridgeon Corporation plans to sell 23,000 units during August. If the company has 8,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? O 24,000 O 22,000 O 32,000 O 31,000
At the beginning of the year, Boatwise Corporation has 610 life vests in inventory. The company wants to have 3,000 vests in inventory at the end of the year and plans to sell 6,800 life vests during the year. How many life vests must Boatwise Corporation produce during the year?
Saché, Incorporated, expects to sell 840 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 650 suits and a safety stock of 120 suits. Once an order is placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order? multiple choice Monday Tuesday Wednesday Thursday Friday Saturday Sunday
Eliot wishes to have in stock enough nozzles to use for the coming month. On August 1, the company has 17,100 nozzles in stock, although the latest estimate for August production indicates a requirement for only 15,600 nozzles. Total uses of the nozzle are expected to be 15,300 in September and 16,140 in October. Nozzles are purchased at a wholesale price of $11. Eliot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Eliot purchased 24,000 parts in July. Estimate purchases of the nozzle (in units) for August and September. Estimate the cash disbursements for nozzles in August and September.
A shirt manufacturing company expects to be able to sell 15,000 shirts in April 2022. Sales volumes are expected to grow at 5% per month cumulatively thereafter throughout 2022. The following additional information is available. 1. The company intends to carry a stock of finished garments sufficient to meet 40% of the next month's sales. 2. The company intends to carry sufficient raw material stock to meet the following month's production. 3.Estimated costs and revenues per shirt are as follows: Sales price Per shirt K 30 Raw materials Fabric at K12 per square metre (12) Dyes and cotton Direct labour at K8 per hour Fixed overheads at K4 per hour Profit (3) (4) (2) K9 Required: Prepare the following budgets on a monthly basis for each of the three months July to September 2022: (i) A sales budget showing sales units and sales revenue; (ii) A production budget (in units); (iii) A fabric purchases budget (in square metres). (iv) Labour hours and cost budget
Jason is in the furniture business. He observed increasing demand for office chairs, and strongly anticipates even better results in the next quarter. Jason decides to reconsider his production plans, and he comes up with the following production budget for the second quarter: April May June 600 units 650 units 710 units A Jason determines that every unit needs 2 hours of direct labor (DL) time. He pays $24 per hour to his daily wage workers. Considering the given information, which of the following is correct? O For the second quarter. total DL hours and total DL cost will be 3980 and $92640 respectively. O For the second quarter, total DL hours and total DL cost will be 1200 and $28800 respectively. O For the second quarter, total DL hours and total DL cost will be 3920 and $94080 respectively. O For the second quarter, total DL hours and total DL cost will be 1300 and $31200 respectively.
You have been provided with monthly sales projections for year one for Maggie’s Coffee Café. Use these projections to answer the following: Based on the sales projections for Maggie’s Coffee Cafe determine: Sales per day for the first month they are open (January) ______________ Sales per day for the 6th month they are open (June) ______________ Sales per day for the 12th month they are open (December) ______________ (assume the business is open 7 days/week; Jan and Dec have 31 days; June has 30) Which month has the highest sales? Which month has the lowest sales? Why do you think this is so?

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