1. Swansong plans to sell 29,000 units of a particular product during July, and
ID: 2466541 • Letter: 1
Question
1. Swansong plans to sell 29,000 units of a particular product during July, and expects sales to increase at the rate of 10% per month during the remainder of the year. The June 30 and September 30 ending inventories are anticipated to be 2,050 units and 1,900 units, respectively. On the basis of this information, how many units should Swansong purchase for the quarter ended September 30?
95,840.
94,090.
93,790.
96,140.
Some other amount.
2. Verna's makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $76,000, $66,000, and $56,000, respectively, what was the budgeted receivables balance on December 31?
$64,000.
$47,200.
$45,800.
Some other amount.
$39,200.
3. DuChien Corporation recently produced and sold 157,000 units. Fixed costs at this level of activity amounted to $50,400; variable costs were $314,000. How much cost would the company anticipate if during the next period it produced and sold 161,000 units?
$373,400.
Some other amount not listed above.
$372,400.
$207,400.
$237,500.
4. Wesley Enterprises has determined that three variables play a key role in determining company revenues. To arrive at an objective forecast of revenues for the next accounting period, Wesley should use:
complex regression.
the high-low method.
a scatter diagram.
multiple regression.
simple regression.
Explanation / Answer
Solution.
1.
Particulars July August September Quarter Sales 29,000.00 31,900.00 35,090.00 95,990.00 Ending Inventory 1,900.00 1,900.00 Bignning Inventory (2,050.00) (2,050.00) Required purchase 95,840.00Related Questions
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