The Collins Company purchases blankets from a supplier for $…

The Collins Company purchases blankets from a supplier for $85 each and then sells them to its customers for $125 each.  The company forecasted unit sales of February        1,000 March             2,000 April                1,500  Ending inventory for January was 200 units and the company wants budgeted ending inventory to be 20% of the following month’s forecasted sales.  The company also has budgeted payroll of $12,000 and rent of $6,000 per month. For March, what dollar amount would the company report for budgeted ending inventory?

The Whitaker Company recently sold 300 units and had total s…

The Whitaker Company recently sold 300 units and had total sales of $60,000.  The company also had total variable costs of $36,000 and total fixed costs of $18,400. If the company’s unit price increased by $10, its sales volume decreased by 10 percent, and its fixed costs increased by $900, what would be the company’s projected net income?

Alawi Publishing, Inc. produces printed medical journals; wh…

Alawi Publishing, Inc. produces printed medical journals; which of the following costs would be included in the company’s inventory balance in its financial statements? Payroll for workers who bind the magazines [response1] Payroll for administrative personnel [response2] Cost of paper [response3] Payroll for workers who perform maintenance on the printing press [response4]

The Evans Company sells packaged cookie arrangements and had…

The Evans Company sells packaged cookie arrangements and had the following monthly information available: unit sales price $40, variable costs to produce each unit $15, rent on facilities $2,000, factory manager’s salary $8,000, product delivery costs of $8 per unit, sales representative’s salary of $5,000. How many units must be sold to break even (rounded to the nearest whole unit)?

A team of scientists discovers a small green organism growin…

A team of scientists discovers a small green organism growing on bare volcanic rock soon after an eruption. It lacks vascular tissue, grows flat against the surface, and depends on nearby moisture for fertilization. Which adaptation below would most improve this organism’s ability to colonize drier environments?