subject
Business, 19.10.2019 00:30 kenzierosa

The following table presents generic motors company's production budget. gm's inventory policy is to have ending inventory equal to20% of next month's sales.

february march april
ending inventory 5,000
beginning inventory 2,000
budgeted sales 13,000 17,000 18,000
budgeted production

required:
(a) fill in the missing numbers in the table above.
(hint if you get stuck: what is the relation between ending inventory for one month and beginning inventory for the following month? )

b) why do firms want to hold inventory of finished goods? (an alternative could be to produce exactly the amount they are going to sell, and hold zero inventories)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:40, Patricia2121
•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year
Answers: 2
image
Business, 22.06.2019 07:40, tipbri6380
(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?
Answers: 3
image
Business, 22.06.2019 17:50, primmprincess312
Which of the following statements is true of unsought products? as compared to convenience products, unsought products are purchased more frequently. unsought products are consumer products and services that customers usually buy frequently, immediately, and with minimal comparison and buying effort. a life insurance policy is an example of an unsought product. unsought products have strong brand identification for which a significant group of buyers is willing to make a special purchase effort. unsought products are those products purchased for further processing or for use in conducting a business.
Answers: 2
image
Business, 22.06.2019 20:30, zachzach28280
Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows:
Answers: 2
You know the right answer?
The following table presents generic motors company's production budget. gm's inventory policy is to...

Questions in other subjects: