Michard corporation makes one product and it provided the following information to prepare the master budget for the next four months of operations: the budgeted selling price per unit is $125. budgeted unit sales for april, may, june, and july are 7,600, 10,500, 13,800, and 12,900 units, respectively. all sales are on credit. regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. the ending finished goods inventory equals 20% of the following month's sales. the ending raw materials inventory equals 30% of the following month’s raw materials production needs. each unit of finished goods requires 4 pounds of raw materials. the raw materials cost $2.00 per pound. regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month. the direct labor wage rate is $25.00 per hour. each unit of finished goods requires 3.0 direct labor-hours. the variable selling and administrative expense per unit sold is $3.40. the fixed selling and administrative expense per month is $80,000.the estimated direct labor cost for may is closest to: multiple choice$279,000$837,000$33,480$558,0 00

Ming chen began a professional practice on june 1 and plans to prepare financial statements at the end of each month. during june, ming chen (the owner) completed these transactions. a. owner invested $61,000 cash in the company along with equipment that had a $25,000 market value. b. the company paid $1,900 cash for rent of office space for the month. c. the company purchased $15,000 of additional equipment on credit (payment due within 30 days). d. the company completed work for a client and immediately collected the $2,100 cash earned. e. the company completed work for a client and sent a bill for $7,000 to be received within 30 days. f. the company purchased additional equipment for $5,500 cash. g. the company paid an assistant $3,000 cash as wages for the month. h. the company collected $5,200 cash as a partial payment for the amount owed by the client in transaction e. i. the company paid $15,000 cash to settle the liability created in transaction c. j. owner withdrew $1,500 cash from the company for personal use. required: enter the impact of each transaction on individual items of the accounting equation. (enter decreases to account balances with a minus sign.)

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u. s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.