User Account

All Pages

What is the expected cost of denim purchases in July

Assignment Help Accounting Basics
Reference no: EM132613418

Question - Mackinac Inc. produces denim backpacks. The production budget for the next four months is: July 5,800 units, August 7,500 units, September 7,700 units, October 8,700 units. Each backpack requires 0.6 square meters of denim.

Mackinac Inc.'s denim inventory policy is 20% of next month's production needs. On July 1 leather inventory was expected to be 696 square meters.

Denim is expected to cost $13.00 per square meter in June, but go up to $14.00 per square meter in July.

Required - What is the expected cost of denim purchases in July?

a. $50,076

b. $51,576

c. $52,476

d. $52,576

Reference no: EM132613418

Questions Cloud

What are the constraints : Suppose you have decided, What are these constraints and how they can affect your investment capability particularly in the context of this case?
How capital market expectation can be effectively framed : To segregate and identify the core segment and liquidity segment for investment firm is crucial. Discuss? How Capital Market Expectation can be effectively fram
Prepare a letter to Mr Black containing your recommendations : Prepare a letter to Mr Black containing your recommendations for good internal control procedures for: Cheque payments and Petty cash
Determine key balance sheet accounts at risk : Determine 3 key balance sheet accounts at risk, why they are at risk of material misstatement ie. Audit risk, and the key assertions impacted?
What is the expected cost of denim purchases in July : Mackinac Inc. produces denim backpacks. The production budget for the next four months is: July 5,800 units, What is expected cost of denim purchases in July
Calculate the return from buying the stock on margin : Calculate the return from buying the stock on margin. Mr. Salman wants to buy maximum number of odd lot shares of Atif Habib Investment Limited.
Regard to the protestant reformation : With regard to the Protestant Reformation, in what ways was Martin Luther a conservative thinker compared to others such as Calvin or the Anabaptists?
Find what amount of purchases should be : Find What amount of purchases should be included in the determination of cost of goods available for sale Under gross method?
Analyze each transaction effect using accounting equation : Joey John's completed the design work for Ms. Johnson and sent her a bill for $750. Analyze each transaction effect using accounting equation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd