Answer:
c
Explanation:
McCann Co. has identified an investment project with the following cash flows.
Year Cash Flow
1 $840
2 1,170
3 1,430
4 1,575
a. If the discount rate is 9 percent, what is the present value of these cash flows?
b. What is the present value at 16 percent?
c. What is the present value at 25 percent?
Answer:
McCann Co.
Present value
a. At 9$ = $2,017.38
b. At 16% = $3,379.42
c. At 25% = $2,798.71
Explanation:
a) Data and Calculations:
Year Cash Flow Discount Present
Factor at 9% Value
1 $840 0.917 $770.28
2 1,170 0.842 143.14
3 1,430 0.772 1,103.96
4 1,575 0.708 1,115.10
Total Present value = $2,017.38
Year Cash Flow Discount Present
Factor at 16% Value
1 $840 0.862 $724.08
2 1,170 0.743 869.31
3 1,430 0.641 916.63
4 1,575 0.552 869.40
Total Present value = $3,379.42
Year Cash Flow Discount Present
Factor at 25% Value
1 $840 0.800 $672.00
2 1,170 0.640 748.80
3 1,430 0.512 732.16
4 1,575 0.410 645.75
Total Present value = $2,798.71
The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1% and the management fee was .7%.a. What were the total fees paid to the fund's investment managers during the year?b. What were the other administrative expenses?
Answer: A. $15.4 Million
B. $8.8 million
Explanation:
a. What were the total fees paid to the fund's investment managers during the year?
This will be:
= Average daily assets × Management fee
= $2.2 billion × 0.7%
= $15.4 million
b. What were the other administrative expenses?
The total expense that's incurred for managing the fund will be:
= $2.2 billion × 1.1%
= $24.2 million
Therefore, the other administrative expenses will be:
= $24.2 million - $15.4 million
= $8.8 million
Feliciano Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, I63E and E76I, about which it has provided the following data: I63E E76I Direct materials per unit $ 21.70 $ 65.10 Direct labor per unit $ 19.50 $ 58.50 Direct labor-hours per unit 0.80 2.40 Annual production (units) 90,000 30,000
The company's estimated total manufacturing overhead for the year is $2,063,250 and the company's estimated total direct labor-hours for the year is 45,000.
The company is considering using a form of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below:
Activities and Activity Measures Estimated
Overhead Cost
Assembling products (DLHs) $ 720,000
Preparing batches (batches) 263,250
Product support (product variations) 1,080,000
Total $ 2,063,250
Expected Activity
I63E E76I Total
DLHs 24,000 21,000 45,000
Batches 1,080 675 1,755
Product variations 2,115 1,485 3,600
The manufacturing overhead that would be applied to a unit of product E76I under the activity-based costing system is closest to:________.
Answer:
Unitary cost= $30.91
Explanation:
First, we need to calculate the activities rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Assembling products= 720,000/45,000= $16 per DLH
Preparing batches= 263,250/1,755= $150 per batch
Product support= 1,080,000/3,600= $330 per product variation
Now, we allocate costs to Product E76l:
Assembling products= 16*21,000= $336,000
Preparing batches= 150*675= $101,250
Product support= 330*1,485= $490,050
Total= $927,300
Finally, the unitary cost:
Unitary cost= 927,300 / 30,000
Unitary cost= $30.91
Define Market failure
Answer:
MARKET FAILURE is defined as the economic situation in which there is inefficient distribution of goods and services.
hope it helps
have a nice day
Answer:
Market failure is the economic situation defined by an inefficient distribution of goods and services in the free market.
Explanation:
•| jess bregoli |•#keep learning!!
During the month of March, Harley's Computer Services made purchases on account totaling $43,500. Also during the month of March, Harley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?
a. $6,600
b. $75,900
c. $83,900
d. $91,900
Answer:
c. $83,900
Explanation:
The computation of the balance in accounts payable at the end of March is given below;
Opening Balance $77,300
Add: Purchases made $43,500
Less: Cash Paid $(36,900)
Closing Balance $83,900
hence, the balance in accounts payable at the end of March is $83,900
Therefore the option c is correct
Feedback is important in improving your performance, and we should solicit feedback, and not just wait until someone provides us with feedback. Group of answer choices
a. True
b. False
Answer:
The given statement is "True".
Explanation:
Feedback would be a significant aspect in improving the accomplishment or organization's success.Requesting or waiting for such feedback might contribute to less and less input, although the organization must request for input, this same person might communicate with the organization by requesting comments.Thus the above is the correct answer.
In an economy open to international trade ________.
A) saving equals investment in equilibrium
B) saving is the difference between net exports and investment
C) saving equals investment as long as the economy has no exports
D) saving equals investment as long as NX
Answer: D) saving equals investment as long as NX = 0
Explanation:
The last option was incomplete as it should have said ...NX = 0.
The Income/GDP of a country that is open to international trade is calculated as follows:
Income = Consumption + Investment + Government spending + Net exports
Y = C + I + G + NX
If NX = 0 then the formula becomes:
Y = C + I + G
Investment in this scenario is therefore:
I = Y - C - G
This is the same as savings as savings is calculated by subtracting consumption and government spending from the total income. This is because government spending is derived from taxes so the cash that people get to save is their income less than their taxes and consumption expenses.
S = Y - C - G = Y
Early colonists came to America:_________.
a. for a wide range of economic and political agendas as well as for religious and philosophical reasons.
b. to set up a democratic political system.
c. to avoid the widespread poverty and economic depression that was sweeping Europe.
d. solely to obtain land. solely to escape religious persecution.
Answer: a. for a wide range of economic and political agendas as well as for religious and philosophical reasons.
Explanation:
There were various reasons the early colonists came to Northern America to found the colonies such as for economic and political reasons and others for religious reasons.
William Bradford for instance, helped found the Plymouth Colony as a haven for Puritan separatists like himself to escape persecution in England. John Smith on the other hand, came more for economic reasons.
Then there was James Oglethorpe of Georgia who wanted to found a home for the "worthy poor" of England so that they would have a chance to make something of themselves.
As a manager, you are trying to decide how to best layoff 10% of your workforce. You are considering laying off the 10% who are the oldest in age, because you feel that they are closest to retirement anyway. Which of the following types of justice would you most likely violate the rules of by doing this?
A. Distributive
B. Procedural
C. Interpersonal
D. Informational
Answer:
B. Procedural
Explanation:
Remember, the procedural type of justice focuses on identifying the best way to treat others in a fair way, such as following the adhering to the rule of no bias when administering justice.
In this scenario, if the manager decides to select and lay off 10% of his workforce based on their age range, he would be unintentionally displaying an age bias in his selection process, which of course most likely violates the rules of this type of justice.
Leonard is creating disaster recovery documents for his company's online operations. He is documenting metrics for a measurable SLA that outlines when you can expect operations to be back online and how much data loss can be tolerated when recovering from an outage. Which metrics is he documenting
Answer:
RTO, RPO
Explanation:
Recovery point objective (RPO)
This simply measures the amount of data that may be lost in real sense due to system failure. It covers the volumes of files that must be gotten back from backup storage so as the normal operations can start agai (data loss)
RTO (recovery time objective)
This is simply regarded as the amount or the timelind by which a business process must be put in place or restored after a disaster occurs.(downtime). It is the time limit at most that is taken to put in place or restore an organization's information system following a disaster occurrence, In layman term is how much time do we have to get everything up and working again.
The four disaster recovery strategies includes
1. Backup and Restore
2. Pilot light
3. Warm standby
4. Hot site/multi-site approach.
Interest rate (with changing years). Keiko is looking at the following investment choices and wants to know what annual rate of return each choice produces. a. Invest $360.00 and receive $788.17 in 11 years. b. Invest $3 comma 000.00 and receive $11 comma 499.87 in 17 years. c. Invest $31 comma 542.31 and receive $140 comma 000.00 in 22 years. d. Invest $32 comma 895.12 and receive $1 comma 100 comma 000.00 in 40 years.
Answer:
7.38%
8.23%
7.01%
9.17%
Explanation:
Rate of return = (future value / amount invested)^(1/n) - 1
n = number of years
a. (788.17 / 360)^(1/11) - 1 = 7.38%
b. (11.499.87 / 3000) ^(1/17) - 1 = 8.23
c. (140,000 / 31,542.31)^(1/22) - 1 = 7.01
d. (1,100,000 / 32895.12)^(1/40) - 1 = 9.17
Suppose the government imposes a tax on three products with differing demand elasticities. Match the product to the group that will most likely bear the incidence of the tax.
a. the government
b. producers
c. consumers and producers
d. consumers
1. highly inelastic
2. somewhat elastic
3. highly elastic
Answer:
a. Government - highly Inelastic
b. producers - Somewhat elastic
c. consumers and producers - Highly elastic
d. consumers - Highly elastic
Explanation:
Inelastic demand is that which does not changes with the change in the price of any product.
Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market
Answer: producer - highly elastic
Consumers and producers - somewhat elastic
Consumers - highly inelastic
government- none
Explanation:
Reasons why South African post office taking private courier companies to court
Answer:
Explanation:
As the only operator of this kind in South Africa, the Post Office has the exclusive right to provide delivery services for all letters, postcards, printed matter, small parcels, and other postal articles up to and including 1kg.
PostNet was initially ordered to stop delivering all packages weighing 1kg and less by 17 March 2020. However, it secured an interdict which allowed it to continue to deliver these packages until the full challenge was heard in the Gauteng High Court.
The Post Office, Postnet and the South African Express Parcel Association (SAEPA) are now set to head to court in a move that could have ramifications for the entire courier industry in South Africa.
Icasa spokesperson Paseka Maleka told BusinessDay that the regulator would give its support to the Post Office as it was following the letter of the law, which allowed private couriers to only deliver food items in the 1kg or less category.
“Icasa’s mandate is to implement what the law requires, and we are doing exactly that,” he said.
“There are exemptions that deal with businesses that do not fall under postal services. Uber Eats, Mr Delivery, etc are such businesses. Obviously, one cannot expect Sapo to be delivering pizza to a consumer,” he said.
Select an organization and identify and evaluate the components of its Strategic Plan (i.e., Vision, Mission, Values, Core Competencies, Goals, Objectives, Action/Implementation Plan, Metrics, etc.) by answering the following questions:
• Does the plan convey an overall purpose and the desired results of the organization, and how to achieve those results?
• Does the Mission Statement clearly explain why the organization exists?• Does the Vision Statement describe where the organization is headed, what it intends to be, or how it wishes to be perceived in the future? Clear, concise, and memorable?• Based on the content of the plan, do you think the plan has adequately considered the strategic environment?
• Do the goals and objectives support the vision, mission, values, core competencies, etc.?
• Is the plan understandable?
• What are your other observations and reactions to the plan? What do you like? What could be improved?
Answer:
Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.
Explanation:
Nestle with a tag line of "Good Food, Good Life" its vision is to enhance quality of life and contribution to a healthier future for all individuals, this vision conveys the plan and results clearly. Nestle is achieving the results by providing good quality food to its consumers.
Mission statement clearly explains that Nestle exist to provide healthier living for individuals. The vision describes the present and future of the betterment of the health of individuals, the vision is clear concise and memorable.
Environment is going towards better health standards people want a healthier and better quality of life which is connected to Nestle's vision and mission.
The goals of Nestle is set in line with the original mission and vision of the organization .
Nestle is helping with fighting hunger, in the situation of global pandemic Nestle fed more than 8 million people. I think this was a great initiative and this can be further more expanded by regularly feeding those in need and not just during the pandemic.
If the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities consistent with their segment, then which condition for the ideal market segment approach should be used
Answer: internally homogenous
Explanation:
Since the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities that are consistent with their segment, then the condition for the ideal market segment approach which should be used is the internally homogeneous.
On the other hand, if the potential customers are in different segments, have different characteristics, and choose different product qualities, then the externally homogeneous will be ideal.
internally homogenous
1.6 Read the scenario below and answer the questions that follow:
Pearl inherited hudred thousand rands from her late uncle. She choose an investment which is managed by a fund manager who buys shares on the stock exchange/JSE
1.6.1 Name the form of investment chosen by Pearl.
1.6.2 Discuss the disadvantages of the form of investment mentioned in QUESTION 1.6.1
Answer:
1.6.1 unit trusts
1.6.2 -share price may fluctuate
-unit trusts are not allowed to borrow,
therefore reducing potential returns
-not good for people who want to invest for
a short period.
-Not good for people who want avoid risks at
all costs
The city of williamsburg decided to defease old 6% bonds carried in its electric enterprise fund with new 4.5% bonds. As a result of the defeasance, the city incurred an accounting loss. This loss should be recognized:_______
a. As an adjustment to retained earnings since it is applicable to prior periods.
b. In the year of the defeasance.
c. Over the remaining life of the old bonds or the new bonds whichever is shorter
d. It should not be recognized
Answer: It should not be recognized
Explanation:
Based on the information given, it should be noted that the accounting loss that was incurred as a result of the defeasance should not be recognized.
Since the city of Williamsburg decided to defease old 6% bonds carried in its electric enterprise fund with new 4.5% bonds, then it should be noted that it was only the interest rate that changed, but there wasn't any bonds that were sold. Therefore, the loss should not be recognized.
True of false management is the execution of a number of integrated and related tasks for the achievement educative goals
Answer:
True
Explanation:
Management could be defined or explained in a number of ways as it is a word which incorporates the the ability to plan, corrdonate, supervise projects, handle the affairs and workings of an organization in other to ovation a desirable outcome. It could also be explained as the ability to undertake or oversee a number of task, activities or related or integrated projects in other to achieve the desired or planned outcome. The ability to manage is gauged or measured by the success achieved at the end or the impact made by the resulting project, the accomplishment of the organization or the growth of the establishment during the managerial period or tenure.
It has been said that Earned Value Management (EVM) came about because the Federal Government often used "Cost-plus" contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts. Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?
Answer:
Earned Value Management (EVM)
The Federal Government requires contractor firms to employ earned value management because it enables it to assess the work that has been completed against an established baseline plan in terms of technical, time, and cost performance.
Armed with this information, it is in a better position to make important project decisions and help to control over-spending.
Explanation:
Earned value management (EVM) as a integrated project management methodology details the project time schedule, costs, and scope to ensure correct measurement of project performance. Using planned and actual values, EVM enables future predictions, improving the ability of project managers to adjust according to requirements.
Which of the following statement completions is NOT CORRECT? For a profitable firm, when MACRS accelerated depreciation is compared to straight-line depreciation, MACRS accelerated allowances produce a. Lower tax payments in the earlier years of an asset's life. b. Larger total undiscounted profits from the project over the project's life. c. Higher depreciation charges in the early years of an asset's life. d. Smaller accounting profits in the early years, assuming the company uses the same depreciation method for tax and book purposes. e. Larger cash flows in the earlier years of an asset's life.
Answer:
The NOT CORRECT statement is:
b. Larger total undiscounted profits from the project over the project's life.
Explanation:
The MACRS (Modified Accelerated Cost Recovery System) apportions larger depreciation expense in the earlier years of the asset's life, as it attempts to depreciate higher cost in those earlier years than the later years. This implies that the accounting profits in the early years can only be smaller and the undiscounted profits cannot be larger over the project's life.
The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019: 2019 2018 Sales revenues $590,000 $574,000 Net income 212,000 184,000 Total assets 2,142,000 1,998,000 Total stockholders’ equity 712,000 690,000 Compute the following ratios for 2019:
Answer:
a. Net profit margin for 2019 = 35.93%
b. Asset turnover for 2019 = 0.29 times
c. Return on assets = 10.24%
Explanation:
Note: This question is not complete. The complete question is thereore provided before answering the question as follows:
The following information was taken from the income statement and balance sheet of The Perryman Company for the years 2018 and 2019:
2019 2018
Sales revenues $590,000 $574,000
Net income 212,000 184,000
Total assets 2,142,000 1,998,000
Total stockholders’ equity 712,000 690,000
Compute the following ratios for 2019:
Net profit margin
Asset turnover
Return on assets
The answers are now explained as follows:
a. Net profit margin for 2019
This can be calculated as follows:
Net profit margin for 2019 = Net income in 2019 / Sales revenues in 2019 = $212,000 / $590,000 = 0.3593, or 35.93%
b. Asset turnover for 2019
This can be calculated as follows:
Asset turnover for 2019 = Sales revenues / Average total assets = Sales revenues in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $590,000 / (($2,142,000 + $1,998,000) / 2) = 0.29 times
c. Return on assets for 2019
This can be calculated as follows:
Return on assets = Net income / Average total assets = Net income in 2019 / ((Total assets in 2019 + Total assets in 2018) / 2) = $212,000 / (($2,142,000 + $1,998,000) / 2) = 0.1024, or 10.24%
The following transactions are for Splish Brothers Company.
1. On December 3, Splish Brothers Company sold $515,600 of merchandise to Sunland Co., on account, terms 3/10, n/30. The cost of the merchandise sold was $320,500.
2. On December 8, Sunland Co. was granted an allowance of $24,000 for merchandise purchased on December 3.
3. On December 13, Splish Brothers Company received the balance due from Sunland Co.
Required:
Prepare the journal entries to record these transactions on the books of Splish Brothers.
Answer and Explanation:
The journal entries are shown below:
On Dec 3
Account receivable $515,600
To Sales revenue $515,600
(Being the sale of merchandise on account is recorded)
Cost of goods sold $320,500
To Inventory $320,500
(Being the cost of merchandise sold on account)
On Dec 8
Sales allowance $24,000
To Account receivable $24,000
On Dec 13
Cash (491600 × 97%) $476,852
Sales discount $14,748
To Account receivable ($515,600 - $24,000) $491,600
(Being the cash received is recorded)
You wrote a piece of software that does a better job of allowing computers to network than any other program designed for this purpose. A large networking company wants to incorporate your software into its systems and is offering to pay you $458,000 today, plus $458,000 at the end of each of the following six years, for permission to do this. If the appropriate interest rate is 8 percent, what is the present value of the cash flow stream that the company is offering you?
Answer:
$2,575,278.87
Explanation:
Present Value = $458,000 + $458,000 /(1+.08)^1 + $458,000 /(1+.08)^2 + $458,000 /(1+.08)^3 + $458,000 /(1+.08)^4 + $458,000 /(1+.08)^5 + $458,000 /(1+.08)^6
Present Value = $458,000 + $424,074.07 + $392,661.18 + $363,575.16 + $336,643.67 + $311,707.10 + $288617.69
Present Value = $2,575,278.87
So, the present value of the cash flow stream that the company is offering to me is $2,575,278.87.
One of Hawk Company's customers returned products that cost Hawk $500, which was sold on account for $800. Which of the following correctly describes the affect of the return on the financial statements? Group of answer choices Gross profit decreases $800. Total current assets decrease $300. Sales returns and allowances increase $300. Net sales increase $300.
Answer:
Total current assets decrease $300
Explanation:
Based on the information given what correctly describes the effect of the return on the financial statements will be: TOTAL CURRENT ASSETS DECREASE $300 which is calculated as ($800-$500) reason been that INVENTORY INCREASES with the amount of $500 while ACCOUNTS RECEIVABLE on the other had DECREASES with the amount of $800 leading to DECREASE IN TOTAL ASSETS of the amount of $300.
On January 1, Eastern College received $1,280,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. What amount of tuition revenue should the college recognize on February 28? Assume the college prepares monthly financial statements.a. $640,000.b. $1,280,000.c. $880,000.d. $960,000.e. $320,000.
Answer:
e. $320,000
Explanation:
Calculation to determine amount of tuition revenue should the college recognize on February 28
Using this formula
Tuition revenue =Amount received/Term spans
Let plug in the formula
Tuition revenue=$1,280,000 /4 months
Tuition revenue=$320,000
Therefore amount of tuition revenue should the college recognize on February 28 is $320,000
write 20 abbreviation and words in full ( manuscript )
Answer:
approx. - approximately
appt. - appointment
apt. - apartment
A.S.A.P. - as soon as possible
c/o - care of, used when sending mail to someone who's not at their usual address
dept. - department
D.I.Y. - Do it yourself
est. - established
E.T.A. - estimated time of arrival
min. - minute or minimum
misc. - miscellaneous
Mr. - Mister
Mrs. - Mistress (pronounced Missus)
no. - number
R.S.V.P. - Répondez, s'il vous plait, this initialism comes from the French for "please reply." It's used on invitations to parties and events and is intended (as it says) to be responded to with a "yes, we will attend," or "no, we will not."
tel. - telephone
temp. - temperature or temporary
vet. - veteran or veterinarian
vs. - versus
tsp or t - teaspoon/teaspoons
tbs, tbsp or T - tablespoon/tablespoons
c - cup/cups
gal - gallon
lb - pound/pounds
pt - pint
qt - quart
hope this is what tou looking for. theres more than 20, so you can pick and choose
At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is: Group of answer choices
Answer:
y = $1.10x + $600
Explanation:
Step 1 : Variable Cost calculation
Variable Cost = ($11,600 - $7,200) ÷ (10,000 - 6,000)
= $1.10
Step 2 : Fixed Cost calculation
Total cost = Variable Cost + Fixed Cost
hence,
Fixed Cost = Total Cost - Variable Cost
= $11,600 - (10,000 x $1.10)
= $600
Step 3 : Cost formula for maintenance
Total cost = Variable Cost + Fixed Cost
therefore,
y = $1.10x + $600
where,
y = Total cost
x = Activity level
Using the high-low method, the cost formula for maintenance is : y = $1.10x + $600
Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She also has a home equity loan of $130,000 that she used to pay for a cruise around the world. The interest on the home equity loan was $8,000. What amount is deductible as interest expense for Renee in 2021
Answer:
The amount that is deductible as interest expense for Renee in 2021 is:
= $4,000.
Explanation:
a) Data:
Home mortgage - $110,000
Interest on home mortgage = $4,000
Home equity loan for a cruise around the world = $130,000
Interest on the home equity loan = $8,000
Deductible interest expense for Renee in 2021 is $4,000
b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.
explain why it is important for marketers to be able to measure the effectiveness of marketing activities.
Black Diamond Company produces snow skis . Each ski requires 2 pounds of carbon fiber . The company's management predicts that 6,000 skis and 7,000 pounds of carbon fiber will be in inventory on June 30 of the current year and that 160.000 will be sold during the next ( third ) quarter . A set of two skis sells for $ 400 . Management wants to end the third quarter with 4,500 skis and 5,000 pounds of carbon fiber in inventory . Carbon fiber can be purchased for $ 25 per pound Each ski requires 0.5 hours of direct labor at $ 30 per hour . Variable overhead is applied at the rate of $ 18 per direct labor hour . The company budgets fixed overhead of $ 1,792,000 for the quarter . Required : 1. Prepare the third - quarter production budget for skis .
Answer:
158,500
Explanation:
Preparation of the third - quarter production budget for skis .
BLACK DIAMOND COMPANY Production Budget (in units)Third Quarter
Budgeted ending inventory (skis) 4,500
Add budgeted sale 160,000
Required units of available production 164,500
(4500+160,000)
Deduct beginning inventory (skis) (6,000)
Units to be manufactured 158,500
(164,500-6,000)
Therefore the third - quarter production budget for skis is 158,500
