Answer: $24,000
Explanation:
Under the defined contribution Keogh plan, Harvey is allowed to contribute the lesser amount of either $57,000 or 20% of his self-employed income from business.
20% of income is;
= 20% * 120,000
= $24,000
This is less than the maximum of $57,000 and so is the amount that Harvey can contribute to his retirement plan.
Flack Corporation, a merchandiser, provides the following information for its December budgeting process: The November 30 inventory was 1,800 units. Budgeted sales for December are 4,000 units. Desired December 31 inventory is 2,840 units. Budgeted purchases are: Multiple Choice 5,800 units. 6,840 units. 4,000 units. 5,040 units. 1,240 units.
Answer: 5,040 units
Explanation:
Budgeted purchases are the purchases that the company needs to make in order to be able to sell its budgeted sales for the month and still have the desired ending inventory they want.
Budgeted purchases can be calculated by the formula:
= Budgeted sales + Desired Ending inventory - Opening inventory
= 4,000 + 2,840 - 1,800
= 6,840 - 1,800
= 5,040 units
Assuming a 360-day year, proceeds of $48,750 were received from discounting a $50,000, 90-day note at a bank. The discount rate used by the bank in computing the proceeds was
Answer:
the discount rate should be 10%
Explanation:
The computation of the discount rate should be given below:
The Amount of discount is is
= $50,000 - $48,750
= $ 1,250
The $1,250 should be for 90 days.
So for 360 days, it should be
= $1,250 × 4
= $5,000.
And, the discount rate is
= $5,000 ÷ 50,000 × 100
= 10%
Hence, the discount rate should be 10%
Assume that Corn Co. sold 7,600 units of Product A and 2,400 units of Product B during the past year. The unit contribution margins for Products A and B are $34 and $59, respectively. Corn has fixed costs of $378,000. The break-even point in units is a.9,450 units b.11,340 units c.7,560 units d.14,175 units
,Answer: a. 9,450 units
Explanation:
You need to find the weighted average contribution margin for both products.
Product A
Weighted average contribution margin = Contribution margin * Units sold / Total units sold
= 34 * 7,600 / (7,600 + 2,400)
= $25.84
Product B
= 59 * 2,400 / 10,000
= $14.16
Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)
= 378,000 / (25.84 + 14.16)
= 9,450 units
Respond to the following in a minimum of 175 words:
• What could researchers do differently to make sure that psychological studies
better represent you and the entire population?
• What do you consider to be the key traits and characteristics of your
personality? Would Jung describe your attitude as more introverted or
extraverted? What combinations of behavior patterns are unique to you?
Explanation:
A ball is thrown straight up from a rooftop 320 feet high. The formula below describes the ball's height above the ground, h, in feet, t seconds after it was thrown. The ball misses the rooftop on its way down and eventually strikes the ground. How long will it take for the ball to hit the ground? Use this information to provide tick marks with appropriate numbers along the horizontal axis in the figure shown.
h=-16t^2+16t+320
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances and the dollars are rounded to the nearest thousand. Assume the year ended on September 30, 2012.
Accounts Payable $ 219
Accounts Receivable 189
Accrued Liabilities 352
Accumulated Depreciation 298
Cash 305
Contributed Capital 149
Depreciation Expense 338
General and Administrative Expenses 355
Income Tax Expense 300
Interest Revenue 90
Long-term Debt 194
Other Current Assets 69
Other Noncurrent Assets 459
Other Expenses 195
Prepaid Expenses 92
Property and Equipment 2,140
Retained Earnings 1,443
Selling Expenses 2,603
Service Revenue 6,361
Short-term Bank Loan 474
Store Operating Expenses 2,164
Supplies 544
Unearned Revenue 173
Prepare an adjusted trial balance at September 30, 2012. (Enter your answers in thousands.)
Answer:
Trial Balance of Starbooks Corporation as on September 30, 2012
Particulars Debit Credit
Accounts Payable $219
Accounts Receivable $189
Accrued Liabilities $352
Accumulated Depreciation $298
Cash $305
Contributed Capital $149
Depreciation Expense $338
General & Admin. Exp. $355
Income Tax Expense $300
Interest Revenue $90
Long-term Debt $194
Other Current Assets $69
Other Noncurrent Assets $459
Other Expenses $195
Prepaid Expenses $92
Property and Equipment $2,140
Retained Earnings $1,443
Selling Expenses $2,603
Service Revenue $6,361
Short-term Bank Loan $474
Store Operating Expenses $2,164
Supplies $544
Unearned Revenue $173
Total $9753 $9753
You purchased an automobile a year ago for $10,000. Its current market price is $6,000, and the expected market value one year from now is $4,000. If the interest rate is 10 percent, how much will it cost you to keep the car for an additional year (over and above operation and maintenance costs)
Answer: $2600
Explanation:
From the information given, the cost price of the automobile is $10000 but the current market price is $6000. If the automobile is old now for $6000 and the money is kept in a bank for.one year at an interest rate of 10%, then the interest gotten on it will be:
= $6000 × 10% × 1
= $600
In a situation whereby the automobile is sold the following year, then the price will be $4,000 and I will get $4,000. Therefore, the cost for keeping the car for an additional year will then be:
= (Current price - Future price) + Interest amount
= ($6,000 - $4,000) + $600
= $2,600.
Item10 1 points Time Remaining 50 minutes 15 seconds00:50:15 Item 10 Time Remaining 50 minutes 15 seconds00:50:15 A long-term asset is recorded at the: Multiple Choice Additional costs to get the asset ready for use. Cost of the asset. Cost of the asset less all costs necessary to the asset ready for use. Cost of the asset plus all costs necessary to the asset ready for use.
Answer:
Cost of the asset plus all costs necessary to the asset ready for use.
Explanation:
The long term asset such as plant & machinery, land & buildings, furniture & fixtures, goodwill, copyrights,patent should be recorded at the cost price also the cost that are required and relevant to the asset for the purpose of ready it for usage are also involved
So as per the given situation, the last option is correct
And, the same should be considered
Based on a predicted level of production and sales of 30,000 units, a company anticipates total contribution margin of $105,000, fixed costs of $40,000, and operating income of $65,000. Based on this information, the budgeted operating income for 28,000 units would be
Answer: $58,000
Explanation:
Operating income for 28,000 units = Contribution margin for 28,000 units - Fixed costs
Contribution margin for 28,000 units:
= 28,000 units * Contribution margin of 30,000 units / 30,000 units
= 28,000 * 105,000 / 30,000
= $98,000 units
Operating income for 28,000 units = 98,000 - 40,000
= $58,000
In the Month of March, Chester received orders of 81 units at a price of $15.00 for their product Creak. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 81 units in April. They received payment for 41 units in March, and 41 units in April. In the March income statement, how much revenue is recognized on the March income statement from this order
Answer:
Chester Corporation
Revenue for March Income Statement for this order = $0
Revenue for April Income Statement for this order = $1,215
Explanation:
a) Data and Calculations:
March: orders of 81 units at a price of $15 received = $1,215
Credit terms = 30 days
April, delivery of 81 units
March, payment for 41 units received
April, payment for 41 units received
In the March income statement, no revenue is recognized on the March Income Statement from this order because the delivery is for April. All revenue will be accounted for in April.
The unit quantity standard of a product is 3 pounds per package, and the unit quantity standard for machine hours is 0.40 hours per package. During August, 190,000 packages were produced. 430,000 pounds and 77,000 hours were used in production. How many pounds and how many machine hours should have been used for the actual output
Answer:
Standard pounds= 570,000 pounds
Standard hours= 76,000 hours
Explanation:
Giving the following information:
Standard pounds= 3 pounds per package
Standard hours= 0.40 hours per package.
During August, 190,000 packages were produced.
To calculate the standard quantity of pounds and hours that should have been used, we need to multiply the standard rate whit the actual output.
Standard pounds= 190,000*3= 570,000 pounds
Standard hours= 0.4*190,000= 76,000 hours
Sales totaled $1,277,750 for the year, variable selling and administrative expenses totaled $158,710, and fixed selling and administrative expenses totaled $212,190. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:
Complete Question:
Krepps Corporation produces a single product. Last year, Krepps manufactured 32,150 units and sold 26,900 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $234, 695 $154, 320 $279, 705 $482, 250 Sales totaled $1,277,750 for the year, variable selling and administrative expenses totaled $158,710, and fixed selling and administrative expenses totaled $212.190. There was no beginning inventory. Assume that direct labor is a variable cost. Under variable costing, the company's net operating income for the year would be:
Multiple Choice
O $28,350 higher than under absorption costing.
0 $28,350 lower than under absorption costing.
0 $78,750 lower than under absorption costing,
0 $78,750 higher than under absorption costing.
Answer:
Krepps Corporation
Under variable costing, the company's net operating income for the year would be:
0 $78,750 lower than under absorption costing
Explanation:
a) Data and Calculations:
Production units = 32,150 units
Sales units = 26,900 units
Production costs :
Direct materials $234, 695
Direct labor $154, 320
Variable manufacturing overhead $279, 705
Fixed manufacturing overhead $482, 250
Sales for the year $1,277,750
Variable selling and administrative expenses $158,710
Fixed selling and administrative expenses $212,190
Income Statement under variable costing:
Sales for the year $1,277,750
Variable cost of goods sold $559,520
Variable selling and administrative expenses $158,710
Total variable costs $718,230
Contribution margin $559,520
Fixed manufacturing overhead $482,250
Fixed selling and administrative expenses $212,190
Total fixed costs $694,440
Net operating loss $134,920
Direct materials $234, 695
Direct labor $154, 320
Variable manufacturing overhead $279, 705
Total variable manufacturing cost $668,720
Production units = 32,150
Unit costs = $20.60
Cost of goods sold = $559,520 ($20.80 * 26,900)
Income Statement under absorption costing:
Sales for the year $1,277,750
Cost of goods sold $963,020
Gross profit $314,730
Fixed selling and administrative expenses $212,190
Variable selling and administrative expenses $158,710
Total fixed costs $370,900
Net operating loss $56,170
Direct materials $234, 695
Direct labor $154, 320
Variable manufacturing overhead $279, 705
Fixed manufacturing overhead $482, 250
Total manufacturing costs $1,150,970
Production units = 32,150
Cost per unit = $35.80
Cost of goods sold = $963,020 ($35.80 * 26,900)
Difference = $78,750 ($134,920 - $56,170)
Risk is a necessary ‘evil’ evil’, support this assessment and give advice risk
managers on how to resolve the effects.
For a high-risk investment, managers require a high reward.
Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending December 31, 20Y3. Zell Company provides customers refunds and allowances for any damaged merchandise. At the end of the year, Zell Company estimates that customers will request refunds and allowances for 1.5% of sales. Assume that on February 3, 20Y4, Zell Company paid a customer a $5,000 cash refund for damaged merchandise. Required: (a) Journalize the adjusting entry on December 31, 20Y3, to record the expected customer refunds and allowances\.\* (b) Journalize the entry to record the cash refund\.\* *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
Solution :
a). Date Description Debit($) Credit($)
31st Dec 20Y3 Sales 27,000
(1,800,000 x 1.5%)
Customer refunds payable 27,000
Estimated sales return 16,000
inventory
Cost of merchandise sold 16,000
b). Date Description Debit($) Credit($)
3 Feb, 20Y4 Customer refund payable 5000
Cash 5000
Merchandise inventory 3100
Estimated return inventory 3100
Various shareholders' equity topics; comprehensive
Part A
In late 2010, the Nicklaus Corporation was formed. The corporate charter authorizes the issuance of 5,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. On January 2, 2011, 3,000,000 shares of the common stock are issued in exchange for cash at an average price of $10 per share. Also on January 2, all 1,000,000 shares of preferred stock are issued at $20 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the shareholders' equity section of the Nicklaus balance sheet as of March 31, 2011. (Assume net income for the first quarter 2011 was $1,000,000.)
Part B
During 2011, the Nicklaus Corporation participated in three treasury stock transactions:
a. On June 30, 2011, the corporation reacquires 200,000 shares for the treasury at a price of $12 per share.
b. On July 31, 2011, 50,000 treasury shares are reissued at $15 per share.
c. On September 30, 2011, 50,000 treasury shares are reissued at $10 per share.
Required:
1. Prepare journal entries to record these transactions.
2. Prepare the Nicklaus Corporation shareholders' equity section as it would appear in a balance sheet prepared at September 30, 2011. (Assume net income for the second and third quarter was $3,000,000.)
Part C
On October 1, 2011, Nicklaus Corporation receives permission to replace its $1 par value common stock (5,000,000 shares authorized, 3,000,000 shares issued, and 2,900,000 shares outstanding) with a new common stock issue having a $.50 par value. Since the new par value is one-half the amount of the old, this represents a 2-for-1 stock split. That is, the shareholders will receive two shares of the $.50 par stock in exchange for each share of the $1 par stock they own. The $1 par stock will be collected and destroyed by the issuing corporation.
On November 1, 2011, the Nicklaus Corporation declares a $.05 per share cash dividend on common stock and a $.25 per share cash dividend on preferred stock. Payment is scheduled for December 1, 2011, to shareholders of record on November 15, 2011.
On December 2, 2011, the Nicklaus Corporation declares a 1% stock dividend payable on December 28, 2011, to shareholders of record on December 14. At the date of declaration, the common stock was selling in the open market at $10 per share. The dividend will result in 58,000 (.01 × 5,800,000) additional shares being issued to shareholders.
Required:
1. Prepare journal entries to record the declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2011, shareholders' equity section of the balance sheet for the Nicklaus Corporation. (Assume net income for the fourth quarter was $2,500,000.)
3. Prepare a statement of shareholders' equity for Nicklaus Corporation for 2011.
Answer:
good question. Wait for the answer
Explanation:
Depletion Entries Alaska Mining Co. acquired mineral rights for $9,432,000. The mineral deposit is estimated at 52,400,000 tons. During the current year, 7,850,000 tons were mined and sold. a. Determine the amount of depletion expense for the current year. Round the depletion rate to two decimal places. $fill in the blank b21c5bf8507dfbf_1 b. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank.
Answer:
a.$1,413,000
b.Dr Depletion Expense $1,413,000
Cr Accumulated Depletion $1,413,000
Explanation:
a. Calculation to determine the amount of depletion expense for the current year.
First step is calculate the depletion per ton
Depletion per ton=$9,432,000/52,400,000 tons Depletion per ton= $0.18 per ton
Now let calculate the depletion expense
Depletion expense =7,850,000 tons × $0.18
Depletion expense = $1,413,000
Therefore the amount of depletion expense for the current year is $1,413,000
b. Preparation of the adjusting entry on December 31 to recognize the depletion expense
Dr Depletion Expense $1,413,000
Cr Accumulated Depletion $1,413,000
(To record Depletion of mineral deposit)
Your division is considering two investment projects, each of which requires an up-front expenditure of $17 million. You estimate that the investments will produce the following net cash flows:
Year Project A Project B
1 $4,000,000 $20,000,000
2 10,000,000 10,000,000
3 20,000,000 6,000,000
Required:
a. What are the two projects' net present values, assuming the cost of capital is 5%?
b. What are the two projects' net present values, assuming the cost of capital is 10%?
c. What are the two projects' net present values, assuming the cost of capital is 15%?
d. What are the two projects' IRRs at these same costs of capital?
Answer:
A
Explanation:
trust the brain bro.....
Conducting a search of the story is part of store closing duties why
Searching for the store is part of store closing duties. Why?
A. To look for empty boxes
B. To ensure that all trash has been removed
C. To make sure someone is not hiding
D. To make sure all merchandise is on the sales floor
Answer:
B. To ensure that all trash has been removed
Explanation:
The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.
In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.
Question 6 of 10
How does a low credit score affect a person who applies for a loan?
O A. It causes banks to charge the person higher interest rates on the
loan.
B. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
C. It allows banks to give the person a loan without checking his or
her tax records.
D. It makes banks more likely to give the person a large, long-term
loan.
SUBMIT.
Answer:
A. it causes Banks to charge the person higher interest rates on the loan
One of the reasons why cash flow analysis is popular is because ________.
a) cash flows are more subjective than net income
b) cash flows are hard to understand
c) it is easy to manipulate, or spin the cash flows
d) it is difficult to manipulate, or spin the cash flows
e) none of these
Answer:
D
Explanation:
Cash flow is the flow of cash and cash equivalent in and and out of a business.
there are three types of cash flows:
1. Investing cash flow - It involves the use of long term cash. it is the cash flow generated from the purchase and sale of fixed asset e.g. Sale of plant assets.
2. operating cash flow - it shows the net amount of cash generated from a company's normal business operation
3. financing cash flow - it shows the net amount of funding a company receives over a given period e.g. issuance of common stock
Reasons why cash flow analysis is popular
Cash flows are less subject to manipulation when compared with net incomeCash flow in often positive when net income is negative or zeroFor a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 350 units, and the total annual inventory (holding and order) cost is $1050. What is the inventory holding cost per unit per year for this item
Answer: $3 per unit per year
Explanation:
Inventory holding cost per unit for this item is:
= Total Annual inventory carrying cost / Average inventory
Total Annual inventory carrying cost = Total annual inventory / 2
= 1,050 / 2
= $525
Average inventory = EOQ / 2
= 350 / 2
= 175 units
Inventory holding cost per unit = 525 / 175
= $3 per unit
Grapefruit, Inc. provides the following information for 20X8: Net income $39,000 Market price per share of common stock $20/share Dividends paid $0.75/share Common stock outstanding at Jan. 1, 2018 110,000 shares Common stock outstanding at Dec. 31, 2018 155,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock.
Answer: 3.75%
Explanation:
Dividend yield = Annual dividend / Common stock market price
Annual dividend = 0.75 per share
Common stock market price = $20 per share
Dividend yield = 0.75 / 20
= 3.75%
Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 3% of net sales. Net sales made under warranty in 2021 were $218 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $4.40 million. The amount of warranty expense on Angel's 2021 income statement is:______.
Answer:
the amount of warranty expense on Angel's 2021 income statement is $6.54 million
Explanation:
The computation of the amount of warranty expense on Angel's 2021 income statement is given below:
Warranty expense on Angel's 2021 income statement is is
= Net sales × 3%
= $218 million × 3%
= $6.54 million
Hence, the amount of warranty expense on Angel's 2021 income statement is $6.54 million
Nate borrowed $38,672 from bank and his friends to expand his casino business. Nate set up an aim to pay $2,450 at the end of each week for 16 weeks. Assume each year has 52 weeks. What are the nominal rate per year and the effective interest rate per year?
Answer:
Hence, the Nominal annual rate is 20.28%.
Effective annual rate is 22.43%.
Explanation:
Amount borrowed = $38,672.
Weekly repayment for 16 weeks = $2,500.
Loan repayment = (Loan amount x r) / {1-(1+r)-n}
$2,450 = ($38,672 x r)/{1-(1+r)-16}
r= 0.39%
Weekly interest rate = 0.39%
Nominal annual rate = 0.39 % x 52 weeks = 20.28%
Effective annual rate = [tex](1 + 0.0039^{52} ) - 1[/tex] = 0.2243 = 22.43%
When the value of a currency A reduces as a result of an increase in the value of another currency B, then currency A would be said to have Select one O a, Arranged b. Depreciated OC Devalued O d. Denominated
the answer is not here the answer is deficit but I will pick depreciated
MC Qu. 120 Levelor Company's flexible budget shows... Levelor Company's flexible budget shows $10,640 of overhead at 75% of capacity, which was the operating level achieved during May. However, the company applied overhead to production during May at a rate of $2.20 per direct labor hour based on a budgeted operating level of 6,050 direct labor hours (90% of capacity). If overhead actually incurred was $11,106 during May, the controllable variance for the month was:
Answer: $466 Unfavorable
Explanation:
The Controllable variance is found by the formula:
= Flexible budget overhead - Actual Overhead incurred
= 10,640 - 11,106
= -$466
As this is a negative, it is an Unfavorable variance because it shows that actual overhead was higher than planned.
Cunningham Industries reported actual sales of $2,000,000, and fixed costs of $510,000. The contribution margin ratio is 30%.
Compute the margin of safety in dollars and the margin of safety ratio.
Answer:
Results are below.
Explanation:
Giving the following information:
Actual sales= $2,000,000
Fixed costs= $510,000
Contribution margin ratio= 0.3
First, we need to calculate the break-even point in sales dollars:
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 510,000 / 0.3
Break-even point (dollars)= $1,700,000
Now, the margin of safety:
Margin of safety= (current sales level - break-even point)
Margin of safety= 2,000,000 - 1,700,000
Margin of safety= $300,000
Finally, the margin of safety ratio:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= 300,000 / 2,000,000
Margin of safety ratio= 0.15 = 15%
________ controls cover security processes that are designed by strategic planners and implemented by the security administration of the organization. a. Operational b. Informational c. Technical d. Managerial
Answer:
d. Managerial
Explanation:
The managerial controls covers the process of the security that could be designed via strategic planners and the same should be implemented via the organization security administration
So as per the given situation, the option d is correct
And, the rest of the options are incorrect
The same should be relevant
A stock has a beta of 1.45, the expected return on the market is 19 percent, and the risk-free rate is 5.00 percent. What must the expected return on this stock be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Answer: 25.30%
Explanation:
This can be calculated by the Capital Asset Pricing Model (CAPM):
= Risk free rate + Beta * (Market return - Risk free rate)
= 5% + 1.45 * (19% - 5%)
= 5% + 20.3
= 25.30%
Initially this seen as a temporary crop until the colonists learned that they could diversify it wine and other food crops. Colonists wanted to grow this crop because it made them money in short time with little investment. What was this crop?
Answer:
Tobacco
Explanation:
Tobacco, grown from seeds stolen from the Spanish, was the cash crop that saved the colonists in the New World. Because growing tobacco required lots of hard work and labor, more people were needed to work in the fields. The more workers one had, the more tobacco they could grow and the greater the profit they could gain.
The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2019.
Question Completion:
Benet Company has budgeted the following unit sales for 2019 and 2020:
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1
Sales units 105,000 60,000 75,000 120,000 90,000
Answer:
Benet Company
Production Budget for 20198:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Sales units 105,000 60,000 75,000 120,000
Ending inventory 12,000 15,000 24,000 18,000
Units available for
sale 117,000 75,000 99,000 138,000
Beginning inventory 21,000 12,000 15,000 24,000
Production 96,000 63,000 84,000 114,000
Explanation:
a) Data and Calculations:
Budgeted unit sales for 2019 and 2020:
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1
Sales units 105,000 60,000 75,000 120,000 90,000
Ending inventory 12,000 15,000 24,000 18,000
Units available for
sale 117,000 75,000 99,000 138,000
Beginning inventory 21,000 12,000 15,000 24,000 18,000
Production 96,000 63,000 84,000 114,000
