and the change in average total monthly revenue for these two years. How have these numbers changed? Year (WBCE) Monthly barrels of gosum berries demanded Price per barrel Change in average total monthly revenue Monthly average total revenue 107 700 $70 700x70= 49000 49000/700= 70 108 600 $84

and the change in average total monthly revenue for these two years. How have these numbers changed? Year (WBCE) Monthly barrels of gosum berries demanded Price per barrel Change in average total monthly revenue Monthly average total revenue 107 700 $70 700x70= 49000 49000/700= 70 108 600 $84

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 25E

See similar textbooks

Related questions

Q: d production for several years. Next year, sales are expected to increase by at least 50%. Assuming…

A: The desired ending inventory of finished product will increase to meet the increased projected sales…

Q: The average cost of gas dropped from a high of $2.84 per gallon on June 1, 2015 to a low of $1.66 on…

A: Initial price (P0) = $2.84 Final price (P1) = $1.66 Number of months (n) = 8

Q: Monthly sales of storage sheds at Wallace Garden supply are shown in the following table. Using the…

A: Month Actual Sales January 10 February 12 March 16 April 13 May 17 June 19 July 15…

Q: Over the past year Meredith and Shunt Manufacturing had an average quarterly sales for the past 5…

A: Total average= Total seasonal average/4 Seasonal index= Season average/Total average

Q: A company has international sales with 90 da erm. Their Inventory turnover period is 30 days. What…

A: The days sales in inventory is that accounting ratio which shows that how much time the…

Q: The following time series shows the sales of a particular product over the past 12 months. Month…

A: Forecast, Ft = Ft-1 + α(At-1 - Ft-1) where Ft = Current period forecast Ft-1 = Last period…

Q: Manitoba Transport collects 75% of its monthly sales immediately and the rest at the end of the…

A: Break-Even Sales - Break-even sales defined as the sales at which the company covers only the…

Q: Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for…

A: Introduction: Ending inventory is the cost of goods on hand just at end of a reporting period. A…

Q: The following table shows a tool and dies company’s quarterly sales for the current year. What sales…

A: We can use naive forecast trend to predict sales

Q: Iwans The Crandall store begins each week with 360 phasers in stock. This stock is depleted each…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in…

A: Production in the month of March = Total Sales - (Sales in Jan + Sales in Feb + Sales in April +…

Q: For next year, if the expected sales quantity is 5,000 units, what is the number of units needed to…

A: Expected sales xxx Add quantity needed in ending inventory xx Total quantity required for the period…

Q: Using the following Quarterly Sales Demand Data; read and answer the questions listed below.…

Q: 1. The Air Supply store begins each week with 365 tires in stock. This stock is depleted each week…

A: The carrying cost is the cost of holding inventory spend over a period of time by the entity.

Q: GB Inc. sells 12,000 gallons of ice cream each month from its central storage facility. Monthly…

A: The question ia related to total cost of inventory. Before we proceeds we have to calculate the…

Q: Auto sales at Carmen's Chevrolet are shown below. Using a 3-week moving average, what is the…

A: Moving average is a method of making forecasts or predictions for the future based on the data…

Q: I am having trouble computing the revenue for the income statement.Use the following revenue and…

A: The revenue in the income statement represents the amount earned by the company by selling the…

Q: Dodge Ball Bearings had sales of 12,000 units at $80 per unit last year. The marketing manager…

A: Given: Selling unit last year=12000 unitsSelling price last year =$80 per unitThis year estimated to…

Q: Wafuwafa Company reported the following results from sales of 5,000 units of Product A for June:…

A: Current selling price = P200,000 / 5,000 units = P40 Current unit variable cost = P120,000 / 5,000…

Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…

A: Part 1:-Reorder Point It is the level of inventory at which we need to replenish the inventory…

Q: What is your net dollar sales projection for this year?

A: Sales: It represents the amount of money received from the firm's normal operations. Sales are also…

Q: What is BBOS’s total inventory cost per year,

A: The optimum units of any given product that must be ordered such that its ordering and holding…

Q: Until recently, Augean Cleaning Products sold its products on terms of net 68, with an average…

A: As per the given information: Changed terms - 3/10, EOM, net 68 Current sales - $100 Cost - $88…

Q: Good Morning Sunshine is a wholesaler of coffee makers. In the current year, actual March sales…

A: In this question, we will calculate company's expected cash disbursements in May to its supplier.…

Q: he sales of Neon Co. for a year in units is amounted to 14,400. Due to some shipping and…

A: solution given The sales of Neon Co. for a year in units 14400 maximum possible lead time…

Q: Sapphire Aerospace operates 52 weeks per year, and its costof goods sold last year was $6,500,000.…

Q: GGG Company Assume that the firm is expecting to have the following quarterly unit sales with a…

Q: GB Inc. sells 12,000 gallons of ice cream each month from its central storage facility. Monthly…

A: The question is related to total cost of inventory per month. Before we proceeds we have to…

Q: Acmal Manufacturing Company is estimating the following raw material purchases for the last four…

A: Payment in cash for purchases made in the month of November: = (25% of November month Purchase) +…

Q: Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May.…

A: Units sold in March = Total units - (units sold in January + units sold in feb + units sold in april…

Q: Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter. The…

A: The following calculations are done in the records of Paymore products to evaluate the payments…

Q: The HASF Ink Ltd income statement for the preceding year is presented below except as noted the…

A: The Break-even point is the situation where the organization faces no profit no loss due to the…

Q: Acmal Manufacturing Company is estimating the following raw material purchases for the last four…

A: Amount to be paid in November for purchases in October = October purchase amount x 75% = P900,000 x…

Q: Shown below is the sales forecast for Tulip's industry. For the first four Quarter of the coming…

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is…

Q: January 2100 February 2500 March 2550 Assume that you found an average monthly geometric…

A: Meaning of average monthly geometric rate of change:- It refers to a situation where successive…

Q: Bell Greenhouses has estimated its monthly demand for potting soil to be the following: Assume this…

A: Let us assume the estimated monthly demand: Where, X = Time periods in months (March 2006 = 0,…

Q: Delta’s policy is to keep 20% of next month’s sales in ending inventory. If sales in April are…

A: Units that should be produced in April = Expected units to be sold in April + Required Ending…

Q: Over the past year Bob and Clark Manufacturing had an average quarterly sales for the past 5 years…

A: Seasonal Index has an average value of 1. If seasonal index is above 1, it indicates variation due…

Q: Scouts Corp. projects its sales to be 1,000 units this year. As a result of holding inventories,…

A: In basic terms we have to maintain our inventory by managing properly so that we don't get overstock…

Q: peciaity soup sold ih jars. Selling 222,000 Jars coming year are as follows: year given in the…

A: Soltuion: Ending inventory is calculated as = next quarter's sales units * 30%

Q: The production planner of a company forecasts the sales over the next six months as 180, 220, 210,…

A: Total demand over six months = 180 + 220 + 210 + 190 + 170 + 210 = 1180 Beginning inventory = 100…

Q: I have a sales mix sensitivity increase of 2.59%, this is a 2.59% increase each month for 4…

A: There are many factors which are changeable in nature and they change very frequently like price,…

Q: A company stocks an item that is consumed at the rate of 35 units each day. Every time an order is…

A: Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize…

Q: ARE YOU READY TO PRACTICE: Complete the table below. A Company has the following sales 2,000 in…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A company has international sales with 90 days term. Their Inventory turnover period is 30 days.…

A: The activity ratios are the accounting ratios that measures the activity level of…

Q: Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market…

A: Operating income is the income which is arrived or left after deducting the operating expense like,…

Q: Until recently, Augean Cleaning Products sold its products on terms of net 54, with an average…

A: NPV is one of the most popular method of valuation in capital budgeting. NPV is a method that helps…

Q: A company monitored the cost of its product inspection for 8 years. The costs were AED 100 per year…

A: The present value is calculated by adding the cost of each year.

Question

Complete the table below by calculating what the monthly average total revenue is for year 107, what the monthly average total revenue is for year 108, and the change in average total monthly revenue for these two years. How have these numbers changed?

Year (WBCE)	Monthly barrels of gosum berries demanded	Price per barrel	Change in average total monthly revenue	Monthly average total revenue
107	700	$70	700x70= 49000	49000/700= 70
108	600	$84	600x84= 50400	50400/600= 84
(enter text here)	(enter text here)	(enter text here)	(enter text here)	(enter text here)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Introduction

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The following table shows a tool and dies company’s quarterly sales for the current year. What sales would you predict for the first quarter of next year? Quarter relatives are SR1= 1.10, SR2 = 0.99, SR3 = 0.90, and SR4 = 1.01.Quarter 1 2 3 4Sales 236.50 227.70 220.50 262.60
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year a base year. (Enter the answers in thousands of dollars.) Current Prior ($ thousands) Year Year $1,155,080 $431,000 565,989 Net sales Cost of goods sold 127,576 Trend Percent for Net Sales: Choose Numerator: IChoose Denominator: Trend Percent %3D Current Year: %3D Prior Year: % %D
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) ($ thousands) CurrentYear PriorYear Net sales $ 453,100 $ 230,000 Cost of goods sold 222,019 68,080 Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend Percent Current Year: / = % Prior Year: / = %
Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 802,213 393,339 Prior Year $ 453,350 134,505 Cost of goods sold QS 13-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 1 1 Denominator: = = = Trend Percent 0% 0 %
Using the following Quarterly Sales Demand Data; read and answer the questions listed below. Quarter # Actual Sales (dollars) 1 1416 2 1398 3 1274 4 1167 Calculate the average quarterly Seasonal Index value? (rounded to 2 decimal places). Calculate the total sales if there is a 35% total annual sales decrease next year? (rounded to the nearest whole number) Calculate the Seasonal Index value for Quarter 3? (rounded to 2 decimal places)
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Year as the base year Enter the answers thousands of dollars.
QWE Inn has recorded the following number of rooms sold for the first quarter of the year: January 2100 February 2500 March 2550 What is the average monthly geometric rate of change in rooms sold from January to March equal to?
Over the past year Meredith and Shunt Manufacturing had an average quarterly sales for the past 5 years shown in the table below: SEASON 5-yr AVERAGE Spring 4000 Summer 3000 Fall 2000 Winter 1000 note: write the number with at most 2 decimal place, Round-off the final answer a. Compute the seasonal index for Spring: b. Compute the seasonal index for Summer: c. Compute the seasonal index for Fall: d. Compute the seasonal index for Winter:
If Year 1 sales equal $750, Year 2 sales equal $1500, and Year 3 sales equal $930, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is
Auto sales at Carmen's Chevrolet are shown below. Using a 3-week moving average, what is the forecasted sales for month 7? note: write the rounded-off number (eg. "75" and NOT "75.17") Month Auto Sales 1 7 2 9 3 10 12 9 11 ??? 4 5 6 7
How much sales revenue and net income would you expect PolicePrep to have in the next fiscal year (i.e., 12 months from July, 2003 to June, 2004; see Exhibit 5 on pg. 15). Please explain how you arrived at your answer. Note that Exhibit 5 covers 1 year, with the first column reporting 6 months data from July-Dec 02’ and the next two columns reporting data on the quarterly basis for Jan-Mar 03’ and Apr-Jun 03’)? If you don’t know what EBITDA stands for, please see: http://en.wikipedia.org/wiki/Earnings_before_interest,_taxes,_depreciation_and_amortization
Calculate the returns percentage for the Missy top department for Fall if gross sales are $5,750,000 and the return dollars are $3,160,000. Write answer to two decimal places with the % symbol, example 6.23%