To compare the different inventory valuation methods, consider the following fictional company preparing a semiannual balance sheet. each month 100 units of a raw material is purchased, but the price goes up each period. at the end of six months, the company takes a physical count and sees that 300 units are left and 300 units have been consumed.

Bear, inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. they have, and desire, a 25% ending inventory of finished goods. each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. the remainder is received in the quarter following sale. cash collections for the third quarter are budgeted at

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Describe what fixed costs and marginal costs mean to a company.