On january 1, 2020, the carla vista company budget committee has reached agreement on the following data for the 6 months ending june 30, 2020. sales units: first quarter 5,400; second quarter 6,100; third quarter 7,900. ending raw materials inventory: 40% of the next quarter’s production requirements. ending finished goods inventory: 25% of the next quarter’s expected sales units. third-quarter production: 7,430 units. the ending raw materials and finished goods inventories at december 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. 5 pounds of raw materials are required to make each unit of finished goods. raw materials purchased are expected to cost $6 per pound.

prepare a production budget by quarters for the 6-month period ended june 30, 2020.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:

Why should managers invest any excess cash