Use the Information Below to Answer the Following Question(s)

question 161

Multiple Choice

Use the information below to answer the following question(s) .Berry's Boxes manufactures boxes.It expects to sell 20,000 boxes in 2018.The company had enough beginning inventory of direct materials to produce 24,000 units.Beginning inventory of finished units totalled 2,000 with a target ending inventory of 2,500 units.The boxes sell for $3.00 and the company keeps no work-in-process inventory.Direct materials costs for each box total $1.00 while direct labour is $0.50.Factory overhead is $0.20 per box.
-How many boxes should Berry's Boxes produce in 2018?

• A)24,000 boxes
• B)20,000 boxes
• C)19,500 boxes
• D)20,500 boxes
• E)22,500 boxes

Grasp the concept of international trade and the reasons behind it.

Understand the consequences of trade restrictions on economies.

Recognize the importance of the balance of payments and foreign exchange markets in international economics.

Understand the role of labor mobility, income sources, and the shift from rural to urban settings in economic development.

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Definitions:

Expenses

The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Statement Of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how well it manages its cash position.

Cash Balance

The amount of cash held in a company's bank account and on hand at any given time.