Use the following information for the exercises below. ruiz co. provides the following sales forecast for the next four months: april may june july sales (units) 570 650 600 690 the company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. finished goods inventory on april 1 is 228 units. assume july's budgeted production is 600 units. in addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. beginning raw materials inventory for april was 722 pounds. assume direct materials cost $5 per pound. exercise 20-4 manufacturing: direct materials budget lo p1 prepare a direct materials budget for april, may, and june. (round your intermediate calculations and final answers to the nearest whole dollar amount.)

answer: it is a cellular phone

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it