ch09-Homework(1)

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Safari 4:23 PM Tue Jan 30 22 23 24 25 26 27 28 29 HW Set 1 (Ch 2 and 3) Template 1 2 3 4 Total net sales 5 Operating expenses: 6 Cost of sales 7 Fulfillment 8 Marketing Expense 9 Technology and content 10 11 12 13 14 15 16 17 18 19 20 Equity-method investment activity, net of tax 21 Net income 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Calibri (Body) fx Require more detailed information but will initially classify as related to operating activities General and administrative Other operating expense, net Total operating expenses Operating income (loss) Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes 11 E 2.16 Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions A E 2.17 Home Insert Draw Page Layout E 3.15 BIU Consolidated Statements of Comprehensive Income - USD ($) $ in Millions Statement of Comprehensive Income [Abstract] Net income Other…

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11 Sohar Alluminum LLC sales information is given below                June                 OMR 180,000                July                   OMR 192,000                August               OMR 108,000                September         OMR 174,000                October             OMR 126,000                November          OMR 140,000                December          OMR 160,000 50% of credit sales are realized in the month following the sale and the remaining 50% in the second month following. How much amount will be collected from sales in September month? a. OMR 120,000 b. None of these c. OMR 180,000 d. OMR 150,000

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QUESTION 2 QwikStore has generated their daily sales records on the results of selling their 20 oz. “Awesome Drink" across the last 400 days. What is the expected value of "Awesome Drinks"? Number Sold of "Awesome Drinks" 50 75 100 125 Total O A) 22.50 O B) 110 O C) 325 O D) 88.13 O E) 1.00 Number of Days 75 120 125 80 400

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Question 29/50 58 % 83 min 18 secs Catt sells goods at a margin of 50%. During the year to 31 March 2015 the business made purchases totalling $134,025 and sales totalling $240,000. Inventories in hand at 31 March 2015, valued at cost, was $11,385 higher than the corresponding figure at 1 April 2014. What was the cost of the goods Catt had drawn out? A. O 14590 В. 2640 C. Vin 25410 D. 37360 Next O Mark For Review e

QUESTION 27 The following information pertains to Hepburn Company: Month Sales Purchases January February March $63,000 $82,000 $102,000 $39,000 $44,000 $57,000 Cash is collected from customers in the following manner: Month of sale 35% 65% Month following the sale 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Labor costs are 30% of sales. Other operating costs are $32,000 per month (including $9000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $15,800. A minimum cash balance of $3000 is required at the end of the month. Money can be borrowed in multiples of $1,000. What is the ending cash balance for March? $15,800 $2000 $9800 $3000

H#5 My Aunt’s Closet Store collects 60% of its accounts receivable in the month of sale and 35% in the month after the sale. Given the following sales, how much cash will be collected in March? Feb: $20,000 March: $60,000 April: $70,000

Ch. 8 Homework 2 Please solve and explain the following problem Croy Inc. has the following projected sales for the next five months: MonthSales in UnitsApril 3,850May 3,875June 4,260July 4,135August 3,590 Croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. Raw materials on hand at March 31 totaled 3,865 pounds. 1) Determine budgeted production for April, May, and June. 2) Determine the budgeted cost of materials purchased for April, May, and June

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LTE 11% 4-22-1 - Nije spremljeno 5 Accounts Receivable Collections Budget Example 1 Accounts Receivable Collections Budget $ December 15,000 Actual Sales: (excl GST) January 13,000 Expected Sales: (excl GST) February 10,000 March 8.000 All sales are made on credit and the expected pattern of receipts is: - 50% pay in the month of sale - 50% pay in the following month GST is accounted for on a cash basis. Required: Prepare an accounts receivable collections budget for January, February and March, showing GST collected separately. Business Budgeting - Chapter 6 23:34 ZAD1 ! BI U O A ||| O H LearnNow Publications www.learnnowbiz.com 5 123 |||| < TÄT

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17:03 9 @ ll l 74% i MANAGEMENT ACCOUNTING QUESTION THREE (3) Case Study for Slopes Company. Comprehensive operating budget. Slopes, Inc., manufactures and sells snowboards. Slopes manufactures a single model, the Pipex. In the summer of 2018, Slope's accountant gathered the following data to prepare budgets for 2019: Materials and labor requirements Direct materials: Wood 5 board feet per snowboard Fiberglass 6 yards per snowboard Direct manufacturing labor 5 hours per snowboard Slopes' CEO expects to sell 1,000 snow boards during 2019 at an estimated retail price of RM 450 per board. Further, he expects 2019 beginning inventory of 100 boards, and would like to end 2019 with 200 snowboards stock. Direct materials inventories Beginning Inventory 1/1/2019 Ending Inventory 12/31/2019 Wood 2,000 1,500 Fiberglass 1,000 2,000 Variable manufacturing overhead is allocated is allocated at the rate RM 7 per direct manufacturing labor-hour. There are also RM 66,000 in fixed manufacturing…

P10-10. Calculating Sales Mix, Break-Even Point in Units, and Break-Even Point in Dollars LO4 Nutting Company sells three types of nuts: almonds, cashews, and walnuts. Ten thousand cans of nuts were sold in 2016, and the amount of walnuts sold were twice as much as the number of cans of cashews, whereas almond sales were one-half the amount of cashew sales. Fixed costs were $40,000, and the unit sales prices and unit variable costs were as follows: Product Unit Sales Price Unit Variable Cost Almonds. $ 8 $4 Cashews. 10 5 Walnuts.... 4 REQUIRED: 1. Compute the number of cans of each kind of nut sold. 2. Compute the sales mix percentages. 3. Compute the weighted-average contribution margin per unit. 4. Compute the overall break-even unit sales. 5. Compute the unit sales of almonds, cashews, and walnuts at the break-even point. 6. Compute the break-even dollar sales of almonds, cashews, and walnuts.

Problem 17-3A Analysis of working capital LO4 Hallfax Fisheries Inc. began the month of March with $769,000 of current assets, a current ratio of 2.5 to 1, and a quick ratio of 11 to 1 During the month, It completed the following transactions: Mar. 6 Bought $86,900 of merchandise on account. (The company uses a perpetual inventory system.) 11 Sold merchandise that cost 71,800 for $122,500. 15 Collected a 30,900 account receivable. 17 Paid a $32,900 account payable. 19 Hrote off $14,900 bad debt against Allowance for Doubtful Accounts. 24 Declared a $2.20 per share cash dividend on the 41,900 outstanding common shares. 28 Paid the dividend declared on March 24. 29 Borrowed $94,500 by giving the bank a 30-day, 18% note. 30 Borrowed $119,000 by signing a long-term secured note. 31 Used the $213,500 proceeds of the notes to buy additional machinery. Required: Prepare a schedule showing Halifax Fisheries Inc.'s current ratio, quick ratio, and working capital after each of the transactions.…

Problem 22-4A Departmental contribution to income LO P3 Vortex Company operates a retail store with two departments. Information about those departments follows.    Department A Department B Sales $ 800,000   $ 450,000   Cost of goods sold   497,000     291,000   Direct expenses:             Salaries   125,000     88,000   Insurance   20,000     10,000   Utilities   24,000     14,000   Depreciation   21,000     12,000   Maintenance   7,000     5,000      The company also incurred the following indirect costs.      Salaries $36,000 Insurance 6,000 Depreciation 15,000 Office expenses 50,000    Indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. Additional information about the departments follows.  Department Square footage Number of employees A   28,000     75   B   12,000     50      Required:1.…

ABC 20.3 A sole trader fixes his prices to achieve a gross profit percentage on sales revenue of 40%. All his sales are for cash. He suspects that one of his sales assistants is stealing cash from sales revenue. His trading account for the month of June 20X3 is as follows: 181,600 114,000 67,600 Recorded sales revenue Cost of sales Gross profit Assuming that the cost of sales figure is correct, how much cash could the sales assistant have taken? $5,040 B $8,400 $22,000

%24 Flint, Inc. provided the following information: July August Projected sales $236,000 $250,000 Projected merchandise purchases $144,000 $176,000 Flint estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Flint pays for 30% of merchandise purchases in the month purchased and 70% in the following month. General operating expenses are budgeted to be $20,500 per month, including depreciation of $1,900. Flint pays operating expenses in the month incurred. Flint makes loan payments of $3,500 per month of which $600 is interest and the remainder is principal. Calculate Flint's budgeted cash disbursements for August. Budgeted Cash Disbursements $. eTextbook and Media Save for Later Attempts: 0 of 3 used Submitswer f4 f5 f12 64 prt s 91 23. %3D 5. 8.

Exercise 425 A salus badget for the fint five montdn of 2021 i given on a certain prohuct line mamufactured by loots Styles. Inc. Sales budeet in unita 157,000 Janry Fetrary 162,000 201000 223000 March April May 245,000 The inventory of finished products at the end of each month is equal to 20% of the sales estimate for the next month. This roquirement is expected to be met by Jan. 1. No work is in peocess at the end of each month. Each unit of product requires two types of raw materials as follows: Material A unit Material B 6 units The estimated cost of Material A is P5.00 per unit, und the estimatod cost of Material B is PO.60 per unit. Materials equal to 30% of next month's production needs are to be on hand at the end of each month. This requirement is expected to be met on Jan. I. REQUIRED: 1. Prepare a production badget for the first quarter of 2021 broken down by months. Include a total column. 2. Prepare a purchases budget for each type of raw materials also for the first…