Stan Corporation budgeted sales and gross profit rate for the coming month are P288M and 37.5 %, respectively. Short term interest rates are expected to average 6%. If Stan could increase the inventory turnover from its current 8.0 times to 10.0 times per year, its expected cost savings on the current year would be?

Q: Barka Company is in the period of budgeting for 2022. The Sales manager forecasted the number of…

A: The calculation of revised selling price has been made as follows:

Q: What is the production budgeted for the second quarter? Company policy is to have a finished goods…

A: The question is related to production budget amd it is a multiple choice question. The Company…

Q: Thern Company's budgeted sales for the coming year are $40,500,000 of which 80% are expected to be…

A: The expected increase in accounts receivable can be calculated as follows :

Q: increase inventory turnover from its present level of 9 times a year to a level of 12 times per year

A: Compute average inventory as follows:   For present level: For increase level:

Q: The director of Sonic Ltd has been asked to produce a budgeted income statement for the six months…

A: The net profit: The net profit is computed as the profit after paying all operating expenses…

Q: Ivory Inc. has forecast purchases on account to be $321,000 in March, $381,000 in April, $431,000 in…

A: A cash budget specifies the expected sources of cash over a certain time period. This budget is used…

Q: Jarziz Company is in the period of budgeting for 2022. The Sales manager forecasted the number of…

A: This question has given us the units of forecasted sales and the forecasted selling price and we…

Q: Tilson Corporation has projected sales and production in units for the second quarter of the coming…

A: Workings:

Q: Golden Company is in the period of budgeting for 2022. The Sales manager forecasted the number of…

A: Particulars Amount Current Selling Units 30,000 Increase in Selling Units 20% Revised…

Q: The company’s budgeted sales for the coming year are P30,000,000 of which 70% are expected to be…

A: The company makes cash as well as sales on account. The sales on the account become the accounts…

Q: XYZ company is preparing its cash budget for the first quarter of. the year. It has $10,000 in cash…

A: Budgeted total cash payment = Inventory purchase + other operating expenses - depreciation = $25,000…

Q: Kern Company prepared the following tentative budget for next month:     Sales ...................…

A: Budgeted net income is calculated as sales less total costs.

Q: Down Under Company's budgeted sales and budgeted cost of sales for the coming year are P126 million…

A: Cost of sales = P72,000,000 Short-term interest rate = 10% Current inventory turnover = 9 times…

Q: Draaksh has budgeted sales of $8.7million for the next fiscal year. what is the companys margin of…

A: Given that, Contribution margin ratio = 54.55% Breakeven point sales in dollars = $4,703,208 or…

Q: Wichita Industries' sales are 10% for cash and 90% on credit. Credit sales are collected as follows:…

A: Cash Budget: This budget gives an estimation of all the cash inflows and outflows of business for…

Q: The marketing department of Jessi Corporation has submitted the following sales forecast for the…

A: Total Sales = Budgeted Unit Sales*Selling Price per unit     1st Quarter  2nd Quarter 3rd quarter…

Q: Tyler Corp has the following budgeted sales for the first 4 months of next year: January $80,000…

A: Amount collected from December sales in the month of January = $132,000 × 30%40% = $99,000

Q: Jarziz Company is in the period of budgeting for 2022. The Sales manager forecasted the number of…

A: Ans. For computing  budget we need to use the company's policies and assumptions as well as the…

Q: The following information is applicable to Shine Wholesalers for the year 2020: Budgeted sales: July…

A:

Q: The marketing department of Jessi Corporation has submitted the following sales forecast for the…

A:

Q: The marketing department of Jessi Corporation has submitted the following sales forecast for the…

A: 1. Jessi Corporation Company's Total Sales  Particulars Ist Quarter 2nd quarter 3rd quarter…

Q: ompany’s budgeted sales and cost of sales for the coming year are P72 million and P45 million…

A: Solution: Inventory Turnover ratio = Cost of goods sold/ Average Inventory 9 = 45,000,000/Average…

Q: The following information is applicable to Shine Wholesalers for the year 2020:  Budgeted sales:…

A: 1) Sales Working           A) Cash and credit sales             Particulars June July  August…

Q: What is the production budgeted for the third quarter? Company policy is to have a finished goods…

A: A budget is a statement prepared by the companies, government, and individuals by making an estimate…

Q: In the process of preparing a budget for the second quarter of the current fiscal year, Anderson…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Prince Paper has budgeted the following amounts for its next fiscal year: Total fixed expenses…

A: Operating income: Income statement reports revenues and expenses from business operations, and the…

Q: he data shown were obtained from the financial records of Italian Exports, Inc., for March:…

A: Financial records are those documents which reflect or summarize business transactions.A proper well…

Q: Kupa Ltd has approached to assist in preparing a cash budget. The annual and projected sales are…

A: Sales refer to the amount of revenue generated by selling the products or goods produced or…

Q: n company budgeted sales for the coming year are 40 million of which 80% are expected to be credit…

A: A sales budget is management's prediction of sales for a future financial period. A corporation's…

Q: Y Publishing is considering a change in its credit terms from n/30 to 2/10, n/30. The company's…

A: N/30 means invoice amount due in 30 days.  And 2/10, n/30 means if the customer will pay invoice…

Q: Mars Company is in the period of budgeting for next year. The Sales manager forecasted the number of…

A: Revised sales are calculated by multiplying the revised selling price with the revised number of…

Q: Mars Company is in the period of budgeting for next year. The Sales manager forecasted the number of…

A: Budgeting is a process of estimating or forecasting about future. Like sales budget shows how much…

Q: The marketing department of Jessi Corporation has submitted the following sales forecast for the…

A: Total sales = Units sold*Sales price per unit

Q: Tilson Corporation has projected sales and production in units for the second quarter of the coming…

A: The management requires to know the future requirement of cash due to which it becomes important to…

Q: EM Co.'s budgeted sales and budgeted cost of sales for the coming year are P212,000,000 and…

A: Solution Concept Inventory turnover ratio means the frequency company replaces its inventory…

Q: The total budgeted sales of Nana Kay Ltd for October, the first month of the last quarter in 2019…

A: Cash collections simply means the amount of money collected by an entity during a period of time.…

Q: The total budgeted sales of Obaapa Ltd for April, the first month of the second quarter in 2021 were…

A: Accounts receivable represents the revenue that has been earned but the payment has not been…

Q: Down Under Company's budgeted sales and budgeted cost of sales for the coming year are P126 million…

A: 1) Calculate the average inventory: a) Inventory turnover =Cost of Goods SoldAverage Inventory…

Q: Good Job Oil Company was preparing its sales budget for the first quarter of coming year. Forecasted…

A: Cash collected from december sale in January=Credit sale×40%=P 152,000,000×40%=P 60,800,000

Q: Cameroon Corp. manufactures and sells electric staplers for $15.40 each. If 10,000 units were sold…

A: The budget is prepared by the management on the basis of past experience. On the basis of the…

Q: Blue Company’s budgeted sales and budgeted cost of goods sold for the coming year are $144,440,000…

A: Budgeted sales represent the sales that are expected to be taken place in the future period.

Q: housing. Clifford developed its budget for the current year assuming that the windows would sell at…

A:

Q: Nogueiras Corp's budgeted monthly sales are $8,500, and they are constant from month to month.  40%…

A: Cash Budget   for the Current Month  Receipts Amount in $ Net Cash Sales 3332 Collection…

Q: Buffalo Company’s budgeted sales and budgeted cost of goods sold for the coming year are…

A: Average Inventory=Cost of goods soldInventory turnover=$103,320,0009=$11,480,000

Q: NUBD Corporation expects to sell 150,000 units during the first quarter of 2021, with an ending…

A: Total no. of units produced = sales + ending inventory = 150000 + 20000 = 170,000 units

Q: Lea Company's sales budget shows the following projections for the year ending Dec. 31, 2021: First…

A: Lea Company's           Production Budget           For the Year Ended December 31, 2021…

Q: Coronado Company's budgeted sales and budgeted cost of goods sold for the coming year are…

A: Inventory Turnover = Cost of Goods Sold / Average Inventory