Question

questions 5-9 please help. these are mulitple choice

dnather step important in the construction of a Pro Forma Income Statement is the determination of units of goods to produce. What is the formula for computing it? State it below: 6 Having accurately stated the formula for determining units of goods to produce in Question 5, now use it to compute the production requirement for Comco Inc., if Comco's Beginning Inventory is 155; Projected Unit Sales is 1,100, and Desired Ending Inventory is 150. a. Units of Goods to Produce 1,405 b. Units of Goods to Produce 1,105 Units of Goods to Produce 1,095 Units of Goods to Produce 950 c d. None of the above. e. 7. In your hypothetical capacity as a financial analyst what tool would you use to predict the increase and decrease in short-term borrowing in financial planning? a. Ratio Analysis b. Trend Analysis c. Income Statement d. Cash Budget None of the above. e. A Baltimore-based firm, Wigley, forecasted inventory purchases of $5,000 in October, $4,000 in November, and $4,000 in December. All purchases are on credit; 40 % is paid in the month of purchase and the remainder is paid in the following month. How much cash is paid in November? a. $5,400 8. b. $4,800 c. $6,000 d. $4,000 None of the above. e. 9. Beyond the break-even point: a. All of a firm's contribution per unit is absorbed by variable costs b. All of a firm's contribution per unit is absorbed by fixed costs c. All of a firm's contribution per unit is profit d. There is no contribution per unit. None of the above. e.

Answer 1

(6 Formula to calculate units of goods to produce is Openie projected sales + closing Stock - opening - stock. 6 units of goods to produce 1100 units +150 - 155 - z 1095 units ( Ratio Analysis In that current ratio will be used to know increase Cor) decrease in short term borrowings. - Cursent ratio = Current assets current liabilities (8) Cash paid in November 60-l. ($5000) purchase in October clot. ( $4000) purchase in November $3000 $1600 Cash paid in November. $ 4600 (9 At Break even point there will be no pro fit and no Coss. After Break even point, All of a firm's - contribution margin per unit is profit Answer C