10. The following credit sales are budgeted by Vaughn
Manufacturing:
January | $164000 |
February | 250000 |
March | 380000 |
April | 280000 |
The company's past experience indicates that 70% of the accounts
receivable are collected in the month of sale, 20% in the month
following the sale, and 8% in the second month following the sale.
The anticipated cash inflow for the month of April is
$329120.
$278800.
$292000.
$272000.
17. A company budgeted unit sales of 274000 units for January,
2017 and 310000 units for February 2017. The company has a policy
of having an inventory of units on hand at the end of each month
equal to 30% of next month's budgeted unit sales. If there were
82200 units of inventory on hand on December 31, 2016, how many
units should be produced in January, 2017 in order for the company
to meet its goals?
274000 units
263200 units
284800 units
367000 units
18. At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Concord’s policy is to maintain an ending inventory equal to 25% of the next quarter’s sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2016?
$1505280
1650000
$450000
$10035.20
23. Sheridan Company reported the following information for
2016:
October | November | December | |
Budgeted sales | $390000 | $410000 | $500000 |
Budgeted purchases | $270000 | $226000 | $258000 |
How much cash will Sheridan receive during November?
$205000
$410000
$455000
$400000
10) | Particulars | January | February | March | April | |
Sales | $ 164,000.00 | $ 250,000.00 | $ 380,000.00 | $ 280,000.00 | ||
Collection for: | ||||||
January | $ 114,800.00 | $ 32,800.00 | $ 13,120.00 | |||
February | $ 175,000.00 | $ 50,000.00 | $ 20,000.00 | |||
March | $ 266,000.00 | $ 76,000.00 | ||||
April | $ 196,000.00 | |||||
$ 292,000.00 |
17) | Particulars | January | February | |
Budgeted sales | 274000 | 310000 | ||
Add: | Desired ending inv. | 93000 | ||
Less: | Beginning inventory | 82200 | ||
Production needed | 284800 |
18) | Particulars | Q1 | Q2 | Q3 | ||
Sales | 8000 | 8960 | 10035.2 | |||
Selling price | $ 150.00 | |||||
Sales | $ 1,505,280.00 |
23) | Particulars | October | November | December | |
Budgeted sales | $ 390,000.00 | $ 410,000.00 | $ 500,000.00 | ||
Collection for: | |||||
October | $ 195,000.00 | $ 195,000.00 | |||
November | $ 205,000.00 | ||||
$ 400,000.00 |
10. The following credit sales are budgeted by Vaughn Manufacturing: January $164000 February 250000 March 380000...
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