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Just need #9 answered. 8) Cooke Company incurs $4 per unit of variable selling and administrative...
Just need #9 answered.
8) Cooke Company incurs $4 per unit of variable selling and administrative expense and $50,000 per month in fixed selling and administrative expense. Of the fixed expense, $12,000 relates to depreciation each month. Selling and administrative expense is paid in the month incurred. During February 2011, Cooke produced 50,000 units and sold 48,000 units. What amount would Cooke include for selling and administrative expense on its February income statement? a. $250,000 b. $238,000 c. $242,000 d....
I do not know how to find the beginning balance for the 3rd or 4th quarter.....
I do not know how to find the beginning balance for the 3rd or
4th quarter.. i keep getting it wrong. Also how do I find interest
for the 2nd quarter (blank spot where it is supposed to be).
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
230,000
$
380,000...
How do I find the Beginning Cash for a Cash Budget? I have already put in the other information that I have. It is just...
How do I find the Beginning Cash for a Cash Budget? I have already put in the other information that I have. It is just the Beginning Cash Balance that I am having trouble figuring it out? All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in...
Accounting Help. Pls Multiple Part Question. Current Attempt in Progress Sunland Company prepares monthly cash budgets....
Accounting Help. Pls Multiple Part Question.
Current Attempt in Progress Sunland Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. January February Sales $432,000 Direct materials purchases 135,000 $388,800 129,600 97,200 75,600 Direct labor Manufacturing overhead 108,000 81,000 91,800 Selling and administrative expenses 85,320 All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month...
I've done most of it. I just need the repayments- notes on requirement 3. Then the...
I've done most of it. I just need the repayments- notes on
requirement 3. Then the cash and retained earnings on Requirement
5. I keep getting them wrong.
Minden Company is a wholesale distributor of premium European
chocolates. The company’s balance sheet as of April 30 is given
below:
Minden Company
Balance Sheet
April 30
Assets
Cash
$
14,500
Accounts receivable
72,750
Inventory
31,750
Buildings and equipment, net of
depreciation
209,000
Total assets
$
328,000
Liabilities
and Stockholders’ Equity
Accounts...
I want this solution with formuals on excel. Before copy pasting other answers, please keep in...
I want this solution with formuals on excel. Before copy pasting other answers, please keep in mind, SHOW EXCEL FORMULAS. I will make on excel from that formuals. Do not just solve and paste screen shot or image. Please do not waste my question by posting wrong solns. I will report u if your answer did not meet requirement I asked for. The ABC Company has made the following monthly estimates of cash receipts and cash disbursements when preparing cash...
Please show workings! I really want to know how to actually do this. I'll be sure...
Please show workings! I really want to know how to actually do
this. I'll be sure to give a thumbs up :)
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash Budget Quarter (000 omitted) 2...
Problem Solving Completing a Master Budget: The following data relate to the operations of Rebel Corporation,...
Problem Solving Completing a Master Budget: The following data relate to the operations of Rebel Corporation, a wholesale distributor of consumer goods. Current assets as of December 31: Cash Accounts receivable Inventory Buildings and equipment Accounts payable Capital Stock Retained earnings 15,000 25,000 18,500 110.000 35.000 100,000 23,500 a. The gross margin is 40% of sales (so cost of goods sold is 60% of sales) b. Actual and budgeted sales data are as follows: Below table indicates sales for December...
Yandell has $15,000 in cash on hand on January 1 and has collected the following budget...
Yandell has $15,000 in cash on hand on January 1 and has collected the following budget data. (Click on the icon to view the budget data) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yandell has cash payments for selling and administrative expenses including salaries of $40,000 per month plus commissions that are 2% of sales, all paid in the month of sale. The company requires a minimum cash balance of $15,000....
hi I need help with these questions... thanks DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity...
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
Just need #9 answered.
8) Cooke Company incurs $4 per unit of variable selling and administrative expense and $50,000 per month in fixed selling and administrative expense. Of the fixed expense, $12,000 relates to depreciation each month. Selling and administrative expense is paid in the month incurred. During February 2011, Cooke produced 50,000 units and sold 48,000 units. What amount would Cooke include for selling and administrative expense on its February income statement? a. $250,000 b. $238,000 c. $242,000 d....
I do not know how to find the beginning balance for the 3rd or
4th quarter.. i keep getting it wrong. Also how do I find interest
for the 2nd quarter (blank spot where it is supposed to be).
Garden Depot is a retailer that is preparing its budget for the
upcoming fiscal year. Management has prepared the following summary
of its budgeted cash flows:
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Total cash receipts
$
230,000
$
380,000...
Accounting Help. Pls Multiple Part Question.
Current Attempt in Progress Sunland Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. January February Sales $432,000 Direct materials purchases 135,000 $388,800 129,600 97,200 75,600 Direct labor Manufacturing overhead 108,000 81,000 91,800 Selling and administrative expenses 85,320 All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month...
I've done most of it. I just need the repayments- notes on
requirement 3. Then the cash and retained earnings on Requirement
5. I keep getting them wrong.
Minden Company is a wholesale distributor of premium European
chocolates. The company’s balance sheet as of April 30 is given
below:
Minden Company
Balance Sheet
April 30
Assets
Cash
$
14,500
Accounts receivable
72,750
Inventory
31,750
Buildings and equipment, net of
depreciation
209,000
Total assets
$
328,000
Liabilities
and Stockholders’ Equity
Accounts...
Please show workings! I really want to know how to actually do
this. I'll be sure to give a thumbs up :)
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash Budget Quarter (000 omitted) 2...
Problem Solving Completing a Master Budget: The following data relate to the operations of Rebel Corporation, a wholesale distributor of consumer goods. Current assets as of December 31: Cash Accounts receivable Inventory Buildings and equipment Accounts payable Capital Stock Retained earnings 15,000 25,000 18,500 110.000 35.000 100,000 23,500 a. The gross margin is 40% of sales (so cost of goods sold is 60% of sales) b. Actual and budgeted sales data are as follows: Below table indicates sales for December...
Yandell has $15,000 in cash on hand on January 1 and has collected the following budget data. (Click on the icon to view the budget data) Assume direct labor costs and manufacturing overhead costs are paid in the month incurred. Additionally, assume Yandell has cash payments for selling and administrative expenses including salaries of $40,000 per month plus commissions that are 2% of sales, all paid in the month of sale. The company requires a minimum cash balance of $15,000....
hi I need help with these
questions... thanks
DONAVAN, INC. Balance Sheet Liabilities and Stockholders' Equity Liabilities Assets Cash Inventory Buildings Total assets $ 7,000 10,000 45,000 $62,000 Accounts payable $ 5,000 Stockholders' equity Common stoc Retained earnings Total liabilities and stockholders' equity $62,000 Income Statement $85,000 Revenues Cost of goods sold Salaries and wages expense Net income 10,000 $ (d) Retained Earnings Statement Beginning retained earnings Add: Net income Less: Dividends $12,000 5,000 $27,000 Ending retained earnings Instructions Calculate...
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