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Please create a schedule of expected cash collections with
this information
12. Sales are ona cash...
Create two years (2020 and 2021) of pro forma income statements and balance sheets and the...
Create two years (2020 and 2021) of pro forma income statements and balance sheets and the statement of cash flows, including operating, investing, and financing sections for 2020 only. Additional Information: The relationship between cost of goods sold and sales revenue Is expected to continue in the near term and no inflation is expected. Operating expenses include $200,000 in depreciation (fixed expense), the remainder is variable costs tied to sales revenue. Fixed assets are adequate to support sales growth for...
1: Prepare a sales budget, including a schedule of expected cash collections. 2: prepare a merchandise...
1: Prepare a sales budget, including a schedule of expected
cash collections.
2: prepare a merchandise purchase budget, including a schedule
of expected cash disbursements for merchandise, and a selling and
administrative budget.
3: prepare a cash budget.
MOST LIKELY NUMBERS AND ASSUMPTIONS SALES MANAGER PRIVATE INFORMATION October Most likely sales 600,000 910,000 475,000 385,000 PURCHASING MANAGER PRIVATE INFORMATION Most likely cost of merchandise as a % of sales Desired ending inventory as a percentage of next month's cost of...
Create a cash flow with the following information: Sales Projection for the month is $30,000 75...
Create a cash flow with the following information: Sales Projection for the month is $30,000 75 % of sales are expected to be collected in current month and the remaining 25% to be collected in the following month. Cost of Goods equals =45% of sales (Materials) 15% of sales (direct labor) 15% of sales (subcontractors) *Materials and subcontractors and paid in the following month while direct labor is paid in the month worked* The owners deposit $20,000 in the bank...
Please provide a 1) Sales budget, including a schedule of expected cash collections. 2) Production budget....
Please provide a
1) Sales budget, including a schedule of expected cash
collections.
2) Production budget.
Kimmel Gnomes, located in South Dakota, may be the only other manufacturer of high quality clay garden gnomes that are hand finished. Kimmel Gnomes are stoneware, rather than terracotta. Stoneware uses higher-quality clay than terracotta and the gnomes are fired at higher temperature, yielding a stronger, more durable gnome. The gnomes are fired inside and out and are colored with glaze before firing, rather...
Complete the Cash Collections Schedule: Provide the formula cell view rather than the numerical answer. Cash...
Complete the Cash Collections Schedule: Provide the
formula cell view rather than the numerical
answer.
Cash Collections
Schedule
January
February
March
60% of current months sale
30% of previous months sale
10% of second previous months sale
Total collections
The Distribution Center of 123 Oil and Gas Company wants a master budget for the next three months, beginning January 1st. It desires an ending minimum cash balance of $4,000 each month. Sales are forecasted at an average selling price/transfer...
a) Prepare a sales budget(in dollars) and cash collections budget for July through September of this...
a) Prepare a sales budget(in dollars) and cash collections
budget for July through September of this year.
b) Prepare a production budget (in units) for July through
September
c) Prepare a direct materials purchase budget(in units) and cash
disbursements budget for Carbon Fiber for July through
September.
Please give the details how to get the answers. Thanks!
K&B Enterprises manufactures a high-tech raincoat for children. The following information has been assembled for next year's first quarter (i.e., Jul - Sep)...
provided Nove Budgeted 2020 Sales: Water bottles February 7,000 produce a cash budger for March January 8.000 8...
provided Nove Budgeted 2020 Sales: Water bottles February 7,000 produce a cash budger for March January 8.000 8,000 April 10,000 Additional information for your budget preparation is as follows: a) Because of increased competition the average sales price per water bottle in 2020 is expected to drop to b) Wonderful Water bottles has a policy that each month's ending inventory of finished goods (water bottles) $15.00 per bottle should be 20% of the following month's sales in units. Ending inventory...
Create These budgets: -selling and administrative expense budget -cash budget include a schedule of cash collections...
Create These budgets:
-selling and administrative expense budget
-cash budget include a schedule of cash collections and
payments
-finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma income statement (financial basis)
D) Pro forma balance sheet
E)Pro forma Income statement (variable cost basis)
F) Pro forma statement of retained earnings
G) breakeven analysis:...
preparing a master budget practice Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Coll...
preparing a master budget practice
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i. Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 23,000 cases Q2...
Additional Information (for all entries; please see the posted Excel spreadsheet): Sales for 2020 are $310,000....
Additional Information (for all entries; please see
the posted Excel spreadsheet):
Sales for 2020 are $310,000. All sales are on credit.
Gross Margin ratio is 40 percent
Accounts Receivable:
$190,000 of the accounts receivable is paid by the end of the
year (the remaining balance remains on the balance sheet).
$4,000 of A/R is written off during the year.
5% of A/R (after write-off and collections) is considered to be
uncollectible.
Inventory:
Inventory purchases are $180,000, all on credit.
All...
1: Prepare a sales budget, including a schedule of expected
cash collections.
2: prepare a merchandise purchase budget, including a schedule
of expected cash disbursements for merchandise, and a selling and
administrative budget.
3: prepare a cash budget.
MOST LIKELY NUMBERS AND ASSUMPTIONS SALES MANAGER PRIVATE INFORMATION October Most likely sales 600,000 910,000 475,000 385,000 PURCHASING MANAGER PRIVATE INFORMATION Most likely cost of merchandise as a % of sales Desired ending inventory as a percentage of next month's cost of...
Please provide a
1) Sales budget, including a schedule of expected cash
collections.
2) Production budget.
Kimmel Gnomes, located in South Dakota, may be the only other manufacturer of high quality clay garden gnomes that are hand finished. Kimmel Gnomes are stoneware, rather than terracotta. Stoneware uses higher-quality clay than terracotta and the gnomes are fired at higher temperature, yielding a stronger, more durable gnome. The gnomes are fired inside and out and are colored with glaze before firing, rather...
Complete the Cash Collections Schedule: Provide the
formula cell view rather than the numerical
answer.
Cash Collections
Schedule
January
February
March
60% of current months sale
30% of previous months sale
10% of second previous months sale
Total collections
The Distribution Center of 123 Oil and Gas Company wants a master budget for the next three months, beginning January 1st. It desires an ending minimum cash balance of $4,000 each month. Sales are forecasted at an average selling price/transfer...
a) Prepare a sales budget(in dollars) and cash collections
budget for July through September of this year.
b) Prepare a production budget (in units) for July through
September
c) Prepare a direct materials purchase budget(in units) and cash
disbursements budget for Carbon Fiber for July through
September.
Please give the details how to get the answers. Thanks!
K&B Enterprises manufactures a high-tech raincoat for children. The following information has been assembled for next year's first quarter (i.e., Jul - Sep)...
provided Nove Budgeted 2020 Sales: Water bottles February 7,000 produce a cash budger for March January 8.000 8,000 April 10,000 Additional information for your budget preparation is as follows: a) Because of increased competition the average sales price per water bottle in 2020 is expected to drop to b) Wonderful Water bottles has a policy that each month's ending inventory of finished goods (water bottles) $15.00 per bottle should be 20% of the following month's sales in units. Ending inventory...
Create These budgets:
-selling and administrative expense budget
-cash budget include a schedule of cash collections and
payments
-finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma income statement (financial basis)
D) Pro forma balance sheet
E)Pro forma Income statement (variable cost basis)
F) Pro forma statement of retained earnings
G) breakeven analysis:...
preparing a master budget practice
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i. Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 23,000 cases Q2...
Additional Information (for all entries; please see
the posted Excel spreadsheet):
Sales for 2020 are $310,000. All sales are on credit.
Gross Margin ratio is 40 percent
Accounts Receivable:
$190,000 of the accounts receivable is paid by the end of the
year (the remaining balance remains on the balance sheet).
$4,000 of A/R is written off during the year.
5% of A/R (after write-off and collections) is considered to be
uncollectible.
Inventory:
Inventory purchases are $180,000, all on credit.
All...
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