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Badlands, Inc. manufactures a household fan that sells for $25 per unit. All sales are on...
Badlands, Inc. manufactures a household fan that sells for $25 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records. Badlands maintains a minimum cash balance of $32,000. Total payments in January 20x1 are budgeted at $200,000. A schedule of cash collections for January and February of 20x1 revealed the following receipts for...
Badlands, Inc. manufactures a household fan that sells for $25 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records. • Badlands maintains a minimum cash balance of $28,000. Total payments in January 20x1 are budgeted at $225,000. • A schedule of cash collections for January and February of 20x1 revealed the following...
Badlands, Inc. manufactures a household fan that sells for $25 per unit. All sales are on account, with 30 percent of sales the month of sale and 70 percent collected in the following month. The data that follow were extracted from the company's accounting in . . Badlands maintains a minimum cash balance of $21,000. Total payments in January 20x1 are budgeted at $205,000. A schedule of cash for January and February of 20x1 revealed the following receipts for the...
Badlands, Inc. manufactures a household fan that sells for $20 per unit. All sales are on account, with 35 percent of sales collected in the month of sale and 65 percent collected in the following month. The data that follow were extracted from the company's accounting records. • Badlands maintains a minimum cash balance of $28,000. Total payments in January 20x1 are budgeted at $195,000. • A schedule of cash collections for January and February of 20x1 revealed the following...
I need answers for 5,6,7 only Badlands, Inc, manufactures a household fan that sells for $20 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records. • Badlands maintains a minimum cash balance of $32,000. Total payments in January 20x1are budgeted at $185.000 • A schedule of cash collections for January and February...
Dakota Fan, Inc., manufactures an inexpensive household fan that it sells to retailers for $25 per unit. All sales are on account, with 30 percent of sales collected in the month of sale and 70 percent collected in the following month. The data that follow were extracted from the company's accounting records. Dakota Fan maintains a minimum cash balance of $20,000. Total payments in January 20x1 are budgeted at $220,000. A schedule of cash collections for January and February of...
Problem 9-34 Relationships of the Master-Budget Components (LO 9-3, 9-5, 9-6) Badlands Inc. manufactures a household fan that sells for $20 per unit. All sales are on account, with 40 percent of sales collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the company's accounting records. Badlands maintains a minimum cash balance of $22,000. Total payments in January 20x1 are budgeted at $220,000. • Aschedule of cash collections...
records anuary February 91,800 $144,e0e 70,se0 .The 31, 20x0, balance sheet revealed the following selected figures: cash. $24,000; accounts receivable, $105,000: and finished goods, $24,600 Required: the number of units that Badlands sold in December 20x0 20x1 to be 31, 20x0.
Esquire Products Inc. expects the following monthly sales: January $ 31,000 July $ 25,000 February 22,000 August 29,000 March 15,000 September 32,000 April 17,000 October 37,000 May 11,000 November 45,000 June 9,000 December 27,000 Total sales = $300,000 Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire...
Prepare a production budget for January and February 7. Developing a Master Budget Heartbreaker Inc. manufactures a product with a selling price of $60 per unit. Units and monthly cost data follow: Variable: Selling and administrative............ Direct materials.............. Direct labor.. Variable manufacturing overhead...... Fixed: Selling and administrative....... Manufacturing (including depreciation of $11,000)............ $ 5 per unit sold 12 per unit manufactured 12 per unit manufactured 6 per unit manufactured $17,000 per month 34,000 per month Heartbreaker pays all bills in...