prepare rulers sales budget for april and may 2014. round all
amounts to nearest $1.
ans 1 | ||||
Sales Budget | ||||
April | May | June | ||
Budgeted sales B | $60,000 | $61,200 | 62400 | |
(60000*102%) | (60000*104%) | |||
ans 2 | ||||
Inventory and Purchase Budegt | ||||
April | May | |||
Cost of good sold B*50% | $30,000 | $30,600 | $31,200 | |
Add: ending Inventory | $17,650 | $17,800 | ||
10000+(25%*30600) | 10000+(25%*31200) | |||
Less: Beginning Inventory | $17,500 | $17,650 | ||
Purchases | $30,150 | $30,750 | ||
Cost of good sold | ||||
April | May | |||
Budgeted sales | $60,000 | $61,200 | ||
% of Budgeted sales | 50% | 50% | ||
Cost of good sold | $30,000 | $30,600 | ||
ans 3 | ||||
Selling & Administrative expense Budget | ||||
April | May | |||
Salaries expenses | $7,000 | $7,000 | ||
Sales commission (5%*B) | $3,000 | $3,060 | ||
Budgeted Selling & Administrative expense | $10,000 | $10,060 | ||
Dear student the budgets required are made above |
prepare rulers sales budget for april and may 2014. round all amounts to nearest $1. Question...
HW chapter 22 Question 1 Ruler's March 31, 2014, balance sheet follows: Ruler Office Supply Balance Sheet March 31, 2014 Assets Current Assets Cash 32.000 Accounts Receivable 20,000 Merchandise Inventory 17.500 Prepaid Insurance 1.700 Total Current Assets 71.200 Property. Plant, and Equipment Equipment and Fixtures 55.000 Less: Accumulated Depreciation (26,000) 29,000 Total Assets $ 100.200 Liabilities Current Liabilities: Accounts Payable $ 10,000 Salaries and Commissions Payable 3,600 Total Liabilities $ 13.600 Stockholders' Equity Common Stock 13.000 Retained Eamings 73,600 Total...
HW chapter 22 Question 1 Ruler's March 31, 2014, balance sheet follows: Ruler Office Supply Balance Sheet March 31, 2014 Assets Current Assets Cash Accounts Receivable 20.000 Merchandise Inventory 17.500 Prepaid Insurance 1.700 Total Current Assets 71,200 Property. Plant, and Equipment Equipment and Futures 55.000 Less: Accumulated Depreciation (26,000) 29 000 Total Assets $ 100.200 Liabilities Current Liabilities: Accounts Payable $ 10.000 Salaries and Commissions Payable 3,600 Total Liabilities $ 13,600 Stockholders' Equity Common Stock 13,000 Retained Earmings 73.600 Total...
please show how to calculate the answer, i am confused
all amounts to the nearest dollar. r Office i Requirements - X Fales Bu and Ma Prepare Ruler's sales budget for April and May 2018. Round all calculations to the nearest dollar. 1. Prepare Ruler's inventory, purchases, and cost of goods sold budget for April and May. 2. er's inve Prepare Ruler's selling and administrative expense budget for April and May. 3. tory, Pu Done Print - X Data Table...
The budget committee of printer office supply has assembled the
following data:
Question 2: The budget committee of Printer Office Supply has assembled the following data: Printer Office Supply Balance Sheet March 31, 2014 Liabilities Current Assets Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable S 34,000 15,000 19,500 1,400 16.250 4,725 Salaries and Commissions Payable Total Liabilities $ 20,975 $ 69,900 Stockholders' Equity Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Common Stock 17,000...
a. jo Sales in April are expected to be $180,000. Vinning forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales. Vinning maintains inventory of $13,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. Monthly salaries amount to $8,000. Sales commissions equal 5% of sales for that...
Clipboard Office Supply's March 31, 2018, balance sheet follows: mm Click the loon to view the balance sheet) The budget committee of Cipboard Office Supply has assembled the following data Click the icon to view the data) Read the requirements Requirement 1. Prepare Clipboard's sales budget for April and May 2018. Round all amounts to the nearest dolar Clipboard Office Supply Sales Budget April and May, 2018 1 April May Tow budgeted as Requirement 2. Prepare Clourd's inventory, purchases, and...
ster- Score: 0 of 10 pts 1 of 1 (0 complet i Data Table The L Read Fountain Office Supply Balance Sheet March 31, 2018 Assets o the ne 24,000 Current Assets: Cash Accounts Receivable Merchandise Inventory mpus earn 15,000 29,000 1,500 Prepaid Insurance Total Current Assets $ 69,500 Property, Plant, and Equipment: Equipment and Fixtures 61,000 (15,000) Less: Accumulated Depreciation 46,000 115.500 Print Print Done Pem Clear All 2 remaining ster- Score: 0 of 10 pts 1 of 1...
Prepare the cash budget for the months of april may and june
The following actual and budgeted sales relate to AgriTech Company, a distributor of agricultural products located somewhere in the Midwest. March (actual).... April May. June.. July............................. $50,000 60,000 72,000 90,000 48,000 The company's top executives intend to have 25% of sales as gross margin. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The company's inventory manager informs that...
The requirements are to correctly budget the following (this is
all the directions and information given). THIS IS ALL THE
INFORMATION I WAS GIVEN.
Perky Turkey Jerky, LLC Balance Sheet March 31, 2018 Assets 22,000.00 9,000.00 2,750.00 14,300.00 Current Assets Cash Accounts Receivable Raw Materials Inventory Finished Goods Inventory Total Current Assets Plant and Equipment Equipment Accumulated Depreciation Plant and Equipment, Net Total Assets 48,050.00 960,000.00 (63,000.00) 897,000.00 945,050.00 7,500.00 100,000.00 Liabilities and Stockholders' Equity Liabilities Accounts Payable Bonds Payable...
Return to question 3 QS 20-11 Selling expense budget LO P1 X-Tel budgets sales of $65,000 for April, $135,000 for May, and $50,000 for June. 6 points In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $6,500 per month. Sales commissions and salaries are paid in the month incurred. Prepare a selling expense budget for April, May, and June. Answer is complete but not entirely correct. X-TEL Selling Expense Budget...