Homework Answers
| Particulars | Jan | Feb | Mar | Apr | May | Jun | Jul |
| Sales | $ 240,000 | $ 180,000 | $ 100,000 | $ 100,000 | $ 120,000 | $ 160,000 | $ 200,000 |
| × 40% | |||||||
| Cost of goods sold | $ 96,000 | $ 72,000 | $ 40,000 | $ 40,000 | $ 48,000 | $ 64,000 | $ 80,000 |
| Add:
ending inventory [25% of next month cost of goods sold] |
$ 18,000 | $ 10,000 | $ 10,000 | $ 12,000 | $ 16,000 | $ 20,000 | $ - |
| $ 114,000 | $ 82,000 | $ 50,000 | $ 52,000 | $ 64,000 | $ 84,000 | $ 80,000 | |
| Less: beginning inventory | $ - | $ (18,000) | $ (10,000) | $ (10,000) | $ (12,000) | $ (16,000) | |
| Purchases for the month | $ 114,000 | $ 64,000 | $ 40,000 | $ 42,000 | $ 52,000 | $ 68,000 |
Please rate the answer.
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DE LUI. W20 ALO2021. Ans 2 - Budgets.pdf - Managex 898?module_item_id=9511105 Page < 2 Question 3:...
MUST SHOW ALL CELL FORMULAS Required: You need to prepare a comprehensive 12-month budget, including supporting...
MUST SHOW ALL CELL FORMULAS
Required: You need to prepare a comprehensive
12-month budget, including supporting schedules and a report for
the period January 1, 2020 to December 31, 2020 for Hedron,
Inc.
INFORMATION FOR HEDRON, INC.
Hedron, Inc. is a company that re-sells one product, a
particularly comfortable lawn chair. An overseas contractor makes
the product exclusively for Hedron, so Hedron has no manufacturing
related costs.
PRODUCT COSTS
In Nov of 2019, each lawn chair costs
Hedron $4 per...
Week 5 Homework Assignment-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri - 11...
Week 5 Homework Assignment-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri - 11 A A Wrap Text Auto Fil- General Paste BIU - A Merge & Center E Conditional Format as Cell Formatting Insert Delete Formar Clear- Table Styles Clipboard Font Alignment Number Styles Cells K11 A D F G H J 1 Comprehensive Budgeting Problem 20 points Silverman Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain...
Needing help with this! I have been working on this question for over 2 hours! If anyone could pl...
Needing help with this! I have been working on this question for
over 2 hours! If anyone could please help me out as it is due
tomorrow morning at 8am! if you do ill be forever in debt!.
Homework: Chapter 9 Homework Score: 0.12 of 1 pt & P9-57A (similar to) Save 2 of 4 (3 complete) HW Score: 39.12%, 1.56 of 4 pts Question Help Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to unde...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to understand and apply the basic concepts of profit planning. Use the to complete the assignment and submit the completed Excel file on Blackboard. a comprehensive 6-month budget, including supporting schedules, for the period January 1, 2018 to June 30, 2018 for Henron, Inc. (a fictional company). The budgets must be prepared on Excel using the templates I have prepared Part of this project is demonstrating...
how do i do requiremnet 2-4? requirment 3 is not my calculations, they sre used with...
how do i do requiremnet 2-4? requirment 3 is not my
calculations, they sre used with incorrect information.i need help
with correcting 2-4. the requirment list shows what exact
calculations are needed.
Score: 0.14 of 1 pt 5 of 5 (4 complete) HW Score: 62.73%, 3.14 of 5 pts P22-43A (book/static) Question Help Baxter Company's budget committee provides the following information: (Click the icon to view the information.) Read the requirements Two Months Ended February 28, 2018 January February Current...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
Scenario: Styles Wing Bicycle Company manufactures and sells 2 sizes of bicycles, 21.5 inch and 22.5...
Scenario: Styles Wing Bicycle Company manufactures and sells 2 sizes of bicycles, 21.5 inch and 22.5 inch. Sales Their sales team has committed to the following projected monthly unit sales for the next year. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 21.5 Bike 368 472 633 616 443 345 322 317 317 317 328 22.5 Bike 320 410 550 535 385 300 280 275 275 275 285 Dec 420 365 The selling price for the 21.5...
YOUR COMPANY Income Statement For the year ended January 31, 2019 Sales revenue (net) 55,432 Cost...
YOUR COMPANY
Income Statement
For the year ended January 31, 2019
Sales revenue (net)
55,432
Cost of goods sold
-9,778
Gross profit
45,704
Operating expenses:
Selling expenses
2,598
General & administrative expenses
25,869
Depreciation expense
8,548
Total operating expenses
38,015
Operating Income
9,089
Other items:
Interest expense
-3,253
Loss on sale of equipment
625
3,878
Net Income
4,811
YOUR COMPANY
Statement of Cash Flows
For the year ended January 31st, 2019
Cash Flows from Operating Activities
Net Income
Adjustments for...
Tichina Scales S E AutoSave A 8 - = scales_Miller-Nobles_6e-12e-Using Excel_Ch22_Start - Protected View - Excel...
Tichina Scales S E AutoSave A 8 - = scales_Miller-Nobles_6e-12e-Using Excel_Ch22_Start - Protected View - Excel The Home Insert Draw P age Layout Formulas Data Review View Help Search PROTECTED VIEW Be careful tiles from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Enable Iditing A1 X ✓ MASTER BUDGETS F A B C D E T J K L M N O P R S T 9 Requirements Possible Points...
1. Develop a monthly cash budget for Bluffton Pharmacy for the upcoming year. 2. If you...
1. Develop a monthly cash budget for Bluffton Pharmacy for the
upcoming year.
2. If you were Bluffton Pharmacy's banker, would you be
comfortable extending a line of credit to the pharmacy?
dors grant "net 30" ays for the goods month. Crawford the upcoming year November and The interest rate e repaid the follow- Case 7 Bluffton Pharmacy, Part 2 of goods sold is 77.4 percent, and vendors grant How should the owners of a small credit terms, which means...
MUST SHOW ALL CELL FORMULAS
Required: You need to prepare a comprehensive
12-month budget, including supporting schedules and a report for
the period January 1, 2020 to December 31, 2020 for Hedron,
Inc.
INFORMATION FOR HEDRON, INC.
Hedron, Inc. is a company that re-sells one product, a
particularly comfortable lawn chair. An overseas contractor makes
the product exclusively for Hedron, so Hedron has no manufacturing
related costs.
PRODUCT COSTS
In Nov of 2019, each lawn chair costs
Hedron $4 per...
Week 5 Homework Assignment-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri - 11 A A Wrap Text Auto Fil- General Paste BIU - A Merge & Center E Conditional Format as Cell Formatting Insert Delete Formar Clear- Table Styles Clipboard Font Alignment Number Styles Cells K11 A D F G H J 1 Comprehensive Budgeting Problem 20 points Silverman Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain...
Needing help with this! I have been working on this question for
over 2 hours! If anyone could please help me out as it is due
tomorrow morning at 8am! if you do ill be forever in debt!.
Homework: Chapter 9 Homework Score: 0.12 of 1 pt & P9-57A (similar to) Save 2 of 4 (3 complete) HW Score: 39.12%, 1.56 of 4 pts Question Help Dalton Manufacturing is preparing its master budget for the first quarter of the upcoming...
Comprehensive Problem #2 Budget Project Accounting 2302 The Excel file of this project is to understand and apply the basic concepts of profit planning. Use the to complete the assignment and submit the completed Excel file on Blackboard. a comprehensive 6-month budget, including supporting schedules, for the period January 1, 2018 to June 30, 2018 for Henron, Inc. (a fictional company). The budgets must be prepared on Excel using the templates I have prepared Part of this project is demonstrating...
how do i do requiremnet 2-4? requirment 3 is not my
calculations, they sre used with incorrect information.i need help
with correcting 2-4. the requirment list shows what exact
calculations are needed.
Score: 0.14 of 1 pt 5 of 5 (4 complete) HW Score: 62.73%, 3.14 of 5 pts P22-43A (book/static) Question Help Baxter Company's budget committee provides the following information: (Click the icon to view the information.) Read the requirements Two Months Ended February 28, 2018 January February Current...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
Scenario: Styles Wing Bicycle Company manufactures and sells 2 sizes of bicycles, 21.5 inch and 22.5 inch. Sales Their sales team has committed to the following projected monthly unit sales for the next year. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 21.5 Bike 368 472 633 616 443 345 322 317 317 317 328 22.5 Bike 320 410 550 535 385 300 280 275 275 275 285 Dec 420 365 The selling price for the 21.5...
YOUR COMPANY
Income Statement
For the year ended January 31, 2019
Sales revenue (net)
55,432
Cost of goods sold
-9,778
Gross profit
45,704
Operating expenses:
Selling expenses
2,598
General & administrative expenses
25,869
Depreciation expense
8,548
Total operating expenses
38,015
Operating Income
9,089
Other items:
Interest expense
-3,253
Loss on sale of equipment
625
3,878
Net Income
4,811
YOUR COMPANY
Statement of Cash Flows
For the year ended January 31st, 2019
Cash Flows from Operating Activities
Net Income
Adjustments for...
Tichina Scales S E AutoSave A 8 - = scales_Miller-Nobles_6e-12e-Using Excel_Ch22_Start - Protected View - Excel The Home Insert Draw P age Layout Formulas Data Review View Help Search PROTECTED VIEW Be careful tiles from the Internet can contain viruses. Unless you need to edit, it's safe to stay in Protected View Enable Iditing A1 X ✓ MASTER BUDGETS F A B C D E T J K L M N O P R S T 9 Requirements Possible Points...
1. Develop a monthly cash budget for Bluffton Pharmacy for the
upcoming year.
2. If you were Bluffton Pharmacy's banker, would you be
comfortable extending a line of credit to the pharmacy?
dors grant "net 30" ays for the goods month. Crawford the upcoming year November and The interest rate e repaid the follow- Case 7 Bluffton Pharmacy, Part 2 of goods sold is 77.4 percent, and vendors grant How should the owners of a small credit terms, which means...
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