Can someone tell me the process of questions 5,6,7? How can I get those number?
Can someone tell me the process of questions 5,6,7? How can I get those number? The...
Can anyone help me with the ones that are wrong? Also explain how you get the answers nment 6 Help Save 8 c Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid...
Hello, these are 3 questions I need help with, if you can show me how to get the answer as well. thank you for your time. 2 Green Thumb Gardening is a small gardening service that uses activity-based costing to estimate costs for pricing and other purposes. The proprietor of the company believes that costs are driven primarily by the size of customer lawns, the size of customer garden beds, the distance to travel to customers, and the...
can you please answer this and show me how you arrived at the answer. thanks Check my work You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash. Since you are well trained in budgeting,...
this question was previously answered wrong. can you please help me find the correct answer. can you please give explanations as to how you arrived at the numbers. thanks so much. You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at certain times of the year...
can you please tell me how you arrive at the beginning cash balance for November and december. 21,400 and 112,800. thanks for you help. Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: • Sales are budgeted at $300,000 for November, $320,000 for December, and $310,000 for January • Collections are expected to be 75% in the month of sale and 25% in the month following the sale. • The cost...
Please help me check my answers to this accounting question. The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budgeted at $299,000 for May. Of these sales, $89,700 will be for cash; the remainder will be credit sales. One-half of a month’s credit sales are collected in the month the sales are made, and the remainder is collected in the following month. All of the April 30...
Can you help me in part 2 Please. Oxford, Inc., is preparing its master budget for the quarter ended June 30. It sells a single product for $40 each. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. At March 31, the balance in accounts receivable is $12,000, which represents the uncollected balance on March sales, Budgeted sales for the next four months follow: Aon May June July Sales in...
************I AM LOOKING FOR AN EXCEL VERSION + PHOTOS OF THE FORMULAS SHOWN IN THE EXCEL PLEASE. ************** Check figures: cash collections at end of quarter = $814,800 Deficiency in cash at the end of the quarter = $(99,206) I am unsure if my excel spread is correct but it is what I have so far.. PLEASE SHOW YOUR EXCEL + THE FORMULAS SHOWN IN EXCEL (ex: =B13-A12 or =SUM(B17:B37) ETC.) Kline Sisters Company operates a gift shop where peak...
I need help finding different risk ratios. Can someone please show me how to get the following in detail? What is Exxon's... 1. receivables turnover ratio? 2. average collection period? 3. inventory turnover ratio? 4. average days in inventory? 5. current ratio? 6. acid-test ratio? 7. debt to equity ratio? 8. times interest earned ratio? Thank you! CONSOLIDATED BALANCE SHEET Note Reference Number Dec. 31 Dec. 31 2018 (millions of dollars) 2017 3,042 24,701 3,177 25,597 Assets Current assets Cash...
Can someone please tell me what chapters (1-5) these questions are based on? I have already answered the questions and understand how to solve the material, but i want to be able to pinpoint where i can find this info. in the book. I am using Brigham’s Fundamentals of Financial Management (pictures attached). If it is hard to read, please let me know. i will post better pictures. i know the time vale of money stuff already EDIT: HERE IS...