Grover has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. T...

Question

Question

Answer 1

Answer #1

Budgeted cash receipts in March

= March sales (135,000*60%) + February sales (125,000*40%)

= 81,000 + 50,000

= 131,000

Option B

Units to be produced

= Budgeted sales + Desired ending inventory - Beginning inventory

= 10,000+1400-1300

= 10,100

Option D

Answer 2

Similar Homework Help Questions

Orchard has forecast sales to be $125,000 in February, $144,000 in March $159.000 in April, and...

Orchard has forecast sales to be $125,000 in February, $144,000 in March $159.000 in April, and $141,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 65% in the month of sale, and 35% the month following. What is the budgeted Accounts Receivable balance on May 31? Multiple Choice o ss21so o O sasso o O smaso o О 501, so
Ginobili has forecast sales to be $112,200 in February, $154,500 in March, $160.200 in April, and...

Ginobili has forecast sales to be $112,200 in February, $154,500 in March, $160.200 in April, and $178,500 in May. The average cost of goods sold is 70% of sales. 29% of sales are on made on credit the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts on credit sales in March collected in March?
Ginobili has forecast sales to be $120,800 in February, $155,100 in March, $160,500 in April, and...

Ginobili has forecast sales to be $120,800 in February, $155,100 in March, $160,500 in April, and $177,600 in May. The average cost of goods sold is 70% of sales. 64% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts on credit sales in March collected in March?

Dayton has forecast sales to be $212,000 in February, $276,000 in March, $297,000 in April, and...

Dayton has forecast sales to be $212,000 in February, $276,000 in March, $297,000 in April, and $315,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice O $172,200 $303,750 O $184,950 $252.450
COVID19Co has forecast sales to be $130.000.in February, $144.000 in March, $150.000 in April, and $146,000...

COVID19Co has forecast sales to be $130.000.in February, $144.000 in March, $150.000 in April, and $146,000 in May. The average Cost of goods sold is 80% of sales. All sales are on made onredit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?
ed COVID 19 Co has forecast sales to be $125,000 in February, $139,000 in March, $159,000...

ed COVID 19 Co has forecast sales to be $125,000 in February, $139,000 in March, $159,000 in April, and $142,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 70% in the month of sale, and 30% the month following. What is the budgeted Accounts Receivable balance on April 30? 50 en Select one: a. $84.600 b. $42,600 C. $45,400 d. $47.700

Dayton has forecast sales to be $205,000 in February, $276,000 in March. $295,000 in April, and...

Dayton has forecast sales to be $205,000 in February, $276,000 in March. $295,000 in April, and $319,000 in May. The average cost of goods sold is 60% of sales All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice Ο Ο 5305,350 Ο O S170,050 Ο Ο 5182,000 Ο Ο 5250.300
Ginobili has forecast sales to be $109,600 in February, $158,100 in March, $163,500 in April, and...

Ginobili has forecast sales to be $109,600 in February, $158,100 in March, $163,500 in April, and $176,600 in May. 60% of sales are on made on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month following. What are the total budgeted cash receipts in March?
Ginobili has forecast sales to be $120,800 in February, $155,100 in March, $160,500 in April, and...

Ginobili has forecast sales to be $120,800 in February, $155,100 in March, $160,500 in April, and $177,600 in May. 64% of sales are on made on credit, the rest are for cash. The sales on credit are collected 70% in the month of sale, and 30% the month following. What are the total budgeted cash receipts in March?

Aloan Co. provides the following sales forecast for the next three months: January February March 3,900...

Aloan Co. provides the following sales forecast for the next three months: January February March 3,900 5,100 5,900 Sales units The company wants to end each month with ending finished goods inventory equal to 10% of the next month's sales. Finished goods inventory on December 31 is 390 units. The budgeted production units for February are: Multiple Choice 5,900 units. 5,100 units. 5,690 units. 5,180 units. 5,020 units