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60 834 556 - Expected un-sales-BE sales erreny - Mary of saf in un. aunt sal phie Mix%. 6257 2015 O eng uc Mix 62 PROBLEM 3 (20 points) Caribbean Tool and Die Company's forecasted sales for April; May, June; and July are $150,000; $225.000 $180,000: and $210,000: respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale, Cost of goods sold is 60% of sales and ending inventory is maintained...
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120 40000 20 190 30 000 50,000 10000 go Po 556 834 MIX 6250 CMC f safety in an Expected un-sales - Bf sales suf. In currency - Marg of saf in un.xunsal price Mix % WACM 300 200 500 un 62,5% 20115 550 Booun 37,5 %*$220.25 331.25 550 PROBLEM 4 (10 pints) 00 The sales budget of Hickory Company for the third quarter of 2018 is as follows: July August September Sales $96,000 $72,000 $108,000 Sales are 20% cash,...
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i need detailed solve! Help
C TV BNIM PROBLEM 3 (20 points) Caribbean Tool and Die Company's forecasted sales for April; May: June; and July are $150,000; $225,000 $180,000; and $210.000; respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 60% of sales and ending inventory is maintained at $85,000 plus 20% of the following month's cost of goods sold. All inventory purchases are paid...
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120 3O000 S0.000 Po 60 556 834 Arpated un-salesBEsales WACM In arrency Margsafin un. Kun Sal. pine 5 Mix 7 625 7 Mix NC 3 5% 2 25 331.25 300 30oun Poo 550 PROBLEM 4 (10 pints) The sales budget of Hickory Company for the third quarter of 2018 is as follows: July $96,000 Sales August $72,000 September $108,000 Sales are 20% cash, 80 % credit. Cost of goods sold is 70% of total sales. Desired ending inventory for each...
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200 180 120 200 T20 40,000 lio 50,000 Po 000 50000 go 556 500 60 834 n. in un. Expected un-sales - Bf sales & sal in un. & un sal price LUM PROBLEM 5 (10 points) The sales budget of Mulls Company for the fourth quarter of 2018 is as follows October $96,000 Sales November $72,000 December $108,000 Cost of goods sold is 70% of total sales. Desired ending inventory for each month is equal to 25% of cost...
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Eyin of safety in un. Expected un-sales - Br sales i saf. In currency Mary of saf in una unsal, prire Ve UMC U Mis Mix WA CM 300 = 200 Bon 625 % - 05 - 1,000 450 = 550 3ooun 37 5 % 206,25 331.25 H800 170 000 330.23 PROBLEM 6 (20 POINTS) Soccer Forever gathered the following information as of May 31, 2018 Price 5,400 May 31 inventory balance $11,000 May payments for inventory 8,300 May payments...
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Cove Enterprises operates a wholesaling business. All inventory sales and purchases are on account. Cove's budgeted monthly sales are as follows: Month May June July Budgeted sales $340,000 $320,000 $310,000 Collections are 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales, and the desired safety stock of inventory is 60% of the next month's cost of goods sold. Cove pays all its accounts payable...
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Beginning cash balance on July 1: $30,000.
Cash receipts from sales: 30% is collected in the month of
sale, 50% in the next month, and 20% in the second month after sale
(uncollectible accounts are negligible and can be ignored). Sales
amounts are: May (actual), $1,032,000; June (actual), $720,000; and
July (budgeted), $840,000.
Payments on merchandise purchases: 60% in the month of purchase
and 40% in the month following purchase. Purchases amounts are:
June (actual), $258,000; and July (budgeted), $600,000....
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Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak hich occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April $ 440,000 308,000 132,000 May S 970,000 679,000 291,000 June $ 420,000 294,000 126,000 July $ 320,000 224,000 96,000 Sales...
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Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May $ 550,000 $750,000 385,000 525,000 165,000 225,000 June $ 450,000 315,000 135,000 July $ 350,000 245,000...
60 834 556 - Expected un-sales-BE sales erreny - Mary of saf in un. aunt sal phie Mix%. 6257 2015 O eng uc Mix 62 PROBLEM 3 (20 points) Caribbean Tool and Die Company's forecasted sales for April; May, June; and July are $150,000; $225.000 $180,000: and $210,000: respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale, Cost of goods sold is 60% of sales and ending inventory is maintained...
120 40000 20 190 30 000 50,000 10000 go Po 556 834 MIX 6250 CMC f safety in an Expected un-sales - Bf sales suf. In currency - Marg of saf in un.xunsal price Mix % WACM 300 200 500 un 62,5% 20115 550 Booun 37,5 %*$220.25 331.25 550 PROBLEM 4 (10 pints) 00 The sales budget of Hickory Company for the third quarter of 2018 is as follows: July August September Sales $96,000 $72,000 $108,000 Sales are 20% cash,...
i need detailed solve! Help
C TV BNIM PROBLEM 3 (20 points) Caribbean Tool and Die Company's forecasted sales for April; May: June; and July are $150,000; $225,000 $180,000; and $210.000; respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 60% of sales and ending inventory is maintained at $85,000 plus 20% of the following month's cost of goods sold. All inventory purchases are paid...
120 3O000 S0.000 Po 60 556 834 Arpated un-salesBEsales WACM In arrency Margsafin un. Kun Sal. pine 5 Mix 7 625 7 Mix NC 3 5% 2 25 331.25 300 30oun Poo 550 PROBLEM 4 (10 pints) The sales budget of Hickory Company for the third quarter of 2018 is as follows: July $96,000 Sales August $72,000 September $108,000 Sales are 20% cash, 80 % credit. Cost of goods sold is 70% of total sales. Desired ending inventory for each...
200 180 120 200 T20 40,000 lio 50,000 Po 000 50000 go 556 500 60 834 n. in un. Expected un-sales - Bf sales & sal in un. & un sal price LUM PROBLEM 5 (10 points) The sales budget of Mulls Company for the fourth quarter of 2018 is as follows October $96,000 Sales November $72,000 December $108,000 Cost of goods sold is 70% of total sales. Desired ending inventory for each month is equal to 25% of cost...
Eyin of safety in un. Expected un-sales - Br sales i saf. In currency Mary of saf in una unsal, prire Ve UMC U Mis Mix WA CM 300 = 200 Bon 625 % - 05 - 1,000 450 = 550 3ooun 37 5 % 206,25 331.25 H800 170 000 330.23 PROBLEM 6 (20 POINTS) Soccer Forever gathered the following information as of May 31, 2018 Price 5,400 May 31 inventory balance $11,000 May payments for inventory 8,300 May payments...
Cove Enterprises operates a wholesaling business. All inventory sales and purchases are on account. Cove's budgeted monthly sales are as follows: Month May June July Budgeted sales $340,000 $320,000 $310,000 Collections are 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales, and the desired safety stock of inventory is 60% of the next month's cost of goods sold. Cove pays all its accounts payable...
Beginning cash balance on July 1: $30,000.
Cash receipts from sales: 30% is collected in the month of
sale, 50% in the next month, and 20% in the second month after sale
(uncollectible accounts are negligible and can be ignored). Sales
amounts are: May (actual), $1,032,000; June (actual), $720,000; and
July (budgeted), $840,000.
Payments on merchandise purchases: 60% in the month of purchase
and 40% in the month following purchase. Purchases amounts are:
June (actual), $258,000; and July (budgeted), $600,000....
Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak hich occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April $ 440,000 308,000 132,000 May S 970,000 679,000 291,000 June $ 420,000 294,000 126,000 July $ 320,000 224,000 96,000 Sales...
Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May $ 550,000 $750,000 385,000 525,000 165,000 225,000 June $ 450,000 315,000 135,000 July $ 350,000 245,000...