Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
(a) 3-31-08
1.) Earrings Unlimited Sales Budget For the quarter ended June 30, 2008 Month May 100 000 X $10 $1 000 000
Expected Unit Sales Unit Selling Price Total Sales (b)
April 65 000 X $10 $650 000
June 50 000 X $10 $500 000
Quarter 215 000 X $10 $2 150 000
Schedule of Expected Collections from Sales Month May $40 000 455 000 200 000 $695 000
February ($260 000) March ($400 000) April ($650 000 May ($1 000 000) June ($500 000) Total (c)
April $26 000 280 000 130 000
June
$436 000
$65 000 700 000 100 000 $865 000
Quarter $26 000 320 000 650 000 900 000 100 000 $1 996 000
Earrings Unlimited Merchandise Purchases Budget For the month ended April 30, 2008 Month May June Quarter 100 000 50 000 215 000 20 000 120 000 40 000 80 000 12 000 62 000 20 000 42 000 72 000 287 000 86 000 201 000 $804 000
Budgeted Costs Desired Ending Merchandise Inventory (next month's inventory X 40%) Total Beginning Merchandise Inventory (current month's inventory X 40%) Required Merchandise Inventory for the month Cost of Required Merchandise Inventory for the month (merchandise inventory X $4)
April 65 000 40 000 105 000 26 000 79 000 $316 000
$320 000 $168 000
(d) Schedule of Cash Disbursements for Merchandise Purchases Month March ($200 000) April ($316 000 May ($320 000) June ($168 000) Total 2.) Earrings Unlimited Cash Budget For the quarter ended June 30, 2008 Month May $50 000 $695 000 $695 000 $745 000 $318 000 40 000 200 000 18 000 106 000 7 000 16 000 $705 000 $40 000 $10 000 0 $50 000 April $100 000 158 000 May $158 000 160 000 $318 000 June Total $100 000 316 000 320 000 84 000 $820 000
$258 000
160 000 84 000 $244 000
Beginning Cash Balance Receipts Collections from Customers Total Receipts Total Cash Available Disbursements Purchase of Merchandise Sales Commission Advertising Expense Rent Salaries Expense Expense Utilities Expense Dividends Purchase of Equipment Total Disbursements Excess (deficiency) of available cash Financing Borrowing Repayments Interest Ending Cash Balance
April $74 000 $436 000 $436 000 $510 000 $258 000 26 000 200 000 18 000 106 000 7 000 15 000 $630 000 ($120 000) $170 000 0 $50 000
June $50 000 $865 000 $865 000 $915 000 $244 000 20 000 200 000 18 000 106 000 7 000 40 000 $635 000 $280 000
Quarter $74 000 $1 996 000 $1 996 000 $2 070 000 $820 000 86 000 600 000 54 000 318 000 21 000 15 000 56 000 $1 970 000 $100 000 $180 000 ($180 000) (5 300) $94 700
($180 000) (5 300) $94 700
3.) Earrings Unlimited Budgeted Income Statement For the quarter ended June 30, 2008 Sales Cost of Goods Sold (215 000 X $4) Gross Profit Selling / Administrative Expenses Sales Commission ($26 K + $40 K + $20 K) Advertising Expense ($200 000 X 3) Rent Expense ($18 000 X 3) Salaries Expense ($106 000 X 3) Utilities Expense ($7 000 X 3) Insurance Expense ($3 000 X 3) Depreciation Expense ($14 000 X 3) Total Selling / Administrative Expense Income from Operations Interest Expense Net Income 4.) Earrings Unlimited Budgeted Balance Sheet June 30, 2008 Assets Cash Accounts Receivable ($1 000 000 X 10% + $500 000 X 80%) Inventory (12 000 X $4) Prepaid Insurance ($21 000 $9 000) Property and Equipment (net) ($950 000 + $40 000 + $16 000) Less: Depreciation Total Assets Liabilities and Stockholder's Equity Accounts Payable ($168 000 X 50%) Dividends Payable Capital Stock Retained Earnings ($580 000 + $154 700 - $15 000) Total Liabilities and Stockholder's Equity $2 150 000 860 000 $1 290 000 $86 000 600 000 54 000 318 000 21 000 9 000 42 000 1 130 000 $160 000 5 300 $154 700
$94 700 500 000 48 000 12 000 $1 006 000 42 000 964 000 $1 618 700
$84 000 15 000 800 000 719 700 $1 618 700
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more.
Course Hero has millions of course specific materials providing students with the best way to expand
their education.
Below is a small sample set of documents:
Community College of Allegheny County - ENG - 102
1 Miss Kienzl April 7, 2007 Academic English 12-3 Search for Identity During the times of Victorian England divisions of social classes and society existed. In this period of time, people of dignity and prestige embodied the upper class. Contrastingl
Community College of Allegheny County - ENG - 101
May 6, 2007 Navigating, Period 4 Senior ProjectWhy Censorship is UnnecessaryThesis: In our society, media censorship proves that indecency cannot be clearly defined, does not allow people the freedom to make their own decisions, and significantly
Community College of Allegheny County - BUS - 103
Chapter 2Management Yesterday and TodayObjectivesEvolution of management thought - history of mgt. Early evidences of management practice Scientific management practices for today's managers. Discuss various contributors. Explain how t
Community College of Allegheny County - MAT - 220
Chapter 11.2 Page 595. (i)ex'exFind the derivatives forExample: (A)f ( x)4 x 3e x44f ' ( x) [ 4 x 3e x ]' 44 x 3e x34 x 3e x'Chain _ Rule4(B)4 x 3eex x3x 3(4 3e x )(16 12e x )4 x 3e x3f ( x)f ' ( x)(e
Community College of Allegheny County - MAT - 220
Chapter 12.3 Page 527. Definition:Asymptotes, Hole and L'Hopital's Rule.Given a rational function, f ( x) the solution(s) to q(x) (i) (ii)p ( x) . The domain is the set of all real numbers except q ( x)0.If f(x) has a limit at a solution to
Community College of Allegheny County - ECO - 102
Chapter 2Economic SystemsThe Market System and Circular FlowEconomic systems: a particular set of institutional arrangements and a coordinating mechanism o Determines what goods are produced, how they are produced, who gets them, how to accommod
Community College of Allegheny County - MAT - 220
Chapter 11.3 Page 603 Theorem 1:Product and Quotientf ( x ) g ( x) 'f ' ( x) g ( x)f ( x ) g ' ( x)Example 1.f ' ( x)Find f'(x) for f ( x)2) (2 x 2 )(3x 42 x 2 (3 x 42) 2) (2 x 2 )(12x 3 )(2 x 2 )' (3x 42)' (4 x)(3x 412x 5 8x
Community College of Allegheny County - MAT - 220
Chapter 12.1 Page 647 Definition: If f ' (c)0 , for some number c, then c is a critical value.Example 2. (A)f ' ( x) f ( x) 1 x 3 (1)' ( x 3 )' 3x 2 ; the solution to f ' ( x)0 is the critical point.So solve 3x 20x0.Page 651 Theorem 2.
Community College of Allegheny County - ENG - 102
1 Mr. Scherer English 102-04 31 March 2008 Neglect The definition of a mother is someone who cares for her child and will do anything for her child. In Katherine Anne Porter's "He," Mrs. Whipple fails to follow this definition. Mr. and Mrs. Whipple h
Community College of Allegheny County - ENG - 101
Summary September 4, 2007In the article, "Bring Back Flogging", Jeff Jacoby argues the need to reinstate flogging in modern society. Jacoby believes flogging will essentially correct the justice system and prove as the most effective solution to cr
Community College of Allegheny County - BUS - 103
Chapter 4Managing in a Global EnvironmentManaging in a Global EnvironmentWhat is your global perspective? Contrast ethnocentric, polycentric, and geocentric attitudes towards global business. Understanding the global environment. Describe the
Community College of Allegheny County - BUS - 103
Chapter 7FOUNDATIONS OF PLANNINGObjectives Define planning. Differentiate between formal and informal planning. Explain why managers plan. Describe purpose of planning. Define goals and plans Describe types of goals organizatio
Community College of Allegheny County - ENG - 101
1 English 101 SC07 29 November 2007 The Fight to Protect Our Country The United States of America were founded on the principles of hard work and tenacity to keep going forward in difficult times. Many of the citizens in America follow these princip
Community College of Allegheny County - PHL - 101
Jacques DerridaAndy Kunkel Intro to PhilosophyBackground"Go there, where you cannot go, to the impossible, it is indeed the only way of coming or going".Jacques DerridaOrigin of Birth: El-Bair, Algeria. Birth: July 15, 1930. Death: Octob
Community College of Allegheny County - MAT - 220
Chapter 11.2 Remark: (i)ex'ex(ii)eu ( x)'e u ( x ) u ' ( x)Page 595. Example 1: (A)f ' ( x) f ( x)Find the derivatives for5e x 3x 4 9 x 16 9(5e x )' (3x 4 )' (9 x)' (16)' 5e x 12x 3(B)f ' ( x)f ( x)7xe2e xe2 7 e xe1
Community College of Allegheny County - ENG - 101
October 8, 2007 Descriptive Essay A Summer Day in Pittsburgh Whether you live in here or you are visiting from out of town, there is always something fun to do in Pittsburgh. The steel city provides people with numerous activities and events to enjoy
Community College of Allegheny County - MAT - 220
Chapter 10.7 Page 569 (i) (ii) (iii) Given the cost C(x) , C' ( x) is the marginal cost; Profit = Revenue Cost, P( x) R( x) C( x) ; P' ( x) is the marginal profit;Example 1. A company manufactures fuel tanks for automobiles. The weekly cost (in do
Community College of Allegheny County - BUS - 103
Chapter 9Planning Tools and TechniquesObjectivesTechniques for Assessing the Environment List various approaches to environmental scanning. Explain what competitor intelligence is and ways that managers can do it legally and ethically. Describ
Community College of Allegheny County - BUS - 103
Chapter 8STRATEGIC MANAGEMENTObjectives Distinguish between strategy and strategic management. Explain the importance of strategic management. List the six steps in the strategic management process. Explain SWOT analysis. Describe dif
Community College of Allegheny County - PSY - 101
Bipolar Bipolar is a psychological disorder also known as manic-depressive illness. This illness is a mood disorder. Therefore, people suffering from bipolar exhibit extreme mood swings. Some can start off by feeling miserable and vulnerable to exper
Community College of Allegheny County - MAT - 220
Chapter 11.5 Page 621. Given 3x 2y 2 0 , finddy . dx y' 0 0 6x y' 0 y' 6x dy dx 6x(3x 2 )' ( y)' (2)' (0)'6xThe above process is called implicit differentiation. Page 623. Example 1: Given x 2y2 25 0 , find y' and the slope of the graph at
Johns Hopkins - PUBLIC HEA - 280.345
1. a) n x P(+)= 100 x .05= 5 b)The probability that no women in sample have a mutation of BRCA1 is .005920. c) The probability that atleast one of the 100 women has a mutation of BRCA1 is .994079. d) The probability that 10 or more women in the sampl
Johns Hopkins - PUBLIC HEA - 280.345
hBiostatistics Problem Set #11. (A) Dam completed a cohort study because he identified groups of interest and then followed members of that group for a long period of time without implementing any type of treatment. (B) The study only recruited p
Johns Hopkins - ENGLISH - 060.113
Works Cited"About the Goals." Millennium Campaign: Voices Agaisnt Poverty. United Nations. 8 May 2006 <http:/www.milleniumcampaign.org/site/pp/asp?c-grkvl2nle&b=185455>. Benjamin, Medea. "On Eve of World Summit, Hurricane Bolton Threatens to Wreak
Johns Hopkins - ENGLISH - 060.113
The Millennium Development Goals A Common CauseMay 18, 2006Millennium Development Goals A Common CauseImagine if the world could agree on one document. Imagine if the world could come together to meet common goals. The Millennium Declaration is
Johns Hopkins - ENGLISH - 060.107
President BushPresident Bush was an odd man in stature. His shortness coupled with his large pointy ears made him look like an elf. Being dwarfed by his twelve body guards did not help. He looked meek and feeble compared to their dominating, tall,
Johns Hopkins - ECONOMICS - 180.225
FINAL PAPER: SUMMARY AND REVIEW OF "THE EFFECTS OF RAPID POPULATION GROWTH ON LABOR SUPPLY AND EMPLOYMENT IN DEVELOPING COUNTRIES" Bloom's goal in "The Effects of Rapid Population Growth on Labor Supply and Employment in Developing Countries" is to d
Johns Hopkins - ENVIRONMEN - 570.423
Chapter 5 Questions 5-2. If the LD50 of ingestion is appreciably lower than the LD50 by inhalation than that means that the substance is more toxic by ingestion than by inhalation. This could be that the gas form is not readily soluble meaning transf
Johns Hopkins - ENGLISH - 060.113
Slippery Slope September 11th ushered in a new era of politics, and expansion of powers of the executive branch. Politicians, anticipating that their constituents would want immediate action on the issue of counterterrorism passed the Uniting And Str
Johns Hopkins - ENGLISH - 060.113
AMERICAN CLASS IN THE 1940'SThe 1940's were a time of togetherness; Americans were united in WWII against the Axis powers. America was a cohesive middle class country. Or so Margaret Mead would have you believe in And Keep Your Powder Dry: An Anthr
Johns Hopkins - ENGLISH - 060.113
The American Dream of Material Wealth America is a society increasingly consumed with materialistic values. Today money is a prominent part of the American life. Americans are constantly wondering how much they have, how much they are going to make,
Johns Hopkins - ECONOMICS - 180.225
180.225-Why Should We Worry About Ageing Assignment II 1) Defining youth dependency as the share of populations aged 1-18 over the share of population aged between 18-64 may not be as relevant or correct for certain countries than others. For example
Johns Hopkins - ENVIRONMEN - 570.239
1. a) The health effects associated with coal include shortness of breath, chest tightness, premature deaths, wheezing, painful breathing, decrease lung function (meaning your lungs won't be able to move as much air in and out), tumor of the lung, an
Johns Hopkins - ENVIRONMEN - 570.423
Reading-> I read Chapter 15. Chapter 15 Questions 15.8 a) Resistivity- The resistivity method measures the electric potential between two electrodes driven into the ground. The data is used to figure out groundwater flow potential, as well as subsurf
Johns Hopkins - ENVIRONMEN - 570.303
Toxicologic Aspects of Environmental Exposure 1. Define xenobiotic. means foreign and potentially toxic compound 2. What does the phrase the dose makes the poison mean? it means anything in a large enough dose can become a poison 3. What is the diffe
Mt. Aloysius - SC - 404
SC404.01 January 22, 2008 Page 132 Review Questions Chapter 52. What is a photon? In what way is a photon like a particle? In what ways is it like a wave? A photon is a piece of light with a precise wavelength, frequency, and energy. A photon is li
Mt. Aloysius - SC - 404
SC404.01 February 12, 2008 Review Questions Chapter 10 1. Briefly describe how gravitational contraction generates energy. When was it important in the Sun's history? Explain. Gravitational contraction is the process in which gravity causes an object
Mt. Aloysius - SC - 404
SC404.01 February 5, 2008 Page 222 Review Questions Chapter 7 4. Why does the Earth have a global magnetic field? What is the magnetosphere? Earth has a global magnetic field because of interior heat and is generated by the magnetic field arising as
Mt. Aloysius - SC - 404
SC404.01 January 22, 2008 Page 75 Review Questions Chapters 3 2. Why did ancient people study astronomy? Describe an astronomical achievement of at least three ancient cultures. The ancient people studied astronomy in part, to satisfy their curiosity
Mt. Aloysius - SC - 404
SC404.01 February 5, 2008 Page 249 Review Questions Chapter 8 5. Briefly describe Jupiter's cloud layers. How do the cloud layers help explain Jupiter's colors? Why are Saturn's colors more subdued? Why are Uranus and Neptune blue? Jupiter's cloud la
Troy - JRN - 1100
2nd Exam Study Guide POL2260 World Politics Be familiar with the following terms and concepts-know the definition and be able to recognize examples: q paradigm q theory q core objectives q hard power q soft power q multilateral action q unilateral a
