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ACC_quiz5_ homework3

# ACC_quiz5_ homework3 - started the year with 1,200 units in...

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Quiz 5 Question 1 Which budget should be prepared first? sales budget = pg. 922 in book???????????????????????????????????????????????? purchases budget ????? cash budget budgeted balance sheet Question 2 When preparing a purchases budget, estimates are used for all of the following except ending inventory sales future price of purchases all of the above are estimated??????????????????????? Question 3 The sales budget in units for Davis Corporation is as follows: 5,000 units for quarter 1, 7,000 units for quarter 2, 8,000 units for quarter 3, 10,000 units for quarter. The company

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Unformatted text preview: started the year with 1,200 units in inventory. Management desires an ending inventory each quarter equal to 20% of the next quarter’s sales. How many units should be purchased in the third quarter? Input your answer below using numeric characters without a dollar sign, comma or decimal point. ____10400 units ??-WRONG____DON= 8400 Question 4 Which of the following budgets must be completed after the cash budget has been prepared? Sales budget Purchases budget Budgeted balance sheet – pg. 928- final step??????? ===========...
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