Chapter 9 Homework1

Chapter 9 Homework1 - Chapter 9 Problem 16 Crydon, Inc....

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Chapter 9 Problem 16 Crydon, Inc. Sales Budget For the 3rd Quarter Month July August September Budgeted sales in pairs 6,000 7,000 5,000 Selling price per pair $50.00 $50.00 $50.00 Total Sales $300,000.00 $350,000.00 $250,000.00 Percentage of sales collected in the period of the sale 40% Percentage of sales collected in the month following sale 50% Percentage of sales uncollectible 10% Schedule of Expected Cash Collections Accounts receivable, beginning balance $130,000.00 July Sales $120,000.00 $150,000.00 August Sales $140,000.00 $175,000.00 September Sales - - $100,000.00 Total Cash Collections $250,000.00 $290,000.00 $275,000.00
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Quarter 18,000 $50.00 $900,000.00 $130,000.00 $270,000.00 $315,000.00 $100,000.00 $815,000.00
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Production Budget July - October Month July August September October Budgeted sales (Sales Budget) 6,000 7,000 5,000 4,000 Add desired ending inventory 700 500 400 300 Total needs 6,700 7,500 5,400 4,300 Less beginning inventory 600 700 500 400 Required production 6,100 6,800 4,900 3,900
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Chapter 9 Homework1 - Chapter 9 Problem 16 Crydon, Inc....

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