Managerial Accounting ACC105101 Chpt9_10 Homework

Managerial Accounting ACC105101 Chpt9_10 Homework -...

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Managerial Accounting ACC105101 06/15/2009 Chapter 9+10 Homework Assignment E9-2 July August Sept Quarter Budgeted sales in units. ..................... 30,000 +45,000 +60,000 =135,000 Ending inventory. ............................... +      4,500       +6,000       +5,000           5,000     Total needs. ........................................ 34,500 +51,000 +65,000 =140,000 Less beginning inventory. ..................   -3,000       -4,500       -6,000           3,000     Required production. .......................... 31,500 46,500 59,000 137,000 E9-7 Quarter (000 omitted) 1 2 3 4 Year Cash balance, beginning. .................. $ 9 * $   5 $   5 $   5 $   9 Add collections from customers. ........   76         90       125     *   100       391     * Total cash available. ...........................   85     *     95       130       105       400     Less disbursements: Purchase of inventory. .................... 40 * 58 * 36 32 * 166 Operating expenses. ....................... 36 42 * 54 * 48 180 * Equipment purchases. .................... 10 * 8 * 8 * 10 36 * Dividends. .......................................       2    *         2    *           2    *         2    *         8    Total disbursements. ..........................   88       110     *   100         92       390     Excess (deficiency) of cash available  over disbursements. .......................     (3     )*   (15     )     30     *     13           10     Financing: Borrowings. ..................................... 8 20 * 0 0 28 Repayments (including interest). ....       0            0        (25     )       (7     )*     (32     ) Total financing. ...................................       8          20         (25     )       (7     )         (4     ) Cash balance, ending. ....................... $      5    $          5    $          5    $          6    $          6    P9-17 Schedule of expected cash collections: April May June Total Cash sales. ...................................... $14,000 $17,000 $18,000 $ 49,000 Credit sales. ....................................   48,000       56,000       68,000       172,000     Total collections. .............................. $62,000 $73,000 $86,000 $221,000 2. a. Merchandise purchases budget: April May June Total
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Budgeted cost of goods sold. .......... $42,000 $51,000 $54,000 $147,000 Add desired ending inventory*. ..........   15,300       16,200           9,000               9,000     Total needs. ..................................... 57,300 67,200 63,000 156,000 Less beginning inventory. ................   12,600       15,300       16,200           12,600     Required purchases. ....................... $44,700 $51,900 $46,800 $143,400 * At April 30: $51,000 × 30% = $15,300.   At June 30: $50,000 July sales × 60% × 30% = $9,000.
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This note was uploaded on 02/20/2010 for the course CARD CARD405 taught by Professor Smith during the Spring '10 term at DeVry Addison.

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Managerial Accounting ACC105101 Chpt9_10 Homework -...

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