15_takehome_ch 9_fall10

15_takehome_ch 9_fall10 - Acc 200P Name:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Acc 200P Name: ___________________________ Lab Section #: _____________________ Lab Instructor’s Name: ______________ Date: ____________________________ TAKE-HOME QUIZ Chapter 9 Reminder - for all problems requiring calculations, you must show your work in the space provided. PROBLEM I : (25 points) Putnam Inc. sells widgets. The price of each widget is $2. Putnam collects 65% of a month’s sales in the month of sale, 30% in the month following sale, and the remaining 5% in the second month following sale. Budgeted sales (in units) for the first three months of 2013 are as follows: January 20,000 units February 15,000 units March 8,000 units How much cash will be collected in the month of March ? Answer: __________________________ PROBLEM II : ( 25 points) Sellars Corp. sells bags of popcorn. The marketing department prepared the following first-quarter sales forecast: January 3,000 bags February 2,800 bags March 3,500 bags There were 240 bags on hand at the beginning of January and the company anticipates selling 2,000 bags in April. There were 240 bags on hand at the beginning of January and the company anticipates selling 2,000 bags in April....
View Full Document

This note was uploaded on 01/11/2011 for the course ACC 200 taught by Professor Buckless during the Winter '08 term at N.C. State.

Page1 / 2

15_takehome_ch 9_fall10 - Acc 200P Name:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online