acc 640 - Homework #4

acc 640 - Homework #4 - ACC T 640 HOMEW ORK #4 #7- 27:...

Info iconThis preview shows pages 1–4. 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

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 T 640 HOMEW ORK #4 #7- 27: Venture capital funding that Black and Anna should seek to cover all its cash needs is = 380, 000. 00 Equipment Q1 2008 420, 000. 00 Salaries and other operating expenses in 2008 60,0 00.0 0 Cash to cover short in salaries and other operating expenses in 2009 860, 000. 00 #7- 28: 1. Budgeted cost of goods sold for the month of June 20X8 = 2,100,000/ (1+25%) = 1,6 80,0 00.0 0 2. Budgeted merchandise purchases for July 20X8: Budgeted cost of goods sold 1,760,0 00.00 Beginning Inventory 528,000 .00 Ending Inventory 566,400 .00 Budgeted purchases 1,798,4 00.00 #7- 32: Total cash budgeted to be collected in March = Cash collected in March 220,500 .00 Within the first 10 days 44,550. 00 Cash collected in February sales 100,000 .00 Cash collected in January sales 43,200. 00 Total cash budgeted to be collected in March = 408,250 .00 #8- 31: Quantity variances for direct materials = 3*(16,500 - 17,500) = 3,00 0.00 F Quantity variances for direct labor = 6*(48,000-46000)=...
View Full Document

Page1 / 6

acc 640 - Homework #4 - ACC T 640 HOMEW ORK #4 #7- 27:...

This preview shows document pages 1 - 4. Sign up to view the full document.

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