AFM102March162011

AFM102March162011 - Click to edit Master subtitle style...

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Unformatted text preview: Click to edit Master subtitle style 5/11/11 Introduction to Management Accounting March 16, 2011 Cash Flow Budgets 11 5/11/11 Quiz 2 Information • Summary of answers indicated some reasonable interpretation alternatives • Summary of grades – Quiz 1 Historical 78% This class 81% – Quiz 2 Historical 65% This class about 62% – Quiz 3 Historical 75% This class ??? 22 5/11/11 Key Concepts in Today’s Class • Cash flow budgets 33 5/11/11 10-60 • Worthington Company makes cash (20% of total sales), credit card (50% of total sales), and account (30% of total sales) sales. Credit card sales are collected in the 44 Worthington Company Projected Sales MONTH SALES MONTH SALES January $12,369,348 July $21,747,839 February 15,936,293 August 14,908,534 March 13,294,309 September 11,984,398 April 19,373,689 October 18,894,535 May 20,957,566 November 21,983,545 June 18,874,717 December 20,408,367 • Prepare a statement showing the cash expected each month from the collections from these sales. 5/11/11 55 5/11/11 10-62 • Nathaniel’s Motor Shop does major repair work on automobile engines....
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AFM102March162011 - Click to edit Master subtitle style...

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