Excel Template 7

Excel Template 7 - Student Name Class Problem 07-16A...

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Student Name: Class: Problem 07-16A McCARTY POINTERS CORPORATION a. Sales Budget January February March Total Sales on Account b. Sales revenue for Quarter c. and d. McCARTY POINTERS CORPORATION Schedule of Cash Receipts January February March April May Receipts from January Sales Receipts from January Sales Receipts from January Sales Receipts from February Sales Receipts from February Sales Receipts from February Sales Receipts from March Sales Receipts from March Sales Receipts from March Sales Total Accounts receivable March 31
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Given Data P07-16A: McCARTY POINTERS CORPORATION Expected sales in January $200,000 Growth rates for February and March 10% Accounts receivable collected: Month of sale 70% Month following sale 20% Second month following sale 10%
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Student Name: Class: Problem 07-21A HAMMOND FRUITS CORPORATION a. Sales Budget Sales in Next Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Peaches Oranges Total b. HAMMOND FRUITS CORPORATION Budgeted Annual Income Statement Sales Revenue Cost of Goods Sold Gross Profit Selling and Admin. Expenses Net Income c. HAMMOND FRUITS CORPORATION Inventory Purchases Budget Peaches 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Sales Cost of Goods Sold Plus: Desired Ending Inventory Inventory Needed Less: Beginning Inventory Required Purchases Oranges
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