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# Ch 9 - Problem#3 Jan Feb March Nov Sales(400,000 15(60,000...

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Ch 9 Wednesday, April 20, 2011 9:55 AM COURSE PACK p 126 \$ % Sales 800,000 100% -CGS 560,000 70% GP 30% Beg A/R 0 + Credit Sales 800,000 Available 800,000 -Collections 750,000 End A/R 50,000 Beg A/R 40,000 +Purchases 580,000 Available 620,000 -Payments 620,0000 End A/R 0 Sales drives Production drives Use drives Purchases Beg Inv 0 + Purchases 580,000 Available Inventory 580,000 -CGS 560,000 End Inv 20,000 Problem #2 FG Beg Inv 10,000 + Production 108,000 Available 118,000 -End Inv 18,000 Goods Sold 100,000 5x's 2 Y's Beg Inv 52,000 14,000 +Purchased 565,000 233,000 Avail 617,000 247,000 -End Inv 77,000 31,000

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Used 540,000 [108,000 x 5] 216,000 [108,000 x 2]
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Unformatted text preview: Problem #3 Jan Feb March Nov Sales (400,000) 15% (60,000) Dec Sales (600,000) 25% (150,000) 15% (90,000) Jan Sales (500,000) 60% (300,000) 25% (125,000) 15% (75,000) Feb Sales (450,000) 60% (270,000) 25% (112,500) March Sales (700,000) 60% (420,000) TOTAL 510,000 485,000 607,500 A/R @ 1/31: (last month's sales -- 600,000 x 15% + this month's sales--- 40% x 500,000) = \$290,000 A/R @ 2/29: (last month's sales -- 500,000 x 15% + this month's sales--- 40% x 450,000) = \$255,000 A/R @ 3/31: (last month's sales -- 450,000 x 15% + this month's sales--- 40% x 700,000) = \$347,500...
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Ch 9 - Problem#3 Jan Feb March Nov Sales(400,000 15(60,000...

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