Business Administration 120
Dr. Jeffery Stevens
Due July 23, 2016
Small businesses are created by an idea that an entrepreneur decides to put into a plan.
Brainstorming is needed for the potential owner to be able to fully w
BADM 201 Final
1. What is a requirements contract? Test 2 #28
An agreement to sell the entire production of a particular plant is a
requirements contract. FALSE
2. If a contract is signed without payment installment contract, what does
code say payments
Academic integrity is fundamental to the process of learning and
evaluating academic performance. Academic dishonesty will not
be tolerated. Academic dishonesty includes, but is not limited to,
the following: cheating, plagiar
Central Dogma Worksheet Summer 2015
(due beginning of class, Thursday, June 9)
1. (a) For the short segment of a gene sequence shown below, enter the mRNA
sequence expected if the top template strand (bold) was transcribed. Then, enter
the amino ac
Delgado Community College
BIOL 211, FA16
Test 2: Chapters 8, 14 & 15
Part II: 3 Case studies
Each question worth 1 point.
A 3 year-old (yo) boy is brought to his pediatrician with a fever,
tachypnea, and a cough productive of rusty sputum. He has
MGT 3200 TEST BANK
1. All of the flowing are true concerning managerial skills except?
a. Human skills are the most difficult to develop
2. Which of the following is NOT true concerning corporate downsizing?
a. Downsizing is primarily effectiveness orient
Qui sont les peuples d'Asie?
Les peuples indignes, en Asie comme dans le reste du monde, constituent
gnralement des minorits en marge des populations dominantes. lis parlent leur
propre langue et sont pour la plupart autosuffisants. Leur conomie est troit
Oscar Films, LLC
Cost and Price Analysis
October 24, 2016
The process of formation and implantation is a difficult task, not its complexity, but its
diligence of the process to formalize the company. When deciding to cre
BLAW Test 2
Law of contracts
- It is impossible to overestimate the importance of contracts in the field of business.
o Every business, large or small, must enter into contracts with its employees, its suppliers
and its customers to conduct its business o
1 5 . Award: 0 out of 10.00 points
15. What total incremental cost will Martinez incur if it increases production from 12,200 to 12,201 units?
(Round your answer to 2 decimal places.)
Incremental cost per unit produced
15. What total incremental
Problem 5 Gonzales, lnc. has the folloWing data:
Accounts receivable, May 31 $40,000
Forecasted sales in units
May sales 450
June sales 400
July sales 500
August sales 560
Each unit will sell for $20 during May, and then increase 10% per month thereafter.
February 80, 000
March 70, 000
April 120, 000
May 11 0,000
Prepare the cash receipts budget for March and April.
Janua sales $100, 000*15% $15, 00'
Februa sales $80 000*60% -—
March sales ($70, ooo*2o%) 14 00
($70 000*60%) — 42 00
Cost per pound $0.80
Estimated cost of purchases for September $40,240
Problem 12 Flyer, Inc. produces rulers from plastic resin. On March 1, there are 5,000 completed rulers and 5,200 pounds of
resin on hand. Fl er has estimated reduction and sales of ru
Cash paid for merchandise purchases:
August purchases: $70,000 x 30% = $21,000
July purchases: $65,000 x 70% = 45,500
Cash paid for operating expenses ($20,000 - $2,000) 18,000
Cash paid for loan ($3,000 - $400) 2,600
Cash paid for interest 400
How much should be reported as accounts payable on Burchfield’s budgeted balance sheet at the end of May?
Only amount owed is 70% of amounts from May: 70%*$42,000 = $29,400
Problem 20 -The following information is taken from the production budget for the
Expenses are paid in the month incurred. If the company has budgeted to sell 20,000 pens in October, how much is the total
budgeted variable selling and administrative expenses for October?
Variable cost per unit: $0.80 + $1.20 + $0.30 + $0.35 = $2.65
Budgeted production of lampoons for the next five months is as follows: August 14,000 units, September 14,500 units, October
15,500 units, November 12,600 units, December 11,900 units The company wants to maintain monthly ending inventories of cotton
A. How much cash will Salem receive during November?
From November sales: $320,000 x 60% = $192,000
From October sales: $300,000 x 40% = $120,000
Total = $192,000 + $120,000 = $312,000
B How much is the November 30, 2004 budgeted Accounts Receivable?
The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted production
needs. The cost of plastic is $1.40 per pound. In good form, prepare a direct materials purchasg budget for the month of May in
Cash collections during April $ 49,100
Problem 3 - Werth’s Widgets pays for 30% of its inventory purchases in the month of the purchase and the remainder in the
following month. The company’s inventory purchases totaled $65,000 in October, $87,000 in Nove
B. How much is the May 30, 2005 budgeted Accounts Receivable?
Customers paid 70% of the amount charged in May. The balance due is 30% of May: 30%*$320,000 = $96,000
C. How much is the budgeted balance for Accounts Payable at May 30, 200
May 4,500 4,700
June 5,300 5,300
A. Calculate budgeted raw materials inventory on the balance sheet at April 30 & May 31.
This calculation is the same amount you use for beginning and ending inventory on the materials purchases budget multiplied by
March cash sales: 35%*$100,000 $35,000
March credit sales: 65%*$100,000*20% 13,000
Cash received from February credit sales:
Total cash collected $106,500
Problem 77 Beavis, Inc. produces tuplets. Each tuplet requires 1.4 pounds of
Payment of April purchases: $210,000 x 70% 147,000
Payment of wages 60,000
Payment of selling and administrative expenses 62,000
Payment of office equipment 24,000
Cash disbursements during May $353,000
Note: Depreciation is never considered a cash
*Less beginning inventory on hand (15%*16,000) (2,400)
Units to be produced during June 16,300
*Beginning inventory for January is ending inventory for December. At the end of December, the company desired inventory of 15%
of expected sales during January
| . Award: 10 out of 10.00 points
1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,200
Total product cost $ 151,280
1. For financial accounting purposes, what is the total amount