Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Adelphi Company has budgeted activity for March to reflect net income $125,000. All sales are credit sales. Receivables are planned to increase (decrease -)

1) Adelphi Company has budgeted activity for March to reflect net income $125,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $-39,000 payables to increase (decrease -) by $1,000 and Depreciation Expense is $48,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number.Round & enter final answer to the nearest whole dollar.)

2) During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $8.00 per unit, fixed costs of $55,000, and net income of $40,000. Use this information to determine the number of units Adelphi sold during FY 2018.(Round answer to nearest whole number)

3) Towson Company manufactures book cases, and each requires 40 board feet of lumber. Towson expects that 1,900 and 1,850 book cases will be built in June and July, respectively.Towson keeps lumber on hand at 45% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)

4) Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a direct allocation method where service departments are allocated only to production departments.All allocations are based on total employees.Computer Operations has costs of $105,000 andMaintenanceServices has costs of $165,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Packaging Department?(round to closest whole dollar) Employees are:

Computer Operations 4

Maintenance Services3

Mixing Department 4

Packaging Department 8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Paul Marcus Fischer, Rita H Cheng, William James Taylor, Roger Taylor

10th Edition

0324379056, 9780324379051

More Books

Students also viewed these Accounting questions

Question

Explain the differences between CIR and MAR.

Answered: 1 week ago

Question

2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

1. What do I want to achieve?

Answered: 1 week ago