Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

5) Assume division 1 of the XYZ Company had the following results last year. Division 1 had sales of $15,000,000 with operating income of $1,250,000

image text in transcribed
5) Assume division 1 of the XYZ Company had the following results last year. Division 1 had sales of $15,000,000 with operating income of $1,250,000 and total assets of $7,500,000 What is the division's sales margin, capital tumover and Retum on Investment GROD? 5 points) 6) Frisbee Enterprises produces frisbees. Frisbee Enterprises has the following sales projections for the upcoming year First fri in units quarter budgeted frisbee sales in units Third quarter bud geted frisbee sales in units 35,000 22,000 30,000 Fourth quarter budgeted frisbee sales in units Inventory at the beginning of the year was 6000 frisbees Frisbee Enterprises wants to have 30% of the next quarter's sales in units on hand at the end of each quarter. How many frisbees should Frisbee Enterprises produce during the first quarter? Show your calculations points) 7) Cave Hardware's forecasted sales for April, May, June, and July are $200,00, $230,000, $190,000, and $240,000, all accounts receivables collected in the month following respectively. Sales are 65% cash and 35% credit with the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at SIO,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 22% in the month of purchase and in the following month What are the budgeted cash payments in June for inventory purchases? (8points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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