A- ABC company has two divisions--Women and Men. The divisions have the following revenues and expenses:

	Women			Men
Sales	$	500,000		$	550,000
Variable costs		200,000			275,000
Traceable fixed costs		150,000			180,000
Allocated common corporate costs		135,000			170,000
Net income (loss)	$	15,000		$	(75,000)

The management of ABC is considering the elimination of the Men Division. If the Men Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision.

Required:

Should the Company drop Men division? Explain. Support you answer with the necessary calculations. (7.5 marks)

B- XYZ Company manufactures and sell wooden product. It wants to prepare cash budget for the second quarter of the year. The companys sales budget for the second quarter given below:

	April	May	June	Total
Budgeted Credit Sales	$470,000	$670,000	$230,000	$1,370,000

- Credit sales are collected as follows:

25% in the same month of sale, 65% in the month following sale, and 10% in the second month following sale

- February sales totaled $400,000, and March sales totaled $430,000.

Required:

1. Prepare the cash collection schedule for the second quarter.

2. What is the accounts receivable balance on June 30th?

C- ABC Corporation has estimated the following information for first quarter of 2020 for one of its products:

	January	February	March
Units to be produced	128,000	140,000	152,000
Desired ending inventory of finished goods	30,000	36,000	38,000

The ending inventory at December 2019 was 28,000 units.

Required:

Prepare the Production Budget and the Sales Budget for the first quarter of 2020, assuming selling price per unit is $20.

D- The following information has been take from a manufacturing company for the year 2019:

Sales revenues 36,000 opening inventory of materials 10,000 closing inventory of materials 8,000 opening inventory of finished goods 6,000 closing inventory of finished goods 4,000 cost of goods produced 26,000

Required: Calculate cost of goods sold and gross profit for the year ended December 31, 2019.