Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the above sales budget (units) shows the selling price of the product at $25 each. For each month 10% of sales are for cash

image text in transcribed
Assume the above sales budget (units) shows the selling price of the product at $25 each. For each month 10% of sales are for cash (customers take a 2% cash discount), 20% of the sales are paid in the month of sales. 40% of the sales are paid one month after the sale, and 30% are paid two months after the sale. Required: cash receipts budget for April. May, and June. A firm has the following production schedule: The firm plans on keeping 10% of next month's production needs in ending inventory. The product requires 4 pounds of raw material XY. which costs $2.50 per pound. The opening raw material was 27.000 pounds. Required: a purchasing budget in units and dollars for July through September. In 2015 Zeldo Corp. sold 46, 000 units of a product for $586, 500. The product's variable cost is S6.30 and total fixed costs are $210.000. Required: break even units and dollars. Mow many units must be sold to achieve targeted income of $175, 000. Assume income tax rates of 31% of pre-tax income; how many units must be sold to achieve $200,000 after tax income. What is the margin of safety in units and %. What is the operating leverage. The sales manager recommends raising the price by $1 each, which would reduce unit volume by 5%. The firm would also spend $54, 000 on added advertising. Should this change be made? The manufacturing manager recommends automating a production line which would reduce variable costs by $.80. but increase fixed costs by $40,000 each year. Should this change be made? A firm has purchased raw material for its product: The firm pays for purchases 35% in the month of purchase and the balance one month later. The expense report for a typical month shows: rents $73, 000 salaries $210,000 medical benefits $18, 000 depreciation $ 14, 000 and professional services of $22, 000. Required: show a cash disbursements budget for January through April

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

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions