Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chooes 76 The budgeted sales in units for the next four quarter are 20,000, 80,000, 50,000, 60,000, respectively. The beginning inventory 5000, and desired ending

chooes image text in transcribed
image text in transcribed
76 The budgeted sales in units for the next four quarter are 20,000, 80,000, 50,000, 60,000, respectively. The beginning inventory 5000, and desired ending Inventory of finished goods will be 30% of next quarter's sales. The total needs of production for the first quarter is 10,000 1 24,000.00 9,000 14,000 The budgeted sales for the next four quarter are 192,000 $, 286,000 $, 228,0005, 336,000$, respectively. It is estimated that sales will be paid for as follows: 60% collected in the quarter of sales, and the remaining 40% collected in the following quarter, the amounts of cash received in the first quarters 35 135,200 116,00 115,200 176,000

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

Information Technologies In Accounting And Auditing A Post-Soviet Approach

Authors: Sergiy Ivakhnenkov

1st Edition

3639285395, 978-3639285390

Students also viewed these Accounting questions

Question

state what is meant by the term performance management

Answered: 1 week ago