Galchouse Gas Stetions lnc expects sales to increase from $1,750.000 to S1950000 next year. Galehouse beleves that net assets (Assets-Lieblitios) will represent 80 percent of sales His fem has an 12 percont retun on sales and pays 40 percent of profits out as dividends. Bronco Truck Parts expects to sell the following numb units at the prices indicated under three different scenarios in the cconomy. The probability of cach outcome is indicated Sales for Ross Pro's Sports Equipment are expected to be 47,000 anks for the coming month The company lkes to maintain 15 percent of unt sales for each month in ending inventory. Beginning inventory is 12.000 units Outcone Probabiliey nits 0-30 Price a. What effect will this growth have on funds? 0.30 0-40 490 25 890 How many units should the frm produce for the coming month? 190 38 What is the expected value of the total sales projectio Vila Hair Spray lud saies ur 2t000 units n March. A 50 percent increese is expected in Aprit The company w mairtain 20 pencent of expeced unt sales for Apeil in ending inventory Degining eventory for Apel wes 1050 At the end of January, Higgins Data Systems had en nventory of 680 units, which cost $12 per unit to produce During February the company peoduced LOI0 units at a cost of $15 per unit The Bradey Corporalion produces a product with the olowing costs as of July 1, 200X1 Beginning inventory at these costs on July 1 wes 3,450 units. From July 1 to December t 20X1, Bradley Corporation produced 12.900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit Bradley uses LIFO inventory accounting. How many umits should the company produce in Ap? f the fem sold 1180 units in February, whet was ts cost of goods sold? Assume LIFO inventory accounting) Assuming that Bradey Corporaon sold 14.800 unts dwing the las si mos of the yo at 518 each whats ross pro b. What is the value of encing invenony? Wright Lighting Fixtures torecasts its sales in units tor the four months as follows 8 March 25,000 April 27,000 Ma June 24,500 23.000 10 Wright maintains an ending inventory for each month in the amount of two and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $21,500 per month. Dividends of $21,900 are to be paid in May The firm produced 24,000 units in February Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory March April May uni Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 0 0 Cash Payments February March April 8 Units produced Material cost Labor cost Fixed overhead Dividends 10 J. Lo's Clothiers has forecast credit sales for the fourth q the year: quarter September (actual) $57,000 Fourth Quarter October November December 47,000 42,000 67,000 Experience has shown that 15 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 15 percent are never collecte Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter:Oct-Dec Galehouse Gas Stations Inc. expects sales to increase from $1,750,000 to $1,950,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 80 percent of sales. His firm has an 12 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will 2 2 2 Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price 0.30 0.30 0.40 490 880 1,190 25 38 What is the expected value of the total sales projection? Total expected value Sales for Ross Pro's Sports Equipment are expected to be 47,000 units for the coming month. The company likes to maintain 15 percent of unit sales for each month in ending inventory. Beginning inventory is 12,000 units. How many units should the firm produce for the coming month? Units to be produced At the end of January, Higgins Data Systems had an inventory of 680 units, which cost $12 per unit to produce. During February the company produced 1,010 units at a cost of $15 per unit. If the firm sold 1,180 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor Overhead $5 per unit 3 per unit 1 per unit Beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 14,800 units during the last six months of the year at $18 each, what is its gross profit? Gross profit b. What is the value of ending inventory? Ending inventory At the end of January, Higgins Data Systems had an inventory of 680 units, which cost $12 per unit to produce. During February the company produced 1,010 units at a cost of $15 per unit. If the firm sold 1,180 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold J. Lo's Clothiers has forecast credit sales for the fourth q the year: quarter September (actual) $57,000 Fourth Quarter October November December 47,000 42,000 67,000 Experience has shown that 15 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 15 percent are never collecte Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter:Oct-Dec The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor $5 per unit 3 per unit 1 per unit Overhead Beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 14,800 units during the last six months of the year at $18 each, what is its gross profit? Gross profit b. What is the value of ending inventory? Ending inventory Wright Lighting Hixtures torecasts its sales in units tor the four months as follows 8 March 25,000 April 27,000 May June 24,500 23.000 10 Wright maintains an ending inventory for each month in the amount of two and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $21,500 per month. Dividends of $21,900 are to be paid in May The firm produced 24,000 units in February Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory. March April May Jun Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced Galchouse Gas Stetions lnc expects sales to increase from $1,750.000 to S1950000 next year. Galehouse beleves that net assets (Assets-Lieblitios) will represent 80 percent of sales His fem has an 12 percont retun on sales and pays 40 percent of profits out as dividends. Bronco Truck Parts expects to sell the following numb units at the prices indicated under three different scenarios in the cconomy. The probability of cach outcome is indicated Sales for Ross Pro's Sports Equipment are expected to be 47,000 anks for the coming month The company lkes to maintain 15 percent of unt sales for each month in ending inventory. Beginning inventory is 12.000 units Outcone Probabiliey nits 0-30 Price a. What effect will this growth have on funds? 0.30 0-40 490 25 890 How many units should the frm produce for the coming month? 190 38 What is the expected value of the total sales projectio Vila Hair Spray lud saies ur 2t000 units n March. A 50 percent increese is expected in Aprit The company w mairtain 20 pencent of expeced unt sales for Apeil in ending inventory Degining eventory for Apel wes 1050 At the end of January, Higgins Data Systems had en nventory of 680 units, which cost $12 per unit to produce During February the company peoduced LOI0 units at a cost of $15 per unit The Bradey Corporalion produces a product with the olowing costs as of July 1, 200X1 Beginning inventory at these costs on July 1 wes 3,450 units. From July 1 to December t 20X1, Bradley Corporation produced 12.900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit Bradley uses LIFO inventory accounting. How many umits should the company produce in Ap? f the fem sold 1180 units in February, whet was ts cost of goods sold? Assume LIFO inventory accounting) Assuming that Bradey Corporaon sold 14.800 unts dwing the las si mos of the yo at 518 each whats ross pro b. What is the value of encing invenony? Wright Lighting Fixtures torecasts its sales in units tor the four months as follows 8 March 25,000 April 27,000 Ma June 24,500 23.000 10 Wright maintains an ending inventory for each month in the amount of two and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $21,500 per month. Dividends of $21,900 are to be paid in May The firm produced 24,000 units in February Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory March April May uni Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 0 0 Cash Payments February March April 8 Units produced Material cost Labor cost Fixed overhead Dividends 10 J. Lo's Clothiers has forecast credit sales for the fourth q the year: quarter September (actual) $57,000 Fourth Quarter October November December 47,000 42,000 67,000 Experience has shown that 15 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 15 percent are never collecte Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter:Oct-Dec Galehouse Gas Stations Inc. expects sales to increase from $1,750,000 to $1,950,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 80 percent of sales. His firm has an 12 percent return on sales and pays 40 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will 2 2 2 Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome Probability Units Price 0.30 0.30 0.40 490 880 1,190 25 38 What is the expected value of the total sales projection? Total expected value Sales for Ross Pro's Sports Equipment are expected to be 47,000 units for the coming month. The company likes to maintain 15 percent of unit sales for each month in ending inventory. Beginning inventory is 12,000 units. How many units should the firm produce for the coming month? Units to be produced At the end of January, Higgins Data Systems had an inventory of 680 units, which cost $12 per unit to produce. During February the company produced 1,010 units at a cost of $15 per unit. If the firm sold 1,180 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor Overhead $5 per unit 3 per unit 1 per unit Beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 14,800 units during the last six months of the year at $18 each, what is its gross profit? Gross profit b. What is the value of ending inventory? Ending inventory At the end of January, Higgins Data Systems had an inventory of 680 units, which cost $12 per unit to produce. During February the company produced 1,010 units at a cost of $15 per unit. If the firm sold 1,180 units in February, what was its cost of goods sold? (Assume LIFO inventory accounting.) Cost of goods sold J. Lo's Clothiers has forecast credit sales for the fourth q the year: quarter September (actual) $57,000 Fourth Quarter October November December 47,000 42,000 67,000 Experience has shown that 15 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 15 percent are never collecte Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter:Oct-Dec The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor $5 per unit 3 per unit 1 per unit Overhead Beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 14,800 units during the last six months of the year at $18 each, what is its gross profit? Gross profit b. What is the value of ending inventory? Ending inventory Wright Lighting Hixtures torecasts its sales in units tor the four months as follows 8 March 25,000 April 27,000 May June 24,500 23.000 10 Wright maintains an ending inventory for each month in the amount of two and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $21,500 per month. Dividends of $21,900 are to be paid in May The firm produced 24,000 units in February Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory. March April May Jun Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced