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i need help correcting these! please Complete the following table: (Enter all values as positive values.) X Answer is complete but not entirely correct. Production

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i need help correcting these! please

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Complete the following table: (Enter all values as positive values.) X Answer is complete but not entirely correct. Production NUMBER OF UNITS Ending Sales Inventory 500 125 670 X 90 Beginning Inventory 75 550 930 125 750 710 205 X 80 900 85 1,200 635 X 470 160 805 225 845 795 290 270 X This window shows your responses and what was marked correct and incorrect from your previous attempt 3. Award 729 out of 50 points Paul's Pool Service provides pool deaning, chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 60 percent of their fees in the month the service is provided in the month following service, Paul collects 35 percent of service fees. The final 5 percent is collected in the second month following service. Paul purchases his supplies on credit and pays 50 percent in the month of purchase and the remaining 50 percent in the month following purchase of the supplies Paul purchases, 85 percent is used in the month of purchase, and the remainder is used in the month following purchase The following information is available for the months of June, July, and August, which are Paul's busiest months . June 1 cash balance $14.600 June 1 suppies on hand $3,800. June 1 accounts receivable $8,000 June 1 accounts payable $3,700. . Estmated sales for June, July, and August are $24.000, $36.000, and $39,000, respectively Sales during May were $22,000, and sales during April were $ 16,000 . Estimated purchases for June July, and August are $9,000 $17,000 and 512.000, respectively Purchases in May were $5,000 Required: 1. Compute budgeted cash receipts and budgeted cash payments for each month Answer is complete and correct. June S 22.900 July August 31.100S 36 600 Budgeted Cash Recept Budgeted Cash Payments 5 7.000 13.000 14500 2. Compute the balances necessary to prepare a budgeted balance sheet for August 31 for each of the following accounts: Answer is complete but not entirely correct. Balances for August 31 Budgeted Balance Sheet Cash June 1 Balance S 14 600 Add Total Cash 90,600 Receipts Less Total Cash Payments (34,500) August 31 Balance IS 70,700 Supplies Inventory 15% of August S 1.800 Purchases Accounts Receivable 40% of August Sales $ 14.400 X 5% of July Sales 1.900 X Balance at August 31 16,300 Accounts Payable 50% of August $ 6,000 Purchases Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following Quarter 1 Quarter 2 Quarter 3 32.000 52.000 26 000 Quarter 4 52000 Budgeted Unt Sales Each T-shirt is expected to sell for $20 The purchasing manager buys the T-shirts for $8 each The company needs to have enough T-shirts on hand at the end of each quarter to fill 30 percent of the next quarter's sales demand. Selling and administrative expenses are budgeted at $64,000 per quarter plus 16 percent of total sales revenue Required: 1. Determine budgeted sales revenue for each quarter Answer is complete and correct. Quarter Quarter 2 Quarter s 640.000 $1,040,000 $ 520,000 Dudled Sales Revenge 2. Determine budgeted cost of merchandise purchased for each quarter. Answer is complete but not entirely correct. Budgeted Cost of Merchandise Quarter 1 Quarter 2 $ 38,000 $ 44 200 x Quarter 3 Purchase 33,800 X

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