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Osprey Corp. manufactures and sells a widget that has peak sales in the third quarter. The following information concerns operations for 2 0 2 2
Osprey Corp. manufactures and sells a widget that has peak sales in the third quarter. The following information concerns operations for the coming year and the first two quarters of
Osprey's sells widgets for $ each. Budgeted unit sales for the next six quarters are as follows all sales are on credit:
Year Quarter Year Quarter
Budgeted unit sales
of the receipts due from sales is collected in the quarter the sales were made and the remaining is collected in the following quarter. On the company's balance sheet showed $ in accounts receivable, all of which will be collected in the first quarter of
The company desires an ending finished goods inventory at the end of each quarter equal to of the budgeted unit sales for the next quarter. On the company had widgets on hand.
Six pounds of raw materials are required per widget. The company requires ending raw materials inventory at the end of each quarter equal to of the following quarter's production needs. On Osprey had pounds of raw materials on hand.
The raw materials costs $ per pound. Raw materials are paid for in the following pattern: in the quarter the purchases are made, and the remaining paid in the following quarter. On Osprey's balance sheet showed $ in accounts payable for raw materials purchases, all of which will be paid in the first quarter of What are Osprey's expected cash collections in the st quarter of What are Osprey's expected cash collections in the rd quarter of How much of the rd quarter sales will be collected in the th quarter of How many widgets need to be produced in the rd quarter of How many pounds of materials will need to be purchased in the st quarter of What are the expected cash disbursements for materials in the nd quarter of
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