Question
Please answer all 4 as they are parts under 1 question number. Thank you!! West Slope Corporation manufactures hockey sticks. There are 2,400 hockey sticks
Please answer all 4 as they are parts under 1 question number. Thank you!!
West Slope Corporation manufactures hockey sticks. There are 2,400 hockey sticks in inventory on January 1. Budgeted sales are 20,000 hockey sticks for January and 27,000 hockey sticks for February. Monthly ending finished goods inventory is budgeted at 10% of the following months sales. How many hockey sticks should the company plan to produce in January?
a. 19,700
b. 20,300
c. 22,700
d. 25,100
West Slope Corporation manufactures hockey sticks. There are 2,400 hockey sticks in inventory on January 1. Budgeted sales are 20,000 hockey sticks for January, 27,000 hockey sticks for February, 30,000 hockey sticks for March and 24,000 hockey sticks for April. Monthly ending finished goods inventory is budgeted at 10% of the following months sales. Production capacity is 28,000 hockey sticks per month. What problem would result from following this budget plan?
a. The company will be overstocked because planned production exceeds expected sales every month.
b. The budget plan calls for production in units in January to exceed production capacity.
c. The budget plan calls for production in units in February to exceed production capacity.
d. The budget plan calls for production in units in March to exceed production capacity.
e. The budget plan calls for production in units to exceed production capacity for all three months.
Kash Company had $37,000 cash on December 31, 2019. Cash receipts for January 2020 were expected to total $80,000. January cash payments were expected to total $23,000. The January 31, 2020 cash balance is expected to be how much?
a. $ 94,000
b. $ 20,000
c. $ 66,000
d. $ 57,000
Which of the following would not be used in preparing a cash budget for October?
a. Beginning cash balance on October 1.
b. Budgeted receipts from customers for October.
c. Estimated depreciation expense for October.
d. Budgeted salary payments in October.
e. Budgeted payments for capital equipment purchases for October.
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