please do not answer unless you're able to answer them all.

Discussion Board - ACG 2071-2205-1024 DO 124 Saved Help Save & Exit Submit Chapter 20 Exercise i Check my work 1 0.5 points MM Co. predicts sales of $38,000 for May. MM Co. pays a sales manager a monthly salary of $3,800 plus a commission of 8% of sales dollars. MM's production manager recently found a way to reduce the amount of packaging MM uses. As a result, MM's product will receive better placement on store shelves and thus May sales are predicted to increase by 10%. In addition, MM's shipping costs are predicted to decrease from 6% of sales to 5% of sales. Compute (1) budgeted sales and (2) budgeted selling expenses for May assuming MM switches to this more sustainable packaging. Skipped eBook Print (1) Budgeted sales (2) Budgeted selling expenses References Chapter 20 Exercise Saved Help Save & Exit Submit Check my work 3 Ruiz Co. provides the following sales forecast for the next four months. April 660 Sales (units) May 740 June 690 July 780 0.5 points Skipped The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 198 units. Prepare a production budget for the months of April, May, and June. eBook Hint Print References RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 740 Ratio of inventory to future sales 30% May June 690 780 Required units of available production Units to be produced Me A Chapter 20 Exercise Check my work 4. Karim Corp. requires a minimum $9,600 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $10,000, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. 0.5 points Skipped July $25,600 30,400 August $33,600 31,600 September $41,600 33,600 Cash receipts Cash payments eBook Hint Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whnle dollar.) my work Cash payments YAVU 30,400 YUUUUU 31,600 33,600 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) pped ook KARIM CORP. Cash Budget For July, August, and September July August $ 10,000 September Hint Beginning cash balance int Tences Total cash available Preliminary cash balance Ending cash balance Loan balance 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Check my work 5 Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,700 units; October, 4,900 units; November, 6,300 units; and December, 8,400 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 2,800 finished units on hand. Prepare a production budget for each of the months of September, October, and November. .5 oints Skipped eBook Hint Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) % November Print References % % 0 0 0 0 Units to be produced 0 0 Chapter 20 Exercise i Check my worl 6 Tyler Co. predicts the following unit sales for the next four months: April, 3,100 units; May, 4,700 units; June, 6,100 units; and July, 2,500 units. The company's policy is to maintain finished goods inventory equal to 20% of the next month's sales. At the end of March, the company had 500 finished units on hand. 0.5 points Prepare a production budget for each of the months of April, May, and June. Skipped eBook Hint Tyler Co. Production Budget April, May and June April Next month's budgeted sales (units) % May June Print % % References 0 0 0 0 0 0 Units to be produced Check my work 7 Kayak Co, budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. 0.5 points January February March Cash Receipts $519,000 411,500 457,000 Cash payments $464,700 357,200 530,000 eBook Hint Print References According to a credit agreement with its bank, Kayak requires a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up to $150,000 at a monthly interest rate of 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Prepare monthly cash budgets for January, February, and March. (Negative balances a repayment amounts (if any) should be indicated with minus sign.) Fook KAYAK COMPANY Cash Budget For January, February, and March January February 40,000 int March -int Beginning cash balance $ ences Total cash available Preliminary cash balance Ending cash balance Loan balance $ 80,000 $ Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Check my work 00 Jasper Company has sales on account and for cash. Specifically, 61% of its sales are on account and 39% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $531,000 for April, $541,000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $294,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. 0.5 points Skipped April May June eBook Cash sales Sales on account Total sales 39% 61% Hint $ 0 $ 0 $ 0 Print References May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts Chapter 20 Exercise i Check my work 9 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May. $126,000; and June, $136,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $38,000. 0.5 points Prepare a schedule of budgeted cash payments for April, May, and June. Skipped June April May 70% eBook 30% Current month purchases Ending accounts payable Total purchases 0 $ $ 0 $ Print References June May Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials Saved Help Save & Exit Submit Check my work 10 Foyert Corp. requires a minimum $7,000 cash balance Loans taken to meet this requirement cost 1% interest per month (paid monthly Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $7,000 and the company has an outstanding loan of $3,000. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow October November December Cash receipt $23,000 $17,000 $21,000 Cash payments 25,500 16,000 15,000 0.5 points Skipped Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) eBook Hint FOYERT CORP Cash Budget For October, November, and December October November Beginning cash balance $ 7.000 December Print Total cash available References Preliminary cash balance Ending cash balance Loan balance $ 3,000 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Discussion Board - ACG 2071-2205-1024 DO 124 Saved Help Save & Exit Submit Chapter 20 Exercise i Check my work 1 0.5 points MM Co. predicts sales of $38,000 for May. MM Co. pays a sales manager a monthly salary of $3,800 plus a commission of 8% of sales dollars. MM's production manager recently found a way to reduce the amount of packaging MM uses. As a result, MM's product will receive better placement on store shelves and thus May sales are predicted to increase by 10%. In addition, MM's shipping costs are predicted to decrease from 6% of sales to 5% of sales. Compute (1) budgeted sales and (2) budgeted selling expenses for May assuming MM switches to this more sustainable packaging. Skipped eBook Print (1) Budgeted sales (2) Budgeted selling expenses References Chapter 20 Exercise Saved Help Save & Exit Submit Check my work 3 Ruiz Co. provides the following sales forecast for the next four months. April 660 Sales (units) May 740 June 690 July 780 0.5 points Skipped The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 198 units. Prepare a production budget for the months of April, May, and June. eBook Hint Print References RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 740 Ratio of inventory to future sales 30% May June 690 780 Required units of available production Units to be produced Me A Chapter 20 Exercise Check my work 4. Karim Corp. requires a minimum $9,600 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $10,000, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. 0.5 points Skipped July $25,600 30,400 August $33,600 31,600 September $41,600 33,600 Cash receipts Cash payments eBook Hint Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whnle dollar.) my work Cash payments YAVU 30,400 YUUUUU 31,600 33,600 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) pped ook KARIM CORP. Cash Budget For July, August, and September July August $ 10,000 September Hint Beginning cash balance int Tences Total cash available Preliminary cash balance Ending cash balance Loan balance 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Check my work 5 Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,700 units; October, 4,900 units; November, 6,300 units; and December, 8,400 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 2,800 finished units on hand. Prepare a production budget for each of the months of September, October, and November. .5 oints Skipped eBook Hint Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) % November Print References % % 0 0 0 0 Units to be produced 0 0 Chapter 20 Exercise i Check my worl 6 Tyler Co. predicts the following unit sales for the next four months: April, 3,100 units; May, 4,700 units; June, 6,100 units; and July, 2,500 units. The company's policy is to maintain finished goods inventory equal to 20% of the next month's sales. At the end of March, the company had 500 finished units on hand. 0.5 points Prepare a production budget for each of the months of April, May, and June. Skipped eBook Hint Tyler Co. Production Budget April, May and June April Next month's budgeted sales (units) % May June Print % % References 0 0 0 0 0 0 Units to be produced Check my work 7 Kayak Co, budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. 0.5 points January February March Cash Receipts $519,000 411,500 457,000 Cash payments $464,700 357,200 530,000 eBook Hint Print References According to a credit agreement with its bank, Kayak requires a minimum cash balance of $40,000 at each month-end. In return, the bank has agreed that the company can borrow up to $150,000 at a monthly interest rate of 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Prepare monthly cash budgets for January, February, and March. (Negative balances a repayment amounts (if any) should be indicated with minus sign.) Fook KAYAK COMPANY Cash Budget For January, February, and March January February 40,000 int March -int Beginning cash balance $ ences Total cash available Preliminary cash balance Ending cash balance Loan balance $ 80,000 $ Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Check my work 00 Jasper Company has sales on account and for cash. Specifically, 61% of its sales are on account and 39% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $531,000 for April, $541,000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $294,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. 0.5 points Skipped April May June eBook Cash sales Sales on account Total sales 39% 61% Hint $ 0 $ 0 $ 0 Print References May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts Chapter 20 Exercise i Check my work 9 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $96,000; May. $126,000; and June, $136,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $38,000. 0.5 points Prepare a schedule of budgeted cash payments for April, May, and June. Skipped June April May 70% eBook 30% Current month purchases Ending accounts payable Total purchases 0 $ $ 0 $ Print References June May Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials Saved Help Save & Exit Submit Check my work 10 Foyert Corp. requires a minimum $7,000 cash balance Loans taken to meet this requirement cost 1% interest per month (paid monthly Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $7,000 and the company has an outstanding loan of $3,000. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow October November December Cash receipt $23,000 $17,000 $21,000 Cash payments 25,500 16,000 15,000 0.5 points Skipped Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) eBook Hint FOYERT CORP Cash Budget For October, November, and December October November Beginning cash balance $ 7.000 December Print Total cash available References Preliminary cash balance Ending cash balance Loan balance $ 3,000 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month