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Please help me find the solution to these problems. No explantion is requires as long as the answers are correct. value: 4.00 points The Volt

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Please help me find the solution to these problems. No explantion is requires as long as the answers are correct.

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value: 4.00 points The Volt Battery Company has forecast its sales in units as follows: January 1,600 May 2.150 February 1,450 June 2,300 March 1,400 July 2,000 April 1,900 , Volt Battery always keeps an ending inventory equal to 140% of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 1,760 units, which is consistent with this policy. Materials cost $11 per unit and are paid for in the month after purchase Labor cost is $4 per unit and is paid in the month the cost is incurred' Overhead costs are $10,000 per month. Interest of $8,800 is scheduled to be paid in March, and employee bonuses of $14,000 will be paid in June. a. Prepare a monthly production schedule for January through June. Volt Battery Company Summary of Cash Payments February March April May June July Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 0 b. Prepare a monthly summary of cash payments for January through June. Volt produced 1,400 units in December. Volt Battery Company Summary of Cash Payments December March Units produced Material cost Labor cost Overhead cost Interest Employee bonuses Totalcashpayments $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Harry's Carryout Stores has eight locations. The rm wishes to expand by two more stores and needs a bank loan to do this. Mr. Wilson, the banker, will nance construction if the rm can present an acceptable three-month nancial plan for January through March. The following are actual and forecasted sales gures: Actual Forecast Additional Information November $520,000 January $600,000 April forecast $500,000 December 540,000 February 640,000 March 510,000 Of the nn's sales, 50 percent are for cash and the remaining 50 percent are on credit. of credit sales, 50 percent are paid in the month after sale and 50 percent are paid in the second month after the sale, Materials cost 40 percent of sales and are purchased and received each month in an amount sufcient to cover the following month's expected sales. Materials are paid for in the month after they are received. Labor expense is 30 percent of sales and is paid for in the month of sales. Selling and administrative expense is 20 percent of sales and is also paid in the month of sales. Overhead expense is $36,000 in cash per month. Depreciation expense is $11,600 per month. Taxes of $9,600 will be paid in January, and dividends of $10,000 will be paid in March. Cash at the beginning of January is $112,000, and the minimum desired cash balance is $107,000. a. Prepare a schedule of monthly cash receipts for January, February, and March. Harry's Carryout Stores Cash Receipts Schedule November December January February March Sales Credit sales Cash sales One month after sale Two months aer sale Total cash receipts $ 0 $ 0 $ 0 b. Prepare a schedule of monthly cash payments for January, February, and March. Harry's Carryout Stores Cash Payment: Schedule January February March Payments for purchases Labor expense Selling and administrative Overhead Taxes Dividends Total cash payments c. Prepare a monthly cash budget with borrowings and repayments for January, February, and March. (Negative amounts should be indicated by a minus sign. Assume the January beginning loan balance is so.) Harry's Carryout stores Cash Payment: Schedule Total cash receipts Total cash payments Net cash flow Beginning cash balance Cumulative cash balance Monthly loan (or repayment) Ending cash balance 0 0 0 Cumulative loan balance value: 2.00 points The Manning Company has nancial statements as shown next, which are representative of the company's historical average. The rm is expecting a 30 percent increase in sales next year, and management is ooncemed about the company's need for external funds. The increase in sales is expected to be carried out without any expansion of xed assets, but rather through more efcient asset utilization in the existing store. Among liabilities, only current liabilities vary direme with sales. Income Statement Sales $ 220,000 Expenses 158.000 Earnings before interest and taxes $ 62,000 interest 9,400 Earnings before taxes 5 52,600 Taxes 1 7,400 Earnings after taxes $ 35,200 Dividends $ 8,800 1 Balance Sheet Assets Liabilities and Stockholders' Equity Cash 3 5,000 Accounts payable $ 25,700 Accounts reeeivable 61,000 Accrued wages 2,400 inventory 77,000 Accrued taxes 4,900 Current assets $ 143,000 Current liabilities $ 33,000 Fixed assets 89,000 Notes payable 9,400 Long-term debt 27,000 Common stock 128,000 Retained earnings 34,600 T013. 3559.5 3 232,000 Total liabilities and stockholders' equity $ 232.000 l Using the percent-of-sales method, determine whether the company has external nancing needs, or a surplus of funds. (Hint: A prot margin and payout ratio must be found from the income statement.) (Do not round intermediate calculations.) value: 2.00 points The Hartnett Corporation manufactures baseball bats with Pudge Rodriguez's autograph stamped on them. Each bat sells for $61 and has a variable cost of $32. There are $43,790 in xed costs involved in the production process. a. Compute the break-even paint in units. Break-even point :lunits h. Find the sales (in units) needed to earn a prot of $21 ,170. Sales quantity needed E units

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