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please show work Question 1 GS Cookie Co. forecasts cash receipts for January and February of $18,000 and $20,000, with cash payments of $6,000 and
please show work
Question 1 GS Cookie Co. forecasts cash receipts for January and February of $18,000 and $20,000, with cash payments of $6,000 and $8,000, respectively, GS Cookie's cash balance at the beginning of January was $5,000, a level that it attempts to maintain. At the beginning of the year, Gs Cookie has a $15,000 balance outstanding on its line of credit at the local bank. Based on its cash budget, how much of the line of credit can GS Cookie repay in January? a. $12,000 b. $15,000 C. $4,000 d. None Question 2 A firm has targeted a 20% growth in sales this year. Last year's cash as a percent of sales was 10%, accounts receivable 30%, and Inventory 25%. What percentage growth in current liabilities is required to support the growth in sales under the percent of sales forecasting method? a. 329 b. 13% c.8% d. Not enough information to determine Question 3 Division Toaster Corp. sells its products for $80 per unit, it has the following costs. Rent $101,100 Factory Labor 13 per unit Executive Salaries 130,000 Raw Materials 4 per unit The break even point is? a. more than 4,658 units b.4158 units c. less than 4,158 d. Not enough information has been provided to determine break-even point Question 4 It a firm with $49,000 in fixed costs breaks even on 7,000 units, how many units must the firm sell to earn $30,000 in operating profit? 8,30,000 units b. 11.256 units C 15,824 units d. There is not enough information to determine the unit sales required Step by Step Solution
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