please type the answers

1. Allmakes Software budgeted August purchases of new software at $140,000.The store had software costing $6,000 on hand at the beginning of August, and to cover part of anticipated back-to-school sales in September they expect to have $15,000 of software on hand at the end of August. Required: What was the budgeted cost of goods sold for August?

   For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

   Paragraph

   Arial

   14px

   P

   0 WORDSPOWERED BY TINY

1.6 points

QUESTION 3

1. The McKnight Company expects sales in 2015 of 420,000 units of serving trays. McKnight has beginning inventory for 2015 of 22,000 trays, and its target ending inventory is 15,000 trays. Compute the number of trays budgeted for production in 2015.

1.4 points

QUESTION 4

1. The McKnight Company expects sales in 2015 of 56,000 units of serving trays. McKnight has beginning inventory for 2015 of 2,000 trays, and its target ending inventory is 4,500 trays. Compute the number of trays budgeted for production in 2015.

1.4 points

QUESTION 5

1. Inglenook Co. produces wine. The company expects to produce 750,000 two-liter bottles of Chablis in 2015. Inglenook purchases empty glass bottles from an outside vendor. Its target ending inventory of such bottles is 20,000 ; its beginning inventor is 25,000 . For simplicity, ignore breakage. Compute the number of bottles to be purchased in 2015.

1.4 points

QUESTION 6

1. The following information pertains to Hepburn Company.

   Month	Sales	Purchases
   January	$40000	$22000
   February	$36000	$20200
   March	$39600	$22600

   • Cash is collected from customers 20percent in the month of the sale and 80in the month immediately following the sale.
   • 55percent of purchases are paid for in cash in the month of the purchase, and the balance is paid the following month.
   • Labor costs are 16percent of sales. Other operating costs are $35000per month, including $4000of depreciation. These costs are paid in the month incurred.
   • The cash balance on March 1st is $10000.
   • A minimum cash balance of $10000 is required at the end of the month.
   • Money can be borrowed in multiples of $500.

   How much cash will be paid in total during March? Do not use any dollar signs or commas in your answer.

1.4 points

QUESTION 7

1. Inglenook Co. produces wine. The company expects to produce 880,000 two-liter bottles of Chablis in 2015. Inglenook purchases empty glass bottles from an outside vendor. Its target ending inventory of such bottles is 38,500 ; its beginning inventor is 42,000 . For simplicity, ignore breakage. Compute the number of bottles to be purchased in 2015.

1.4 points

QUESTION 8

1. The following information pertains to Hepburn Company.

   Month	Sales	Purchases
   January	$38000	$15600
   February	$38000	$15200
   March	$45600	$16000

   • Cash is collected from customers 45percent in the month of the sale and 55in the month immediately following the sale.
   • 35percent of purchases are paid for in cash in the month of the purchase, and the balance is paid the following month.
   • Labor costs are 32percent of sales. Other operating costs are $29000per month, including $10000of depreciation. These costs are paid in the month incurred.
   • The cash balance on March 1st is $8000.
   • A minimum cash balance of $8000 is required at the end of the month.
   • Money can be borrowed in multiples of $1000.

   What is the expected cash balance at March 31st if Hepburn Company doesn t do any borrowing? Do not use any dollar signs or commas in your answer.