Question
Production cash outflow. National Beverage Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale.
Production cash outflow.National Beverage Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 11% of the anticipated month's sale. Beginning inventory in October 2014 was 265,247 units. Each unit costs $0.26to make. The average selling price is $0.74 per unit. The cost is made up of 37% labor, 49% materials, and 14%
shipping (to the warehouse). The company pays for labor the month of production, shipping the month after production, and raw materials the month prior to production. What is the production cash outflow for products produced in the month of October 2014, and in what months does it occur?Note:October production is based on December anticipated sales. The fourth-quarter sales forecasts are asfollows: $1,937,000 October),
$2,114,000 (November), and $2,161,000 (December).
What is the production cash outflow for the month of October 2014 production?
(Hint:
The production cost comprises labor, raw materials, and shipping.)Part 2The labor cost is
$enter your response here.
(Round to the nearest dollar.)
help me with all 4 parts
6. Pro forma income statement.Given the income statement in the popup window,
for California Cement Company for 2013 and an expected sales growth rate of 6.91%
for 2014, prepare a pro forma income statement for 2014.
California Cement Company | ||
Income Statement for 2013 | ||
Sales revenue | $ | 22,823,000 |
Cost of goods sold | $ | -11,689,000 |
Selling, general, and administrative expenses | $ | -3,937,000 |
Depreciation expenses | $ | -1,349,000 |
EBIT | $ | 5,848,000 |
Interest expense | $ | -174,000 |
Taxable income | $ | 5,674,000 |
Taxes | $ | -2,486,606 |
Net income | $ | 3,187,394 |
First, find the percentage of each income statement line from 2013 as a percent of sales.(Round to three decimal places.)
California Cement Company | ||||
Income Statement for 2013 | ||||
Sales revenue | $ | 22,823,000 | % | |
Cost of goods sold | $ | -11,689,000 | % | |
Selling, general, and administrative expenses | $ | -3,937,000 | % | |
Depreciation expenses | $ | -1,349,000 | % | |
EBIT | $ | 5,848,000 | % | |
Interest expense | $ | -174,000 | % | |
Taxable income | $ | 5,674,000 | % | |
Taxes | $ | -2,486,606 | % | |
Net income | $ | 3,187,394 | % |
help me with all 4 parts
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