Question 70

Marigold Companys sales budget showed expected sales of 13550 widgets. Beginning finished goods contained 1240 widgets. The company determined that 14000 units should be produced. How many widgets will the company have on hand at the end of the year?

790

1240

1690

450

Question 72

Bonita, Inc. determined its estimated production for the month is 309000 units. Each unit requires 3 kilograms of material. The beginning direct materials are 1% of the current months expected needs. Ending inventory desired is 7900 kilograms. How much are estimated direct materials purchases in kilograms?

925630 kilograms

934900 kilograms

307630 kilograms

928370 kilograms

Question 76

During September, the capital expenditure budget indicates a $140500 purchase of equipment for cash. The ending September cash balance from operations is budgeted to be $20600. The company wants to maintain a minimum cash balance of $9700. What is the minimum cash loan that must be planned to be borrowed from the bank during September?

$110200

$119900

$129600

$150200

PLEASE HELP ME, I'LL MAKE SURE TO RATE!!!

Question 71 The production budget shows expected unit sales are 2010. The required production units are 1680. Which of the following represents possible inventory balances? Beginning Units Ending Units 400 70 70 400 400 400 0 70 Question 73 The sales budget for the Vaughn Company indicates the following units to be sold: January February March April 20400 29000 23100 11 28300 The company requires that ending inventory be equivalent to 40% of the following month's sales. There were no units on hand at the end of December. What is the budgeted balance in the company's ending inventory account at March 31 expected to be? O 9240 O 11320 O 8160 O 0 Question 74 The sales budget for the Concord Company indicates the following units to be sold: 20800 30900 January February March April 24000 28700 The company requires that ending inventory be equivalent to 40% of the following month's sales. There were no units on hand at the end of December. What is the production that needs to take place during March? O 24000 units O 104400 units O 25880 units O 34060 units Question 75 Concord Company reported the following information for 2020: September October November December January Budgeted sales $240700 $309700 $289900 $359100 $199200 Budgeted purchases $89000 $119100 $127600 $144800 $88100 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 30% of sales. Concord purchases and pays for merchandise 70% in the month of acquisition and 30% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Concord receive during November? $144950 $324500 $299800 $289900 Question 77 Marigold has budgeted its activity for December according to the following information: 1. Sales at $506000, all for cash. 2. Budgeted depreciation for December is $12400. 3. The cash balance at December 1 was $56700. 4. Selling and administrative expenses are budgeted at $34800 for December and are paid for in cash. 5. The planned merchandise inventory on December 31 and December 1 is $25900. 6. The invoice cost for merchandise purchases represents 65% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December? $376100 $363700 $351300 $514060