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Raw Materials. Direct Labor, and Overhead begin{tabular}{|l|c|c|} hline begin{tabular}{l} Have correct answers that properly calculate & match the following check figures: end{tabular} & Possible
Raw Materials. Direct Labor, and Overhead \begin{tabular}{|l|c|c|} \hline \begin{tabular}{l} Have correct answers that properly calculate \& match the following check \\ figures: \end{tabular} & Possible & \begin{tabular}{c} Your \\ Score \end{tabular} \\ Cash collections for 2024=$1,769,310,000 & 1 & 1 \\ Units produced for 2024=292,880,000 units & 1 \\ Raw material purchases for 2024=$805,175,800 & 1 \\ S\&A cash disbursements for 2024=$269,250,000 & 2 \\ Ending cash balance for 2024=$135,486,960 & 2 & \\ Budgeted net income for 2024=$190,050,000 & 1 & \\ Total assets (and liabilities \& equities) at the end 2024=$1,777,897,360 & 10 & \\ Goal seek selling price per unit is $7.05 & & \\ \hline \begin{tabular}{l} All cells are formula driven (you lose 1 point each time there is a number \\ hard coded entered in a worksheet) \end{tabular} & 1 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{c} Land O'Lakes \\ Balance Sheet as of December 31, 2023 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equities } \\ \hline Cash & $318,000,000 & Accounts Payable & $ & 31,000,000 \\ \hline Accounts Receivable & 79,000,000 & Notes Payable & $ & 120,000,000 \\ \hline Raw Materials Inventory & 6,144,600 & Interest Payable & $ & 4,800,000 \\ \hline Finished Goods Inventory & 12,000,000 & Common Stock & $ & 800,000,000 \\ \hline Property, Plant and Equipment, net & $1,300,000,000 & Retained Earnings & $ & 759,344,600 \\ \hline Total Assets & $1,715,144,600 & Total Liabilities and Equities & & ,715,144,600 \\ \hline \end{tabular} Raw Materials. Direct Labor, and Overhead \begin{tabular}{|l|c|c|} \hline \begin{tabular}{l} Have correct answers that properly calculate \& match the following check \\ figures: \end{tabular} & Possible & \begin{tabular}{c} Your \\ Score \end{tabular} \\ Cash collections for 2024=$1,769,310,000 & 1 & 1 \\ Units produced for 2024=292,880,000 units & 1 \\ Raw material purchases for 2024=$805,175,800 & 1 \\ S\&A cash disbursements for 2024=$269,250,000 & 2 \\ Ending cash balance for 2024=$135,486,960 & 2 & \\ Budgeted net income for 2024=$190,050,000 & 1 & \\ Total assets (and liabilities \& equities) at the end 2024=$1,777,897,360 & 10 & \\ Goal seek selling price per unit is $7.05 & & \\ \hline \begin{tabular}{l} All cells are formula driven (you lose 1 point each time there is a number \\ hard coded entered in a worksheet) \end{tabular} & 1 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{c} Land O'Lakes \\ Balance Sheet as of December 31, 2023 \end{tabular}} \\ \hline \multicolumn{2}{|l|}{ Assets } & \multicolumn{3}{|c|}{ Liabilities and Equities } \\ \hline Cash & $318,000,000 & Accounts Payable & $ & 31,000,000 \\ \hline Accounts Receivable & 79,000,000 & Notes Payable & $ & 120,000,000 \\ \hline Raw Materials Inventory & 6,144,600 & Interest Payable & $ & 4,800,000 \\ \hline Finished Goods Inventory & 12,000,000 & Common Stock & $ & 800,000,000 \\ \hline Property, Plant and Equipment, net & $1,300,000,000 & Retained Earnings & $ & 759,344,600 \\ \hline Total Assets & $1,715,144,600 & Total Liabilities and Equities & & ,715,144,600 \\ \hline \end{tabular}
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