SCM

1. X Corp has projected sales to be P60,000 in January, P75,000 in February and P80,000 in March. XCorp wants to have 25% of next month's sales needs on hand at the end of a month. If X Corp has anaverage GP rate of 40%, and inventories are purchased at .50 per kilo, what are February purchases in kilos?

61,000

91,500

22,875

55,235

None of the above

2. FROSTOSAURUS CHEMICAL CORP. manufactures three chemicals (TX14, NJ35, and KS63) from a joint process. The three chemicals are in industrial grade form at the split-off point. They can either be sold at that point or processed further into premium grade. Costs related to each batch of this chemical process is as follows: TX14 NJ35 KS63 Sales value at split-off point P16,000 P12,000 P5,000 Allocated joint costs P6,000 P6,000 P6,000 Sales value after further processing P20,000 P18,000 P9,000 Cost of further processing P5,000 P3,000 P2,000 For which product(s) above would it be more profitable for FROSTOSAURUS to sell at the split-off point rather than process further?

TX14 only

TX14 and KS63 only

KS63 only

NJ35 and KS63 only

None of the above

3. X Corp has the following budgeted data: Cash, beginning, is 100,000; Cash, ending, is 80,000. Net cash flow provided by financing activities was 30,000; issuance of shares for cash is 50,000; Acquisition of fixed assets costing 80,000 (50% down payment and the balance payable by next year); Gain on sale of certain fixed assets with book value of 10,000, at gain of 5,000. If Accounts receive and Accounts payable increased by 4,000 and 6,000, respectively, what is the budgeted net income / loss?

22,000 loss

8,000 loss

27,000 loss

8,000 net income

None of the above