The first 4 photos was the same problem with different numbers. I posted them because this problem is 2 Parts!! All information there, if right I will praise you forever
% P22-42A (similar to) o Data Table - Xestion Help Omaha Office Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet.) Omaha Office Supply Balance Sheet March 31, 2018 Requirement 1. Prepare Omaha's sales budget for April and May 2018. Round all amounts to the nearest dollar. Assets Current Assets Cash $ 34.000 Omaha Office Supply Sales Budget April and May, 2018 April $ 220,000 $ Total budgeted sales 20,000 May 224,400 36,500 2.000 Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures Less: Accumulated Depreciation S Requirement 2. Prepare Omaha's inventory, purchases, and cost of goods sold budget for April and May. Omaha Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April May 92,500 42.000 (30,000) 12,000 Print Done This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question Type here to search o lica 9:31 PM 7/25/2020 % P22-42A (similar to) A Question Help Omaha Office Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet.) The budget committee of Omaha Office Supply has assembled the following data: (Click the icon to view the data.) Read the requirements Omaha Supply Company Inventory, Purchases, and Cost of Goods Sold Budget April and May, 2018 April $ 110,000 $ 37,050 May 112,200 37,600 Cost of goods sold Plus: Desired ending merchandise inventory Total merchandise inventory required Less: Beginning merchandise inventory 147,050 149,800 37,050 36,500 110,550 112,750 Budgeted Purchases Requirement 3. Prepare Omaha's selling and administrative expense budget for April and May. Omaha Office Supply This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question Type here to search 9:33 PM 7/25/2020 Omaha Office Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet.) The budget committee of Omaha Office Supply has assembled the following data: (Click the icon to view the data.) Read the requirements Requirement 3. Prepare Omaha's selling and administrative expense budget for April and May. Omaha Office Supply Selling and Administrative Expense Budget April and May, 2018 April May $ 11,000 $ 11,220 Variable expenses: Commissions Expense Fixed expenses: Salaries Expense Rent Expense Depreciation Expense Insurance Fxpense 6,000 2,400 600 200 6,000 2,400 600 200 This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question Type here to search | 0 . 9:33 PM 7/25/2020 W P221 A Question Help o Requirements Omaha Offil The budget committee of Omaha Office Supply has assembled the following data: (Click the icon to view the data.) (Click til Read the requirements 1. Prepare Omaha's sales budget for April and May 2018. Round all calculations to the nearest dollar. 2. Prepare Omaha's inventory, purchases, and cost of goods sold budget for April and May 3. Prepare Omaha's selling and administrative expense budget for April and May - X More Info Variable a. Commiss Print Done b. 6,000 Fixed expl Salaries Expense Rent Expense Depreciation Expense Insurance Expense 6,000 2.400 600 2,400 c. d. Sales in April are expected to be $220,000. Omaha forecasts that monthly sales will increase 2% over April sales in May. June's sales will increase by 4% over April sales. July sales will increase 20% over April sales. Omaha maintains inventory of $9,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue. Monthly salaries amount to $6,000. Sales commissions equal 5% of sales for that month. Other monthly expenses are as follows: Rent: $2,400 . Depreciation: 5600 Insurance: $200 Income tax: $1,500 600 200 200 Total fixed expenses 9,200 9,200 $ 20.200 $ 20,420 Total selling and administrative expenses Print Done This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing Similar Question Type here to search 09 lica 9:35 PM 7/25/2020 %x P22-42A (similar to) A Question Help Paperclip Office Supply's March 31, 2018, balance sheet follows: (Click the icon to view the balance sheet.) Data Table - X Paperclip Office Supply Balance Sheet March 31, 2018 Assets Requirement 1. Prepare Paperclip's sales budget for April and May 2018. Round all amounts to the nearest dollar. Paperclip Office Supply Sales Budget April and May, 2018 April May Current Assets Cash $ 28,000 Accounts Receivable 19,000 Total budgeted sales Merchandise Inventory 36,500 1,200 $ 84.700 Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Equipment and Fixtures 55,000 (10,000) 45,000 Less: Accumulated Depreciation Enter any number in the edit fields and then click Check Answer. Total Accots CA 129,700 parts remaining Cle Print Done nswer Type here to search e .
