{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-13T00:07:35-04:00", "answer_date": "2024-09-13 00:07:35", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10523336", "url": "\/study-help\/questions\/the-management-of-zigby-manufacturing-prepared-the-following-estimated-balance-10523336", "question_creation_date_js": "2024-09-13T00:07:35-04:00", "question_creation_date": "Sep 13, 2024 12:07 AM", "meta_title": "[Solved] The management of Zigby Manufacturing pre | SolutionInn", "meta_description": "Answer of - The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURI | SolutionInn", "meta_keywords": "management,zigby,manufacturing,prepared,estimated,balance,sheet,march,2019,31,assets,cash", "question_title_h1": "The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts", "question_title": "The management of Zigby Manufacturing prepared the following estimated balance sheet for", "question_title_for_js_snippet": "The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materiala inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short term notes payable Total current liabilities Long term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 65,000 434,850 87,505 374,640 961,995 624,000 (162,000) 462,000 $1,423,995 $ 199,405 24,000 223 405 520,000 743,405 347,000 333,590 680,590 $1,423,995 To prepare a master budget for April, May, and June of 2019, management gathers the following information a Sales for March total 22,300 units Forecasted sales in units are as follows April, 22,300 May, 16,300 June, 22,700, and July 22,300 Sales of 252,000 units are forecasted for the entire year The product's selling price is $26 00 per unit and its total produ cost is $21 00 per unit b Company policy calls for a given month's ending raw materials inventory to equal 50 of the next month's materials requirement The March 21 raw materials inventory le 4 375 nits which complies with the nnllry The evnerted line an ending raw materials", "question_description": "
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\"image<\/div> <\/div> The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materiala inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 65,000 434,850 87,505 374,640 961,995 624,000 (162,000) 462,000 $1,423,995 $ 199,405 24,000 223.405 520,000 743,405 347,000 333,590 680,590 $1,423,995 To prepare a master budget for April, May, and June of 2019, management gathers the following information a. Sales for March total 22,300 units. Forecasted sales in units are as follows: April, 22,300; May, 16,300 June, 22,700, and July. 22,300. Sales of 252,000 units are forecasted for the entire year. The product's selling price is $26.00 per unit and its total produ cost is $21.00 per unit. b. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirement The March 21 raw materials inventory le 4 375 nits which complies with the nnllry The evnerted line an ending raw materials", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-13 00:07:35", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/business-communication\/32-as-wlans-become-more-powerful-what-are-the-implications-2004231", "description": "32. As WLANs become more powerful, what are the implications for networks of the future? 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