Question
The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 75,000 units of this item for the next
The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 75,000 units of this item for the next several years. The beginning 2020 finished goods inventory contains 15,000 units. The target for each year's ending inventory is 10,000 units. Sales take place evenly throughout the year. What is the to production budget (in units) for 2020? (Round to the nearest 1.00)
The Model Company begins operations in April. It has budgeted April sales of $30,000; May sales of $34,000; June sales of $50,000; July sales of $60,000; and August sales of $38,000. Note that 10% of each month's sales is expected to represent cash sales. Credit sales are expected to be collected 70% in the month following the sale, 20% the second month following the sale, and 5% in the third month following the sales. The remaining balance is expected to be uncollectible. What is the amount of cash to be collected in the month of July? (Round to the nearest $1.00)
The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 75,000 units of this item for the next several years. The beginning finished goods inventory contains 15,000 units. The target for each year's ending inventory is 10,000 units. Each unit requires five feet of plastic tubing. The tubing inventory currently includes 70,000 feet of the required tubing. Materials on hand are targeted to equal three months of production. Any shortages of materials are made up by the immediate purchase of materials. Sales take place evenly throughout the year. What are the total feet of tubing budgeted to be used in manufacturing for 2020? (Round to the nearest 1.00)
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