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URGENT PLEASE solve the questions found at the end of the pictures (and show functions used) Solution File XYZ Company Three-Month Master Budget XYZ Company
URGENT PLEASE solve the questions found at the end of the pictures (and show functions used)
Solution File XYZ Company Three-Month Master Budget XYZ Company Balance Sheet, December 31 \begin{tabular}{|c|c|c|} \hline Cash & & $41,700 \\ \hline Accounts receivable & & 192,000 \\ \hline Raw materials & & 102,240 \\ \hline Finished goods & & 64,400 \\ \hline Land & & 50,000 \\ \hline Plant and equipment & $500,000 & \\ \hline Less: accumulated depreciation & 112,000 & 388,000 \\ \hline Total assets & & $838,340 \\ \hline Accounts payable to suppliers & & $340,000 \\ \hline Common Stock & $100,000 & \\ \hline Retained Earnings & 398,340 & 498,340 \\ \hline Total liabilities and equity & & $838,340 \\ \hline \end{tabular} Information: Estimated sales in units of Product X January February March April May Selling price Collections from customers Collect in month of sale Collect the following month \begin{tabular}{r} 7,000 \\ 8,000 \\ 11,000 \\ 8,000 \\ 7,000 \\ $110 \\ \hline 55% \\ \hline 40% \end{tabular} Desired FG inventory (\% of next month's unit sales) Desired raw material inventory (\% of next month's production needs) Raw material units needed to produce one final product M1 BI units \& cost Product XStep by Step Solution
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