View History Bookmarks Window Help 4 ezto.mheducation.com Homework: Working Capital M... M Sample Five-Year Marketing Pl... M Question 9- Homework: Worki... Free APA Citation Generator [B Working Capital Management Assignment i Saved Help Bombs Away Video Games Corporation has forecasted the following monthly sales: January February $ 99,000 July $ 44,000 92,000 August 44,000 March 24,000 September 54,000 April 24,000 October 84,000 May 19,000 November 104,000 June 34,000 December 122,000 Total annual sales = $744,000 Bombs Away Video Games sells the popular Strafe and Capture video game. It sells for $5 per unit and costs $2 per unit to produce. A level production policy is followed. Each month's production is equal to annual sales (in units) divided by 12. Of each month's sales, 20 percent are for cash and 80 percent are on account. All accounts receivable are collected in the month after the sale is made. a. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 24,000 units. Note: Input all your answers as positive numbers. Bombs Away Video Games Corporation Production and Inventory Schedule in Units January February March April Beginning + Inventory Production - Sales Ending Inventory 24,000 12,400 19,800 16,600 16,600 12,400 18,400 10,600 10,600 12,400 4,800 18,200 18,200 12,400 4,800 25,800 2 F2 80 F3 000 000 F4 F5 2 3 % < Prev 9 of 20 Next > > 4 5 6 APR 1 MacBook Air L tv A AA DII DA F6 F7 F8 F9 F10 W E R T Y 28 U * 8 6 0 0 P ezto.mheducation.com on Homework: Working Capital M... M Sample Five-Year Marketing Pl... M Question 9 - Homework: Worki... Free APA Citation Generator [ k: Working Capital Management Assignment Saved Help ok Of each month's sales, 20 percent are for cash and 80 percent are on account. All accounts receivable are collected in the month after the sale is made. a. Construct a monthly production and inventory schedule in units. Beginning inventory in January is 24,000 units. Note: Input all your answers as positive numbers. Bombs Away Video Games Corporation Production and Inventory Schedule in Units Beginning + Production - Sales = Inventory Ending Inventory January 24,000 12,400 19,800 16,600 nt February 16,600 12,400 18,400 10,600 ences March 10,600 12,400 4,800 18,200 April 18,200 12,400 4,800 25,800 May 25,800 12,400 3,800 + 34,400 June 34,400 12,400 6,800 40,000 July 40,000 12,400 8,800 43,600 August 43,600 12,400 8,800 47,200 September 47,200 12,400 10,800 48,800 October 48,800 12,400 16,800 44,400 November 44,400 12,400 20,800 36,000 December 36,000 12,400 24,400 24,000 c raw ill F1 F2 80 F3 000 000 F4 2 3 Q W A S $ 4 2 < Prev APR 1 9 of 20 Next > MacBook Air History ezto.mheducation.com Homework: Working Capital M... M Sample Five-Year Marketing Pl... M Question 9 - Homework: Worki... Free APA Citation Genera king Capital Management Assignment i Saved H 5. Prepare a monthly schedule of cash receipts. Sales in December before the planning year are $100,000. Bombs Away Video Games Corporation Cash Receipts Schedule Sales January February March April May June $ 99,000 $ 92,000 $ 24,000 $ 24,000 $ 19,000 $ 34,000 Cash receipts: Cash sales $ 69 Prior month's credit sales 19,800 $ 80,000 18,400 $ Total cash receipts $ 99,800 $ 79,200 97,600 $ 4,800 $ 73,600 78,400 $ 4,800 $ 19,200 24,000 $ 3,800 19,200 23,000 $ 69 $ 6,800 15,200 22,000 Sales Bombs Away Video Games Corporation Cash Receipts Schedule July August September October November December $ 44,000 $ 44,000 $ 54,000 $ 84,000 $ 104,000 $ 122,000 Cash receipts: Cash sales EA $ Prior month's credit sales 8,800 $ 27,200 Total cash receipts $ 36,000 $ 8,800 $ 35,200 44,000 $ 10,800 $ 35,200 46,000 $ 16,800 $ 43,200 60,000 $ 20,800 $ 24,400 67,200 83,200 88,000 $ SA 107,600 F2 80 F3 F4 2 3 2 < Prev 9 of 20 Next > APR 1 MacBook Air tv A@ 000 000 F5 F6 F7 DII F8 DD F9 F10 S 4 5 % do L 66 & * 7 8 W E R T Y U ( 9 0 P 1 B ezto.mheducation.com Homework: Working Capital M... M Sample Five-Year Marketing Pl... M Question 9 - Homework: Worki... Free APA Citation Generator [U.. working Capital Management Assignment Saved Help c. Prepare a cash payments schedule for January through December. The production costs of $2 per unit are paid for in the month in which they occur. Other cash payments, besides those for production costs, are $44,000 per month. Bombs Away Video Games Corporation Cash Payments Schedule January February March April May June Production cost $ 24,800 $ 24,800 $ Other cash payments 44,000 44,000 24,800 $ 44,000 Total cash payments $ 68,800 $ EA 68,800 $ 68,800 $ 24,800 $ 44,000 68,800 $ 24,800 $ 24,800 44,000 44,000 68,800 $ 68,800 Production cost Other cash payments Total cash payments Bombs Away Video Games Corporation Cash Payments Schedule July August September October November December SA $ 24,800 $ 24,800 $ $ SA 44,000 68,800 $ 44,000 68,800 $ 24,800 $ 44,000 68,800 $ 24,800 $ 44,000 68,800 $ 24,800 $ 24,800 44,000 68,800 $ 44,000 68,800 2 < Prev F2 80 F3 000 000 F4 F5 APR 1 9 of 20 Next > MacBook Air tv I A O AA DII DD F6 F7 F8 F9 % 6 & 2 3 4 5 W E R T Y U S D F G H * ( ) 8. 9 0 J K F10 0 P F11 Homework: Working Capital Ma... M Sample Five-Year Marketing Pla... M Question 9- Homework: Worki... Free APA Citation Generator (U Working Capital Management Assignment Saved Help d. Prepare a monthly cash budget for January through December using the cash receipts schedule from part b and the cash payments schedule from part c. The beginning cash balance is $5,000, which is also the minimum desired. Note: Negative amounts should be indicated by a minus sign. Leave no cells blank be certain to enter '0' wherever required. Bombs Away Video Games Corporation ences Beginning cash C aw Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance F1 Beginning cash Net cash flow Cumulative cash balance Monthly loan or (repayment) Ending cash balance Cumulative loan balance 08 F3 Cash Budget January February March $ 69 5,000 July Bombs Away Video Games Corporation Cash Budget August September April May June October November December < Prev 9 of 20 Next > MacBook Air F8 DA 000 OOD AA DII F4 F5 F6 F7 2 @ # $ 3 4 % 5 2 W S LU E D 96 R T Y LL G 29 & 7 H U 8 *> F9 F10 ( 9 0 F11 GE O P { J K L +