Week 1 Quiz

ndow Help mework.pdf Aa v Question 5 You have been recently hired as general manager of Lucky's. It is September 1, and you must prepare the operating budget of this establishment for the first quarter of the upcoming calendar year, and submit it to the corporate office. Since you have been at the operation for only a month or so, you must rely solely on historical data. You gather sales reports and records for the months of January through August of the current year. Using the data provided, prepare the operating budget for Lucky's for the months of January through March of the upcoming year. Here is the information you determined from the most recent sales and costs records: Sales are 10 percent higher than those of the same month during the previous year. Food cost percentage is steady at 32 percent. Fixed labor costs are steady at $9,000 per month. Variable labor costs are 15 percent of sales. Occupancy costs will remain steady at $2,000 per month. Other controllable costs are…

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**Please answers questions 2-4**You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country.  In the past, the company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.  Since you are well trained in budgeting, you have decided to prepare a master budget for the upcoming second quarter.  To this end, you have worked with accounting and other areas to gather the information assembled below. The company sells many styles of earrings, but all are sold for the same price - $10 per pair.  Actual sales of earrings for the last three months and budgeted sales for the next six months follow (in pairs of earrings): January (actual).....  20,000 June (budget).....  50,000 February (actual).....  26,000 July (budget).....  30,000 March (actual).....  40,000 August (budget).....  28,000 April (budget).....  65,000…

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Can you solve this financial accounting question using valid financial methods?

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

please answer   with working please answer  with everything  like explanation , computation , formulation with steps no copy paste please answer in text not image thanks  need complete and correct answer please remember answer all or leave answer all or skip

Please include the excel formulas too! If someone can help me I will give a thumbs up! Please help me with the last two sections that are not filled out yet. Zoom in to see the images clearer. Thanks! :)

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Required 1. Prepare a cash receipts budget schedule for each of the first three months (July – September), including the total receipts per month 2. Prepare a material purchases budget schedule for each of the first three months (July – September), including the total purchases per month 3. Prepare a cash budget for the month of July. Include the owners’ cash contributions

Hello i have attached two pictures. They are both used together to answer the question. The first picture is the information to use too answer the question. The second attachment is the for the answer. I hope it is understandable and whoever answer this can please explain how they got the answers. I need the help

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Calculate the cash receipts $ for the month of September. Calculate the material purchase $ for the appropriate months. Calculate the accounts payable payments for the month September. Calculate the accounts payable balance on the Balance Sheet for the month September. Prepare a cash budget for the month of September.

Complete d through g please and thank you

A6

Tutorial software tester Autumn Watts is paid by the day either on a piecework basis or at an hourly rate of an 8-hour day, whichever is greater. She is paid $1.50 per problem tested or $10.20 per hour. Autumn's production for a week is shown below. Hourly Employee Production (problems tested) Gross Earnings Rate M W Th F Watts, A. 63 67 65 66 64 $10.20 Daily wages XXXXXX What are Ms. Watts's gross earnings?

General Accounting Question need help

please help me with the formulas that are needed to get the correct answer for each blank cell provided. thank you and have a good week

ttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com... Homework Problems i September-actual October-actual November-estimated December-estimated Total estimated for the current year Saved Units 40,000 60,000 80,000 50,000 800,000 Barnum Distributors wants a projection of cash receipts and cash payments for the month of November. On November 28, a note will be payable in the amount of $98,500, including interest. The cash balance on November 1 is $29,600. Accounts payable to merchandise creditors at the end of October were $217,000. The company's experience indicates that 70 percent of sales will be collected during the month of sale, 20 percent in the month following the sale, and 7 percent in the second month following the sale; 3 percent will be uncollectible. The company sells various products at an average price of $11 per unit. Selected sales figures are as follows. Help Budgeted operating expenses for…

Please include the excel formulas too! If someone can help me I will give a thumbs up! Please help me with the last two sections that are not filled out yet. Thanks! :)

Hh.: subject: account