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Calculate the temporary working capital needs for each of the four quarters for Automakers 'R Us.
The quarterly working capital levels for Hasbeen Toys are presented in the following table (in $ millions):
| Quarter | 1 | 2 | 3 | 4 |
| Current assets | ||||
| Cash | 605 | 625 | 175 | 1000 |
| Accounts Recievable | 585 | 745 | 1260 | 760 |
| Inventory | 410 | 540 | 725 | 375 |
| Current assets (A) | $1600 | $1910 | $2160 | $2135 |
| Current liabilities | ||||
| Accounts payable | 835 | 910 | 1055 | 1145 |
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- Company ABC has the following Monthly Incurred Costs for the Year 2021: January = P 174, 000.00 February = P 135,200.00 March = P 200,000.00 April = P 230,000.00 May = P 260,000.00 June = P 132,000.00 July = P 35,000.00 August = P 340,000.00 September = P 170,000.00 October = P 30,000.00 November = P 230,000.00 December = P 180,000.00 What is the Equivalent Uniform Quarterly Cost incurred by the company the the available Interest rate is 12% compounded semi-annually.Armin, Inc. had the following economic data for 2019 (refer to the attached picture): What is Armin’s breakeven point in 2019? net sales 400,000 contribution margin 160,000 margin of safety 40,000Sheridan Construction Company has entered into a contract beginning January 1, 2025, to build a parking complex. It has been estimated that the complex will cost $596,000 and will take 3 years to construct. The complex will be billed to the purchasing company at $902,000. The following data pertain to the construction period. Costs to date Estimated costs to complete Progress billings to date Cash collected to date (a) $256,280 339,720 270,000 Gross profit recognized in 2025 Gross profit recognized in 2026 2025 Sok and Media 240,000 Gross profit recognized in 2027 $ GA $ LA 2026 Using the percentage-of-completion method, compute the estimated gross profit that would be recognized during each year of the construction period. (If answer is 0, please enter O. Do not leave any fields blank.) 5 $429,120 166,880 555,000 505,000 2027 $606,000 902,000 902.000
- Shields Company is preparing its interim report for the first quarter ending March 31. The following payments were made during the first quarter: The amount that will be reported in the quarter is the Expenditure Date Amount Annual advertising January $800,000 Property tax for the fiscal year February 350,000 March 260,000 Annual equipment repairs O a $352,500 Ob$1,410,000 Oc. $0 Od $1,060,000Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: A. $2 255 000 B. $2 185 000 C. $2 645 000 D. $2 000 000Calculate the Following: 2022 Revenue: $600,000 Net units sold in 2022: 3,000 access points 2022 ending total units: 3,500 access points Monthly revenue per unit (ARPU) = ? Monthly gross margin per unit (AMPU) = ? One time cost per unit (access point and licensing): $400 One time cost for sales compensation per unit: $100 One time cost per unit to install service: $84 Monthly support costs per unit: $1.50 Payback period per unit sold = ? Contract term: 36 months Instructions: Based upon fictitious data points in the above table please calculate: 1. Monthly revenue per unit (ARPU) 2. Monthly Gross Margin per unit ( AMPU) 3. Payback period per unit sold (How long will it take in months to start making profit off of 1 unit sold)? Once calculated explain your findings in a short analysis and recommendations you have associated with the findings.
- Data Section - PROVIDED BY THE CLIENT Unit Sales Sales are expected to increase by 5% every month. The total sales for the Fiscal Year 2022 is 15% higher than the total sales for 2021. April May 15,000 10,000 June 16,000 July August September 14,000 15,000 Fixed Assets Cost 12,000 Land 150,000.00 Building 205,000.00 10 year depreciation, bought on May 31, 2021, Work Ethics Gen. Mdse uses the Declining Balance Method collections from customers: Office Equipment 100,000.00 20% are acquired on May 31, 2021 Cash $8.000 20% are acquired on August 31, 2021 Accounts receivable 107,800 20% are acquired on October 31, 2021 Merchandise inventory 52,800 20% are acquired on December 31, 2021 530,000 $698,600 Fixed assets (net) 20% are acquired on March 31, 2021 Total assets Use the Straight Line Method (5 years) Machinery 75.000.00 5 year Accounts payable (merchandise) Loans Payable Owner's equity Total liabilities & equity $74,800 $400,000 5 year loan, 12% interest taken out on May 31, 2021, paid…Rookie Construction Limited (RCL) entered into a contract to construct a building for $975,000. The contract provided for progress payments. RCL's accounting year ends December 31 Work began under the contract on August 1, 2020, and was completed on October 31, 2022. ROCL uses the percentage-of completion method to account for this long-term contract. Construction activities are summarized below 2020 $180,000 630,000 153,000 140,000 2021 $630 000 190 000 535,500 229 000 2022 $825 000 Construction costs incurred to date Estimated remaining costs to complete Progress Billings to date Cash Collections during the year 975 000 960 000In 2024, KP Building Incorporated began work on a four-year construction project (called Cincy One). The contract price is $460 million. KP recognizes revenue on this contract over time according to percentage of completion. At the end of 2024, the following financial statement information indicates the results to date for Cincy One: INCOME STATEMENT: Gross profit (before-taxes) recognized in 2024 $ 43 million BALANCE SHEET: Accounts receivable from construction billings $ 30 million Construction in progress $ 86 million Less: Billings on construction $ (96 million) Net billings in excess of construction in progress $ 10 million Required: Compute the following, placing your answer in the spaces provided and showing supporting computations below. Note: Round your percentage answer to the nearest whole number. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
- On January 1, 2022, Winter Harvest Ltd. started a construction project for $4,500,000. Relevant data for 2022 and 2023 are as follows: 2022 2023 Current year construction costs $ 3,300,000 $ 620, 000 Estimated remaining costs to complete 600,000 - 0- Current year billings 3, 100, 000 1,400,000 Current year collections 3,000,000 1,500, 000 Required 1. Calculate the following amounts for each method: 2. Completed Contract Percentage of Completion 2022 2023 2022 2023 Gross Profit $ ? $ ? $ ? $ ? Construction in progress year - end balance. $ ? $ ? $ ? $ ? Costs in excess of billi\table[[, \table[[Completed], [Contract]], \table[[Percentage of], [Completion]]], [, 2022, 2023, 2022, 2023], [Gross Profit,$?, $?, $ ?, $?ngs (Billings in excess of costs) $ ? $ ? $ ? $ ?1. Complete the following table: Purchase priceof product Downpayment Amountfinanced Number of monthly payments Amount of monthly payments Total of monthly payments Total financecharge Chevy Volt $21,000 $11,000 $ 60 $210 $ $The current asset section of the Moorcroft Outboard Motor Company's balance sheet reported the following amounts: Accounts receivable, net The average collection period for 2021 is 50 days. 12/31/2021 12/31/2020 $500,000 $400,000 Required: Determine net sales for 2021. (Use 365 days in a year. Do not round intermediate calculations.) Net sales $ 450,000
