Johnston Bookstore is the bookstore on campus for students and faculty. The bookstoreE9-18A Sales budget for a retail organization (Learning Objective 2)shows the following sales projections in units by quarter for the upcoming yearSchool SuppliesApparelMiscellaneousQuarterBooks1,5702005806901st......2nd8001903305403rd1,7902408808904th670180540440The average price of an item in each of the departments is as follows:Average sales price per unitBooks..$85School suppliesApparel..Miscellaneous.$18$29$ 6RequirementPrepare a sales budget for the upcoming year by quarter for the Johnston Bookstore,with sales categorized by the four product groupings (books, school supplies, apparel,and miscellaneous).

Budget is prepared at the beginning of the period that includes expected revenues and expense.

Answered: Johnston Bookstore is the bookstore on…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Compute for the Fixed Cost Rhea Company manufacture laptops, preparing the next year budget the accountant complied these data. Month Machine Hours Electricity Cost Jan 8,000.00 92,040.00 7,000.00 80,760.00 6,500.00 75,120.00 6,000.00 69,480.00 6,000.00 69,480.00 3,500.00 41,280.00 7,000.00 80,760.00 8,600.00 98,808.00 3,700.00 43,536.00 5,000.00 58,200.00 9,600.00 110,088.00 10,000.00 114,600.00 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1,700 73,320 2 500
2.1
QUESTION 3 Hercules Health Club provides the following information regarding their expected inventories of supplies and other materials. Month Individual membership Family Membership Beginning Inventory (5) (number) 300 $4,000 600 300 $4,000 650 310 $5,000 April 660 320 $5,000 Hercules Health Club also informs you that each individual member is expected to consume $11 worth of supplies and each family is expected to consume $24 worth of supplies each month. Calculate the budgeted amount of supplies budgeted for the quarter beginning January, O$41,090 Ob$12,700 January February March (number) 500 O $15,590 Od $29.390 O e-$42,090
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Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $8,860 Purchase season football tickets in September 120 Additional entertainment for each month 310 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 430 Pay for food each month 240 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,100 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig Kovar Cash Budget For the Four Months Ending December 31 September…
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Personal Budget At the beginning of the school year, Katherine Malloy decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer $5,750 job) Purchase season football tickets in September 210 Additional entertainment for each month 275 Pay fall semester tuition in September 3,700 Pay rent at the beginning of each month 600 Pay for food each month 235 Pay apartment deposit on September 2 (to be 500 returned December 15) Part-time job earnings each month (net of 1,400 taxes) a. Prepare a cash budget for September, October, November, and December. Enter all amounts as positive values except an overall cash decrease which should be indicated with a minus sign. Katherine Malloy Cash Budget For the Four Months Ending December 31 September…
Print Item Personal Budget At the beginning of the school year, Craig Kovar decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay the spring semester tuition, which is the same as the fall tuition. The following information relates to the budget: Cash balance, September 1 (from a summer job) $9,250 Purchase season football tickets in September 160 Additional entertainment for each month 250 Pay fall semester tuition in September 4,800 Pay rent at the beginning of each month 600 Pay for food each month 550 Pay apartment deposit on September 2 (to be returned December 15) 600 Part-time job earnings each month (net of taxes) 1,200 a. Prepare a cash budget for September, October, November, and December. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Craig KovarCash BudgetFor the Four Months Ending December 31…
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