Lexi Company forecasts unit sales of 1,040,000 in April, 1,220,000 in May, 980,000 in June, and 1,020,000 in July. Beginning inventory on April 1 is 280,000 units, and the company wants to have 30% of next month’s sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.

Q: Rampaga Limited is currently preparing budgets for September to December. Its estimated sales…

A: Inventories to be purchased in business means how many units of inventory to be purchased for…

Q: Shadee Corp. expects to sell 560 sun visors in May and 300 in June. Each visor sells for $15.…

A: CASH COLLECTION FROM CUSTOMER Cash Collection from Customer is one of the Important Part of Cash…

Q: In preparing a budget for the last three months of the current year, Cozy Company is planning the…

A: Production budget is budget which estimates the number of units which the company must produce or…

Q: Roberts Enterprises has budgeted sales in units for the next five months as follows:         June…

A: The production budget is one of the vital budgets which calculates how much units is to be…

Q: To meet projected annual sales, Bluegill Manufacturers, Inc. needs to produce 75,000 machines for…

A: The money a business makes from the selling of its products or the delivery of its services is known…

Q: Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales…

A: Proforma income statement is that income statement which is prepared on estimation basis. Under…

Q: A company has budgeted sales for January and February of 20,000 and 25,000 units, respectively. The…

A: Given the following information: Budgeted sales for January: 20,000 units Budgeted sales for…

Q: ABC Farm is preparing a collection budget for the year. Sales are expected to be P100,000 in…

A: Budgets are the forecasts or estimates that are made for future periods. These are quantitative…

Q: Ruiz Company provides the following budgeted sales for the next four months. The company wants to…

A: The sales estimate and the anticipated amount of completed goods inventory to be on hand are…

Q: 1. Calculate the cash receipts expected in October. 2. Calculate the cash needed in October to pay…

A:

Q: Larkspur Inc. has projected sales to be 18,000 units in January; 22,000 units in February; 14,000…

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

Q: Zilly Co. predicts sales of $400,000 for June. Zilly pays a sales manager a monthly salary of $6,000…

A: Selling expense budget: It refers to a financial plan that is prepared by the sales department and…

Q: A manufacturing company predicts sales of 220 units for May and 250 units for June. The company…

A: The production budget is defined as the statement which represents the estimated units to be…

Q: Croy Inc. has the following projected sales for the next five months:   Month Sales in Units April…

A: Budgeted production means how much units needs to be produced to achieve sales target and keeping…

Q: Blossom Company estimates that 2020 sales will be $40000 in quarter 1, $48000 in quarter 2, and…

A: A merchandise purchases budget is a budgetary arrangement that reports the absolute appraisals…

Q: Budgeted cash receipts February March

A: Schedule of cash collection includes collection of sales based on their % of collection in…

Q: Blue Wave Company budgets the following unit sales for the next four months: September, 3,000 units;…

A: Production budget :— This budget is prepared to estimate the number of units to be produced for…

Q: Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales…

A: Account Receivable (AR) balance is the amount of money that a company is owed by its customers or…

Q: Montel Company’s July sales budget calls for sales of $600,000. The store expects to begin July with…

A: Inventory is a big asset for an…

Q: The Company has budgeted unit sales for the next four months as follows:…

A: Units produced means the number of units made by the entity during a period. These can be computed…

Q: Pacific Highway Enterprises prepared the following sales budget for the first six months of 2018:…

A: Cash sales = (No. of units sold x sales price per unit) x 30% January Cash sales = (5000 units x…

Q: Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for…

A: Purchase budget: It implies to a financial forecast that shows the required quantity of material to…

Q: Harden, Incorporated, has budgeted sales in units for the next five months as follows: June July…

A: Production budget A production budget is a declaration that identifies the number of units that must…