Question 17-/1View PoliciesCurrent Attempt in ProgressA company budgeted unit sales of 124000 units for January, 2017 and 140000 units for February 2017. Thehas a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unitsales. If there were 37200 units of inventory on hand on December 31, 2016, how many units should be produced inJanuary, 2017 in order for the company to meet its goals?companyO 166000 unitsO 119200 unitsO 128800 unitsO 124000 units(aD11? Ahp१०४shoilprt schomedelete44%unubackspace6PWOUnterKGpauset shihctriΣIcO

Answered: Question 17 -/1 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Market Leasing budgeted credit sales in the first quarter of 2014 to be as follows: January $210,000 February 190,000 March 170,000 The budgeted beginning cash balance at February 1 is expected to be $14,000 and budgeted monthly cash disbursements are expected to be $198,000. Credit sales in December, 2013 are expected to be $204,000. The company expects to collect 20% of a month’s sales in the month of sale and 80% in the following month. How much is the budgeted cash balance at the end of February?
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& EXIT Submit Questions #1 Down Under Products, Ltd., of Australia, has budgeted sales of its popular boomerang for the next four months as follows: Sales in Units 50,000 April May 75,000 June 90,000 July 80,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's sales. The inventory at the end of March was 5,000 units. (Australia's currency is the Australian dollar.) Required: Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total. DOWN UNDER PRODUCTS, LTD. Production Budget April May June Quarter Total needs
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Part B Tamy Sdn Bhd produces wooden desks. The following estimates are provided for the month of May, June, July and August 2021. Budgeted wooden desk sales in units 8,000 7,000 6,000 5,000 May June July August The estimated selling price is RM120 per unit. Tamy Sdn Bhd wants to have 10% of the next month's sales in units on hand at the end of each month. REQUIRED a) Prepare the sales budget for the month of May, June , July and Total 2021. b) Prepare the production budget for the month of May, June, July and Total 2021.
Question 18 -/1 View Policies Current Attempt in Progress At January 1, 2016, Concord Corporation has beginning inventory of 4000 surfboards. Concord estimates it will sell 8000 units during the first quarter of 2016 with a 12 % increase in sales each quarter. Concord's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2016? ort O $10035.20 O $450000 O $1505280 O 1650000 e 8:53 PM 11/27/2019 hp rt sc delete end DO On & 6 8 backspace lock P 7 home dn Bd K enter 6 pause N T shitt end l ww USE YOUR SMARTPHONE FOR Reviews Videos Features ינ Specs Support SCAN

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