What is the expected revenue for the three months from October to December?
Q: Prepare a quarterly production budget. Assume that the sales forecast for the first quarter of the…
A: The production budget is prepared to know how much production should be done in order to support the…
Q: Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19.…
A: To calculate Shadee Corp.'s total cash receipts for August and September, we need to consider both…
Q: Cherboneau Novelties produces drink coasters (among many other products). During the current year…
A: Production Budget:— This budget is prepared to estimate the number of units to be produced for…
Q: Cash Accounts receivable Inventory Budgeted Balance Statemen July 31, 2021 Assets
A: *Estimated account receivable turnover: Credit sales = 345000×80% = $276000 Out of $276000, 30% will…
Q: Shadee Corporation expects to sell 550 sun shades In May and 380 In June. Each shades sells for $17.…
A: Total cash receipts in a budget refer to the sum of all the cash inflows or revenues that an…
Q: Morty industries has projected sales of its product for the next 6 months: Jan 300 units, Feb 700…
A: Inventory purchase budget :— This budget is prepared to estimate the value of purchases made for…
Q: Victory Enterprise manufactures cabinets. Projected sales in units are as follows: October – 4.600…
A: We have to compute the goods produced in December Month WN-1 Computation of opening inventory,…
Q: A firm expects to achieve the following level of sales, to make the following purchases of raw…
A: The account receivables represents the amount due from customers. The account receivables are…
Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…
A: Cash flow statement: The statement that shows an increase or decrease in the cash and cash…
Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…
A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…
Q: es Shadee Corporation expects to sell 540 sun shades in May and 450 in June. Each shades sells for…
A: The sales budget is prepared to estimate the sales revenue for the current period. The cash…
Q: .) Brinso Supply Corporation manufactures and sells cotton gauze. Expected sales of gauze (in boxes)…
A: The production budget is based on the sales and is prepared after the sales budget. The production…
Q: Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,200 units;…
A: Here in this question, we are required to prepare production budget. Budget is an estimation made…
Q: Shadee Corporation expects to sell 590 sun shades in May and 330 in June. Each shades sells for $13.…
A: The budget is prepared to estimate the requirements for the period. The cash receipts schedule is…
Q: Sunlight Company forecasts purchases of 30,000 widgets in June. It sells the widget at $14.00 per…
A: Production budget is used to estimate the units should be produced for the sale. It can be…
Q: What are the materials purchases costs for February?
A: The direct material purchase budget is a budget prepared for a future period to calculate the…
Q: Required: Calculate Shadee's total cash receipts for August and September, Note: Do not round your…
A: Cash budget is prepared by a business entity to anticipate the expected cash requirements for the…
Q: sales. Each surfboard costs $126 and is sold for $215. How much is budgeted sales revenue for the…
A: Sales revenue for the fourth quarter 2816835.94
Q: Croy Inc. has the following projected sales for the next 5 months: Month Sales in Units…
A: Production budget shows how much units needs to be produced for estimated sales and maintaining the…
Q: es Shadee Corporation expects to sell 560 sun shades in May and 410 in June. Each shades sells for…
A: CASH BUDGETA cash budget is an estimation of the cash flows of a business over a specific period of…
Q: One Device makes universal remote controls and expects to sell 500 units in January, 800 in…
A: Production budget is prepared to estimate the number of units to be produced by a firm with the help…
Q: Shadee Corporation expects to sell 580 sun shades in May and 410 in June. Each shades sells for $15.…
A: In accounting, budgeting refers to the process of creating a financial plan for a specific period,…
Q: Calculate the expected total cash collections for July
A: Cash and cash equivalents (CCE) - is one of the important elements of the balance sheet which are…
Q: OfficeMart Inc. has “cash and carry” customers and credit customers. OfficeMart estimates that 30%…
A: A cash collection schedule means showing a pattern in which a business expects to collect cash from…
Q: Hardy Company's cost of goods sold is consistently 70% of sales. The company plans ending…
A: Inventory means the detailed list or stock of items, goods, or materials held by a business or…
Q: Croy Incorporated has the following projected sales for the next five months: Month Sales in Units…
A: Production budget:— This budget is prepared to estimate the number of units to be produced for…
Q: Meadow Company produces hand tools. A sales budget for the next four months is as follows: March…
A: Number of units to be produced in March = Ending finished goods inventory + Budgeted sales -…
Q: Alpha CD Company has a sales budget for next month of P150,000. Cost of goods sold is expected to be…
A: For the calculation of ending accounts payable, It is required to know the balance of the total…
Q: McKnight Manufacturing produces self-watering planters for use in upscale retail establishments.…
A: The direct material purchase budget is the statement that is prepared by the entity for the purpose…
Q: J.TOY Inc., was organized on August 1 of the current year. Projected sales for the next three months…
A: There are three conditions of cash collection: Cash sales is 40% of total sales and 60% on…
Q: Olympia, Inc. manufactures electric bicycles. The company desires to end each month with finished…
A: Production Budget -Production Budget is a part of the budgeting technique. Under this schedule of…
Q: Bailey manufactures dolls and estimates sales of $120,000 for November, $100,000 for December, and…
A: Cash budget is one of the important form of budget being prepared in business. This shows all cash…
Q: Simpson Glove Company has made the following sales projections for the next six months. All sales…
A: Budget means the expected value of future. Budget will be compared with actual value and variance is…
Q: Shadee Corporation expects to sell 570 sun shades in May and 440 in June. Each shades sells for $12.…
A: CASH BUDGET A cash budget is an estimation of the cash flows of a business over a specific period…
Q: the next three months as follows: July 4,800 units, August 6,300 units, and September 8,300 units.…
A: Budgeted sales units = 4,800 Variable selling and administrative expenses per unit = $6 Fixed…
Q: Trapper Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 309 bikes in…
A: Production Budget :— This budget is prepared to estimate the number of units to be produced for the…
Q: Redfield Company has prepared the following forecasts of monthly sales: Sales in units January,…
A: Desired ending inventory for February = Budgeted sales for March x 75% = 4200 x 75% = 3150
Q: La Ying Lives produces leather handbags. The production budget for the next four months is: July…
A: Total leather require for July production = Budgeted production for July x lether required per unit…
Q: Ben Company has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000…
A: Information given in the above question is as follows: Sale forecast for the next quarter are given…
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: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…
A: The budget is prepared to estimate the requirements for the current period. The purchases budget is…
Q: Cahuilla Corporation predicts the following sales in units for the coming four months: Sales in…
A: Budgeted Production units :— It means estimated Units of Product Manufactured Or Produced. It is…
Q: Angelo Limited is preparing its budget for the next year. It produces and sells a single product.…
A: Following are the answers to the given questions
Q: Sohar Company. estimates its sales at 180,000 units in the first quarter and that sales will…
A: A manufacturing company is a business that is focused on the production of goods to the customers as…
Q: Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in…
A: Here in this question, we are required to prepare production budget. Budget is a estimation of…
|
Month
|
Sales
|
|
October
|
10,000
|
|
November
|
14,000
|
|
December
|
13,000
|
Finished goods inventory
at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. The company expects to sell the lamps for $25 each. January 2018 sales is projected
at 16,000 lamps.
What is the expected revenue for the three months from October to December?
Question 17 options:
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Vertical Ladder Company (VLC) forecasts its sales for January through April will be $40,000, $60,000, $100,000, and $90,000, respectively. All sales are made on credit, and it is expected that 40 percent of sales will be collected in the month of the sale and the remainder will be collected the month following the sale. Customers who pay in the month of the sale will take the 2 percent cash discount VLC offers for paying early. VLC normally purchases and pays for raw materials, which cost 45 percent of sales, one month prior to selling the finished products. Employees' wages represent 20 percent of sales and rent is $6,000 per month. At the beginning of February, VLC expects to have $4,000 in cash, which is $1,000 greater than its target cash balance. Using the information provided, construct VLC's cash budget for February and March. Round your answers to the nearest dollar. Use a minus sign to enter a negative value, if any. If your answer is zero, enter "0". February March…Vishnu(Production schedule) The projected sales, in units,for Einstein Inc. By month for the first four months were January 8,000 February 12,000 March 16,000 April 19,200 Inventory of finished goods on December 31 was 6,400 units. The company desired to have an ending inventory each month equal to one-half of next month's estimated sales. Determine the company's production requirements for each month of the first quarter
- Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 240 280 300 240 Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 finished goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted production for May is: Select one: a. 288 units. b. 400 units. c. 232 units. d. 280 units. e. 168 units. Clear my choiceValley's managers have made the following additional assumptions and estimates: Estimated sales for July and August are $345,000 and $315,000 respectively Each month's sales are 20% cash sales and 80% credit sales. Each month's credit sales are collected 30% in the month of the sale and 70% in the month following the sale. All of the accounts receivable at June 30 will be collected in July Each month's ending inventory must equal 20% of the cost of the next month's sales. The Cost of Goods Sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July Monthly selling and administrative expenses are always $75,000. Each month $10,000 of this total amount is depreciation expense and the remaining $65,000 relates to expenses that are paid in the month they are incurred The company does not plan to buy or sell any plant and…Omega DB Company has a sales budget for next month of P150,000. Cost of goods sold is expected to be 40 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is P5,000, and an ending inventory of P6,000 is desired. Beginning accounts payable is P38,000.For Omega DB Company, the ending accounts payable should be
- Sunland Company estimates its sales at 180000 units in the first quarter and that sales will increase by 17000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at O $5273500. O $3026500. O $4387000. O $6057389.Valley's managers have made the following additional assumptions and estimates: Estimated sales for July and August are $345,000 and $315,000 respectively Each month's sales are 20% cash sales and 80% credit sales. Each month's credit sales are collected 30% in the month of the sale and 70% in the month following the sale. All of the accounts receivable at June 30 will be collected in July Each month's ending inventory must equal 20% of the cost of the next month's sales. The Cost of Goods Sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July Monthly selling and administrative expenses are always $75,000. Each month $10,000 of this total amount is depreciation expense and the remaining $65,000 relates to expenses that are paid in the month they are incurred The company does not plan to buy or sell any plant and…Beckett Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 850 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound. Read the requirements. Data table For the Months of January through March January February March Quarter Number of planters to be sold Units to be produced 3,425 3,400 3,525 10,350 January. 3,400 4 Multiply by: Quantity of direct materials needed per unit Quantity needed for production February 3,500…
- At January 1, 2022, Oriole Company has beginning inventory of 3000 surfboards. Oriole estimates it will sell 11000 units during the first quarter of 2022 with a 10% increase in sales each for the following quarters. Oriole's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $155. What is the budgeted sales revenue for the third quarter of 2022 $2247500 $2063050 $13310 5542500Ed's Waterbeds has made the following sales projections for the next six months. All sales are credit sales. March $ 12,000 June $ 14,000 April 16,000 July 17,000 May 10,000 August 18,000 Sales in January and February were $13, 500 and $13,000 respectively. Experience has shown that 10 percent of total sales are uncollectible, 30 percent are collected in the month of sale, 40 percent are collected in the following month, and 20 percent are collected two months after sale. a. Prepare a monthly cash receipts schedule for the firm for March through August. Ed's Waterbeds Cash Receipts Schedule January February March April May June July August Sales $ $ $ $ $ $ $ $ Collections of current sales Collections of prior month's sales Collections of sales 2 months earlier Total cash receipts $ $ $ $ $$b. Of the sales expected to be made during the six months from March to August, how much will still be uncollected at the end of August? How much of this is expected to be collected later? Amount…MAXI Co. has the following information: *Projected sales for four (4) months are as follows: July-20,000 units; August -35,000 units ; September-25,000; October-30,000. Sales price per unit is $180 *Plans are to have a finished goods inventory end equal to 20% of the unit sales for next month. There was 4,000 units in beginning inventory on July 1. *Three (3) kilos of materials are required per unit produced. Every kilo of material is $20. Raw material inventory must be equal to 30% of the next month's needs . Desired ending inventory for September is 25,200 kilos and beginning inventory was 20,700 kilos. *Each unit requires 0.60 hours of direct labor and the average wage rate is $16 per hour. *Variable overhead rate is $3.50 per direct labor hour. There is also a fixed overhead of $22,000 per month. *The company pays 3% commission on sales. *Company has a monthly fixed and selling expenses as follows: Rent-$6,000 ; Utilities-$1,200 ; Advertising-$400: Office Salaries-$35,000.…
