Yoshino, Inc., a merchandising​ company, has the following budgeted​ figures:     Jan Feb Mar April Sales ​$51,900 ​$69,000 ​$80,000 ​$91,000 Cost of goods sold ​50% of sales       Required ending inventory ​$15,000 +​ 20% of next​ month's sales       Inventory on hand on Jan 1 ​$27,000         Calculate the ending merchandise inventory for the month of March.   A. ​$33,200   B. ​$55,000   C. ​$40,000   D. ​$27,750

Q: Assume a merchandising company provides the following information from its master budget for the…

A: Sales are made on cash and credit basis. The amount to be collected from sales made on credit basis…

Q: Down Under Products' sales budget for the next four months is as follows: April May June July Unit…

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

Q: Rulz Company provides the following unit sales forecast for the next three months: February 4,400…

A: Given,   January February  March Sales Unit 3,200 4,400 5,200

Q: Lexi Company budgets unit sales of 1,980,000 in April, 1,240,000 in May, 600,000 in June, and…

A: The merchandise purchase budget is prepared to estimate the production requirements for fututre.

Q: Palmgren Company produces consumer products. The sales budget for four months of the year is…

A: Opening inventory  for July  = July  sales × 25% =31000×25% = 7750

Q: Funnel Manufacturing Company has provided the follwoing information: Month January February March…

A: Selling and administrative expense budget is the estimation of selling and administration cost…

Q: Baird, Inc. sells fireworks. The company's marketing director developed the following cost of goods…

A: Inventory purchase budget means = Cost of goods sold + Ending Inventory - Beginning Inventory…

Q: Production Budget Palmgren Company produces consumer products. The sales budget for four months of…

A: Solution:- Preparation of a production budget for the third quarter of the year as follows under:-…

Q: 2) Lines Company is a retailer that sells a single product. The company's inventories, production,…

A: A budget is an estimate of amount which is prepared by the management for various planning and…

Q: b) Assume the following budgeted data for June: • Purchases Selling and administrative expenses…

A: Every business makes estimates and forecasts for the future. These estimates are very important for…

Q: Avril Company makes collections on sales according to the following schedule: 30% in the month of…

A: A cash flow budget estimates your business's cash flow over a specific time period. You can use the…

Q: Two Brothers Moving prepared the following sales budget Month March April May June O$ 39,600 Credit…

A: Given, Month Cash Sales  Credit Sales  March $18,000 $13,000 April $39,000 $13,000 May…

Q: Question 2 The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had…

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: Seebold, Inc., has budgeted sales and production over the next quarter asfollows: July August…

A: Sales Budget: The sales budget is the budget prepared to estimate the revenue, the expected number…

Q: Assume that a merchandising company prepared the following sales budget: September October $ 600,000…

A: Cost of goods sold is the cost of the units sold to customers during the period. It is the…

Q: Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department…

A: A budget is an estimate of preparing a plan to manage the company's revenue and expenses based on…

Q: Bengal Company provides the following unit sales forecast for the next three months: July 12,000…

A: Budgeting is a method of estimating expected future outcomes based on past events. Budgeting…

Q: Johny Company is a merchandising company and has the following information: Month June July August…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Rusizi's budgeted income statement reflects the following amounts:   Sales Purchases Expenses…

A: Budgeted payment means the amount of money estimated or expected to be paid by the entity for future…

Q: Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: ssume a merchandising company provides the following information from its master budget for the…

A: Solution: cash collections from customers = Sales on account + Accounts receivable at beginning -…

Q: Seaworthy​ Company, a merchandising​ company, has prepared the following sales​ budget: Month…

A: Sales budget is prepared by the management of the company to forecast the sales for the upcoming…

Q: Tuscarora, Inc., a merchandising company, has the following budgeted figures: Sales Cost of goods…

A: Purchase Budget: It refers to a financial worksheet that is prepared by the company in order to…

Q: Blossom Design provided the following budgeted information for April through July: April May June…

A: Step 1:Cash budget is the estimation of budgeted cash recept & cash payment for the future…

Q: Palmgren Company produces consumer products. The sales budget for four months of the year is…

A: The production budget, which is established by a mix of the sales forecast and the anticipated…

Q: Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department…

A: Purchase budget: Purchase budget is prepared at the starting of the year to know the purchase…

Q: Customer amounts on account are collected 60% in the month of sale a sales. Oriole purchases and…

A: Budgeting involves estimating income and expenses over a given period. It is essentially a financial…

Q: Blue Spruce, Inc. provided the following information:     March   April   May   Projected…

A: Budgeted cash disbursement means the amount of expenses estimated to be paid in future period. This…

Q: Benton Company's sales budget shows the following expected total sales Month Sales January $20,ee0…

A:

Q: Palmgren Company produces consumer products. The sales budget for four months of the year is…

A: The sales budget is the estimation of required sales in a specific time period. The sales budget is…

Q: Ruiz Co. provides the following unit sales forecast for the next three months: January February…

A: Desired ending inventory for January = Budgeted sales for February x 15% = 4200*10% = 420 units

Q: Cranes, Inc. provided the following budgeted information for March through July: Projected sales…

A: Budgeted income can be calculated by deducting expenses from the sales revenue. It is the excess…

Q: Assume the following informaiton for Greg's Games for the month of June: Budgeted Cost of Goods Sold…

A: The option is as fallows

Q: Richard Miller, Coronado & Miller Fabricators' purchasing manager, has just completed the company's…

A: Ending Inventory - Ending Inventory is the inventory which is left not sold by the company.   Cost…

Q: Assume a merchandising company provides the following information from its master budget for the…

A: If there is no beginning and ending inventory, purchases is equal to the cost of goods sold.…

Q: The Gingham Company's budgeted income statement reflects the following amounts: Purchases $ 78,000…

A: A cash budget is prepared after preparing a schedule for cash receipts and cash payments. It…

Q: The Willsey Merchandise Company has budgeted $45,000 in sales for the month of December. The…

A: The purchase Budget is prepared to estimate the requirements for the purchase during the period.…

Q: Yoshino, Inc., a merchandising company, has the following budgeted figures: Jan Feb Mar April…

A: The formula for ending inventory of March  Given in the question  Required ending inventory = $15000…

Q: Center Company makes collections on sales according to the following schedule: 40% in the month of…

A: As a treasury function, cash collection refers to the process by which a company collects payment…

Q: Cullumber Design provided the following budgeted information for April through July: April May June…

A: Please see answer and computation below.

Q: Center Company makes collections on sales according to the following schedule: 30% in the month of…

A: Cash collection refers to cash collected from various sources. One such prominent source is cash…

Q: ssume a merchandising company provides the following information from its master budget for the…

A: Cash collection :— It is the amount of credit sales collected from customer during the period. It is…

Q: Time left 0:28:4 Fraser Company has forecast purchases on account to be $210,000 in March, $270,000…

A: A cash budget is an estimate of a corporation's cash flows for a given time span. A cash budget is…

Q: Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 60%…

A: Cost of goods sold = $300,000 x 60% Cost of goods sold = $180,000