please show your work Shown below is the sales forecast for Cooper Inc. for the
ID: 2488337 • Letter: P
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please show your work
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Apr Cash sales $15,000 $24,000 $18,000 $14,000 $100,000 $120,000 $90,000 $70,000 Credit sales On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is A. $138,000 B. $122,000 C. $119,000 D. $108,000 The following data have been taken from the budget reports of Brandon company, a merchandising company. Purchases Sales January $160.000 $100,000 February $160,000 $200,000 March $160,000 $240,000 April $140,000 $300,000 May $140,000 $260.000 June $120,000 $240,000 Forty percent of purchases are paid for in cash at the time of purchase, and 30% are paid for in each of the next two months. Purchases for the previous November and December were $150,000 per month. Employee wages are 10% of sales for the month in which the sales occur. Selling and administrative expenses are 20% of the following month's sales. (July sales are budgeted to be $220,000.) Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be: A. $140,000 B. $254,000 C. $200,000 D. $248,000 Walsh Company expects sales of Product W to be 60,000 units in April, 75,000 units in May and 70,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 40% of the next month's expected unit sales. Due to excessive production during March, on March 31 there were 25,000 units of Product w in the ending inventory. Given this information, Walsh Company's production of Product W for the month of April should be: A. 60,000 units B. 65,000 units C. 75,000 units D. 66,000 unitsExplanation / Answer
Therefore option C 119000
7) A static is one which is not flexible enough thereofre a staic budget should be compared with teh flexible one see to it whether static budget is beneficial to the company or flexible one thereofre option B
8) Difference in price multiply with quantity will always gives the price variance therefore option C price variance
2)
Therefore the option is B
10) Option B more material is used than purchase because there is not much production
9) option B) Both the material quantity and material price is responsible by the production manager becuase they give the details for the quantity to be purchase and sold
3)
Thereofre the answer is 65000 option B
5)
Answer is option A 82500 for second quarter
1) JAN FEB mar april cash sales 15000 24000 18000 14000 credit sales 100000 120000 90000 70000 collection 50 % same month 50000 60000 45000 35000 collection 30 % next month 30000 36000 27000 Remainig 20 % 20000 24000 Total collection cash + credit 65000 114000 119000 100000Related Questions
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