Question
complete the scheules
Clarion Communications Company Detailed Operating Schedules Schedule a: Sales plan 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End Weighted average sales price Total Units - Credit sales, 100% $0 NOTE: Actual A/R should be collected in 1st and 2nd Quarters. Schedule b: Cash collections 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End From current quarter's sales $0 From sales 1 quarter before 1,438,322 1,438,322 From sales 2 quarters before 1,027,373 1,027,373 Total collections $1,438,322 $1,027,373 $0 $0 $2,465,694 Schedule c: Purchases plan in units 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End Desired units in ending inventory 0 Plus units sold - Total needed - - - - - Less beginning inventory - Required purchases 0 0 0 0 0 Schedule d: Purchases plan (dollars) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End Weighted average unit cost Desired ending inventory $ - Plus cost of goods sold - Total requirements - - - - $0 Less beginning inventory - Total purchases $0 $0 $0 $0 $0 Note: Actual A/P should be paid in 1st Quarter only. Schedule e: Cash pmts for purchases 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year End From accounts payable (12/31) $0 1st Quarter - 2nd Quarter - 3rd Quarter - 4th Quarter - Total payments $0 $0 $0 $0 $0
Explanation / Answer
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