Business, 18.03.2020 04:16 alexcuevaz90
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April 66,000 76,000 May 56,000 66,000 June Sales 76,000 66,000 Production Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 40 % are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31 totals $185,000, which will be paid in April. All units are sold on account for $20 each. Cash collections from sales are budgeted at 50% in the month of sale, 35% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. Accounts receivable on April 1 totaled $641,000 ($111,000 from February's sales and $530,000 from March's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.
Answers: 3
Business, 21.06.2019 20:20
Molander corporation is a distributor of a sun umbrella used at resort hotels. data concerning the next month’s budget appear below: selling price per unit $ 29 variable expense per unit $ 14 fixed expense per month $ 12,450 unit sales per month 980 required: 1. what is the company’s margin of safety? (do not round intermediate calculations.) 2. what is the company’s margin of safety as a percentage of its sales? (round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.
Answers: 3
Business, 21.06.2019 23:30
Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u.s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?
Answers: 2
Business, 22.06.2019 11:30
Amano s preguntes cationing to come fonds and consumer good 8. why did the u.s. government use rationing for some foods and consumer goods during world war ii?
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Tilson Corporation has projected sales and production in units for the second quarter of the coming...
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