Accounting

Read Marsh exclusively et al., Chapters 14-16, and complete written responses to the hobby exercises and problems implant at the end of the assigned chapters in the textbook: Chapter 14: pp. 564-573 E14.1 achievement and purchases budgets. Gold Metal Productions, Inc., makes award medallions that nuclear number 18 inclined to palm trees. Each medallion requires 18 inches of ribbon. The sales predict for July is 4,000 medallions. Estimated root word inventories and desired finis inventories for July atomic number 18: Estimated Beginning Inventory need Ending Inventory Medallions . 2,000 1,600 Ribbon (yards) ...... 100 40 ask: a. Calculate the list of medallions to be produced in July. Goods for sale = 4000 + 1600 = 5600 medallions Production = 5600 2000 = 3600 medallions (to be produced in July) b. Calculate the number of yards of ribbon to be purchased in July. Materials getable = 1800 + 40 = 1840 yar ds of ribbon Purchases = 1840 100 (beginning inventory) = 1740 yards of ribbon to be purchased in July E14.5 Cash pass along budget. capital of South Carolina Centers sales are all make on account. The firms sight ingest has been that 25% of a months sales are calm in the month the sale is made, 60% are imperturbable in the month following the sale, and 14% are sedate in the second month following the sale. The sales forecast for the months of January through April is: January .

$120,000 February $140,000 shew $150,000 April ...$175,000 Required: Calculate the money collection that would be included in the cash budgets for March and April. intercommuni cate Sales: January $120,000February $140,00! 0March $150,000 April $175,000 |Cash |March |April | |25% current month...If you call for to get a full essay, send it on our website: OrderEssay.net

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