800 units 900 units chown that th
Q: Please provide answer as same format in question. Thanks.
A: Value and Non Value added 'costs A cost that raises the excellence of a service or product or…
Q: Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If…
A: The bonds are the financial instruments for the business that are used to raise money from the…
Q: On December 29, 2021, Patel Products, Incorporated, sells a delivery van that cost $20,000. The…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: BioWare's year-end unadjusted trial balance shows accounts receivable of $26,000 and sales of…
A: In this question, we need to pass journal entry for bad debt expense for the year ended December 31.…
Q: At the beginning of the year, a company estimates total overhead costs of $750,000. The company…
A: The amount of applied overhead should be calculated based on the predetermined overhead application…
Q: The management of Furrow Corporation is considering dro upcoming year appear below: Sales $970,000…
A: Financial advantage (disadvantage) is based on the current income and income after discontinuing the…
Q: The charter for WPAC-TV, Inc. authorizes the company to issue 100,000 shares of $4, no-par preferred…
A: Share: It implies to a unit of company's equity that is owned by the shareholder. Shareholder is…
Q: Prepare the journal entry for issuing a bond when it sells at face value, at a premium and at a…
A: Bonds Issued at par Particulars Debit Credit Cash/Bank A/c xxx…
Q: A plant manager who supervises workers manufacturing products, plans for production, and ensures…
A: Answer - a) Operations
Q: Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest is…
A: Formula to calculate monthly mortgage payments: =P x r x(1 + r)n / [ (1+r)n-1] here, P = Principal…
Q: Required Calculate the budgeted fixed-MOH rate for each possible denominator level. Further,…
A: Budgeted Production (in units) 5,000 4,000 3,500 Variable operating cost per unit 45 45…
Q: The following items were selected from among the transactions completed by Sherwood Co. during the…
A: Journal Entries - Journal Entries are used to record transactions entered into by the company. It is…
Q: Which statement regarding investments in equity securities is incorrect? O Significant influence…
A: The Business entities generally issued the securities so as to satisfy the needs of funds…
Q: A corporation that had 26,200 shares of common stock outstanding declared a 5-for-1 stock split. a.…
A: Journal entry is a primary entry that records the financial transactions initially. The transactions…
Q: On December 31 of Swift Company's first year, $57,000 of accounts receivable was not yet collected.…
A: Net realizable value of accounts receivable = Accounts receivable - Allowance for doubtful accounts…
Q: Coa Corporation recently needed to find temporary inventory storage space when transitioning from an…
A: Finance lease is the lease where the lessor transfer the ownership rights to the lessee at the end…
Q: Which of the following describes the investing activities as shown in the statement of cash flows?…
A: Investing activities are the events or transactions which are incurred in relation to the…
Q: Problem 1-Tax on interest income Lebron James, an American basketball player received P500,000…
A: The interest received from the banks is subjected to the taxes and that is considered as income and…
Q: Morgan Corporation has excess cash to invest and pays $100,000 to buy 7%, five-year bonds of Roberts…
A: Held-to-maturity instruments are the securities that are acquired by the organization with the…
Q: When a company collects the face value of a long-term investm both assets and equity of the firm…
A: Company investment money in the bonds and equity of another company to earn return on investment and…
Q: Calculate the tax property Rate Meet the required to budgetary demands of the demands of the…
A: Property tax is a tax paid on assets owned via means of a person or a different prison entity,…
Q: Earl Miller, owner of a Papa Gino’s franchise, wants to buy a new delivery truck in 6 years. He…
A: Future value: It implies to the value of particular series of cash flows in future at a specific…
Q: As a result of a slowdown in operations, Tradewind Stores is offering employees who have been…
A: present value of future cash flows is a method of discounting cash that you expect you receive in…
Q: The records of Fremont Corporation’s initial and unaudited accounts show the following ending…
A: In production cost report,equivalent units need to be calculated for each head separately: material,…
Q: Will this redemption of 500 shares of Matthew’s stock be treated as a qualified stock redemption or…
A: Matthew is shareholder of Shetland Corporation holding 1,000 shares of the company and is going to…
Q: U3 Company is considering three long-term capital investment proposals. Each investment has a useful…
A: The difference between the present value of cash inflows and the present value of cash outflows over…
Q: On January 1, 2025, First Secure Services issued $130,000 of 10% bonds that mature in ten years.…
A: Whenever a firm issues bonds to earn cash, bonds payable are usually recorded. The corporation seems…
Q: Using semiannual compounding, find the prices of the following bonds: a. A 9.4%, 15-year bond priced…
A: Note:- Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2021, that pay interest…
A: Bonds are not always issued at par. If the stated rate of the bond is less than the market rate,the…
Q: repare the necessary general journal entries for the month of October for Wildhorse Retail for each…
A: Journal entry is a primary entry that record the financial transactions initially. The transactions…
Q: departments (Assembly and Finishing) and two service departments (HRD & Janitorial). The projected…
A: Lets understand the basics. In direct method, cost of service department allocated to production…
Q: On January 1, 2020, Geffrey Corporation had the following stockholders’ equity accounts: Common…
A: Journal Entry is a part of bookkeeping. It shows both the debit and credit effect of each…
Q: Standard Quantity Standard Price or Rate Standard Cost 5.8 pounds $ 0.60 per pound $33.50 per hour…
A: Labor efficiency variance measures the difference between the standard labor hours and actual labor…
Q: What is the value of assets if: Liabilities = R50,000 and Capital = R10,000
A: Lets understand the basics. As per balance sheet equation, total assets is always equal to total…
Q: Tex Hardware sells many of its products overseas. The following are some selected transactions. Tex…
A: SOLUTION:- Preparing Journal Entries to record Tex’s foreign sales of its products, use of forward…
Q: On January 2, Dixie, Incorporated, pays a salvage company $1,000 to haul away a machine costing…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total…
A: Given, Face value of note = $11,200 Interest rate = 5% Total payment = Face value + Interest…
Q: Problem 3 The following accounts were taken from Joel's General Merchandise's adjusted trial balance…
A: Financial statements are those statements which are prepared at the end of accounting period for the…
Q: 32. Suppose that the unused capacity could be leased to another company for P4,000 pe month. Should…
A: Cost is the expenses which have been incurred for production, marketing and selling a product, from…
Q: Aylin Selin has a small shop selling clothes and shoes. Her commercial income in the year 2022…
A: This is a question of Turkish Taxation. Taxable business income is calculated by subtracting the…
Q: ending balance in the investing activities section of the company’s statement of cash flows:
A: Cash flow statement meaning the statement which shows cash inflow and cash outflow in an…
Q: A business operated at 100% of capacity during its first month and incurred the following costs:…
A: Variable costing is the method under which the contribution is computed at first, by deducting the…
Q: A company borrows $159,300 from a bank. The interest rate on the loan is 6 percent compounded…
A: Loans are paid by equal periodic payments that carry the payment of interest and payment of…
Q: The General Fund for Nisland has the following budget for the current year:…
A: A journal is the company's official book in which all business transactions are recorded in…
Q: The Chungs are married with one dependent child. They report the following information for 2022:…
A:
Q: Complete the following using the financial calculator: (Round your final answer to the nearest…
A: Compounding is the method through which income from an asset, such as interest or capital gains, is…
Q: Refer to the following list of liability balances at December 31, 2025. Accounts Payable Employee…
A: A company's long-term liabilities are its debts that won't be paid off for a year or longer. The…
Q: 22. for 2021, Forrway corporation, an accrual basis calendar year corporation, had net income per…
A: Calculation of Taxable income of Forrway for Tax year 2021
Q: Activity Capacity Management Uchdorf Manufacturing just completed a study of its purchasing activity…
A: 1.Volume variance = (Actual quantity-Standard quantity)×Standard price
Q: ! Compounded value and present value? im new to accounting math
A: Earl Miller wants to buy a new delivery truck in 6 years. He estimates the truck will cost $30,000.…
Step by step
Solved in 2 steps
- The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in the West region. The budgeted selling price is 25 per unit. The desired ending inventory on June 30 is 2,000 units, and the expected beginning inventory on June 1 is 3,000 units. Prepare the following: a. A sales budget for June. b. A production budget for June.One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next months sales. Prepare a production budget for the first four months of the year.Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Company policy requires that ending inventories for each month be 25 percent of next months sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.
- Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April. and 2,900 in May. The required ending inventory is 20% of the next months sales, and the beginning inventory on January 1 was 600 units. Prepare a production budget for the first four months of the year.Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the follow sales: In Shalimars experience, 10 percent of sales are paid in cash. Of the sales on account, 65 percent are collected in the quarter of sale, 25 percent are collected in the quarter following the sale, and 7 percent are collected in the second quarter after the sale. The remaining 3 percent are never collected. Total sales for the third quarter of the current year are 4,900,000 and for the fourth quarter of the current year are 6,850,000. Required: 1. Calculate cash sales and credit sales expected in the last two quarters of the current year, and in each quarter of next year. 2. Construct a cash receipts budget for Shalimar Company for each quarter of the next year, showing the cash sales and the cash collections from credit sales. 3. What if the recession led Shalimars top management to assume that in the next year 10 percent of credit sales would never be collected? The expected payment percentages in the quarter of sale and the quarter after sale are assumed to be the same. How would that affect cash received in each quarter? Construct a revised cash budget using the new assumption.The following data were obtained from the financial records of Sonicbrush, Inc., for March: Sales are expected to increase each month by 15%. Prepare a budgeted income statement.
- Digital Solutions Inc. uses flexible budgets that are based on the following data: Prepare a flexible selling and administrative expenses budget for October for sales volumes of 500,000, 750,000, and 1,000,000.A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and the remainder are credit sales. The company finds that typically 10 percent of a months credit sales are paid in the month of sale, 70 percent are paid the next month, and 15 percent are paid in the second month after sale. Expected cash receipts in July are budgeted at what amount? a. 114,520 b. 143,150 c. 145,720 d. 156,000Pilsner Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: Pilsner typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
- The sales department of F. Pollard Manufacturing Co. has forecast sales in March to be 20,000 units. Additional information follows: Materials used in production: Prepare the following: a. A production budget for March (in units). b. A direct materials budget for the month (in units and dollars).Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is 250,000 and 50,000 sales orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity. b. Determine the amount of sales order processing cost associated with 30,000 sales orders.Lovely Wedding printing is budgeting sales of 32,000 units and already has 4,000 in beginning inventory. How many units must be produced to also meet the 6,000 units required in ending inventory?