Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 3,000 cookware sets for $260.00 each in April and 3,200 cookware sets for $275.00 each in May. Sales are 10% cash and 90% on account. Compute the total budgeted sales for May. O A. $88,000.00 OB. $792,000.00 OC. S880,000.00 O D. $780,000.00

COVID 19 Co has forecast purchases on account to be $318,000 in March, $370,000 in April, $421,000 in May, and $493.000 in June. Sixty five percent of purchases are paid for in the month of purchase, the remaining 35% are paid in the following month, What is the budgeted Accounts Payable balance for June 30? Select one a. $172.550 b. $320,450 C $147.350 d. $273.650

Vinubhai

Aztec Company sells its product for $180 per unit. Its actual and budgeted sales follow. Units Dollars April (actual) . 4,000 $ 720,000 May (actual) 2,000 360,000 June (budgeted) . 6,000 1,080,000 July (budgeted) 5,000 900,000 August (budgeted) . 3,800 684,000 All sales are on credit. Recent experience shows that 20% of credit sales is collected in the month of the sale, 50% in the month after the sale, 28% in the second month after the sale, and 2% proves to be uncollectible. The product’s purchase price is $110 per unit. 60% of purchases made in a month is paid in that month and the other 40% is paid in the next month. The company has a policy to maintain an ending monthly inventory of 20% of the next month’s unit sales plus a safety stock of 100 units. The April 30 and May 31 actual inventory levels are consistent with this policy. Selling and administrative expenses for the year are $1,320,000 and are paid evenly throughout the year in cash. The company’s minimum cash balance at…

Gadubhai

N2.

Cameroon Corp. manufactures and sells electric staplers for $16.10 each. If 10,000 units were sold in December, and management forecasts 3% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be: Multiple Choice $181.207 $165,830 $175,929 $170.805 $161.000

Mango Place has forecast its sales for the coming months as follows: Standard Units 102 April May June July 121 139 162 The standard model sells for $214. Required: Prepare a sales budget for the quarter ending June 30. Budgeted unit sales Budgeted sales price Budgeted sales revenue Mango Place Sales Budget (Standard Model) For the Quarter Ending June 30 April May June Total

Vishnu

Vinubhai