Question

In: Accounting

q1: Vaughn Manufacturing plans to sell 9000 purple lawn chairs during May, 6700 in June, and...

q1: Vaughn Manufacturing plans to sell 9000 purple lawn chairs during May, 6700 in June, and 9000 during July. The company keeps 15% of the next month’s sales as ending inventory. How many units should Vaughn produce during June?

Not enough information to determine

8050

6355

7045

q2: The following information was taken from Crane Company’s cash budget for the month of July:

Beginning cash balance	$380000
Cash receipts	204000
Cash disbursements	444000

If the company has a policy of maintaining a minimum end of the month cash balance of $300000, the amount the company would have to borrow is

$140000.

$160000.

$80000.

$96000.

q3: The following information is taken from the production budget for the first quarter:

Beginning inventory in units	1600
Sales budgeted for the quarter	376000
Capacity in units of production facility	422000

Expert Solution

The correct answers are:

Q1: Option (D) - 7,045

Q2 : Option (B) - $160,000

Q3 : Option (D) - 378,000

Q4 : Option (A) - 5,200

Attached below are the explanations for all:

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ekkarill92 answered 3 years ago

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