Question
In: Accounting
Bonita Industries estimates its sales at 170000 units in the first quarter and that sales will...
Bonita Industries estimates its sales at 170000 units in the
first quarter and that sales will increase by 13000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at
$5625200.
$7820400.
$3896900.
$6778100.
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Correct ans is d)$6778100
ekkarill92 answered 2 years agoRelated Solutions
1. Bonita Industries estimates its sales at 170000 units in the first quarter and that sales...
1. Bonita Industries estimates its sales at 170000 units in the
first quarter and that sales will increase by 21000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $25. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at
a. $4346000.
b. $5205500....
Marigold Corp. estimates its sales at 250000 units in the first quarter and that sales will...
Marigold Corp. estimates its sales at 250000 units in the
first quarter and that sales will increase by 25000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at
$8610000.
$5932500.
$10342500.
$11970000.
Royal Manufacturing estimates its sales at 100,000 units in the first quarter and that sales will...
Royal Manufacturing estimates its sales at 100,000 units in the
first quarter and that sales will increase by 10,000 units each
quarter over the year. Company policy requires a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at?
DyanChrome estimates its sales at 12,000 units in the first quarter with an increase by 600...
DyanChrome estimates its sales at 12,000 units in the first
quarter with an increase by 600 units each quarter over the year.
It desires an ending inventory of finished goods equal to 20% of
the next quarter’s sales. Each unit sells for $30. Forty percent of
sales are on account, with the remainder being cash sales. Credit
customers pay 90% during the quarter the sale was made and the
balance during the following quarter.
16. How much are budgeted cash...
Concord Corporationestimates its sales at 230000 units in the first quarter and that sales will increase...
Concord Corporationestimates its sales at 230000 units in the
first quarter and that sales will increase by 23000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $25. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Production in units for the third quarter should be budgeted
at
276000.
281750.
350750.
264500.
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows. Month Units April 2,530 May 2,420 June 2,310 The
target ending inventory of finished products is as follows. March
31 2,050 April 30 2,300 May 31 2,100 June 30 2,300 2 units of
material are required for each unit of finished product. Production
for July is estimated at 2,710 units to start building inventory
for the fall sales period. Rensing’s policy is to have an inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,590
May
2,450
June
2,360
The target ending inventory of finished products is as
follows.
March 31
2,030
April 30
2,240
May 31
2,170
June 30
2,330
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,620 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,600
May
2,420
June
2,320
The target ending inventory of finished products is as
follows.
March 31
2,010
April 30
2,270
May 31
2,100
June 30
2,360
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,670 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,600
May
2,500
June
2,380
The target ending inventory of finished products is as
follows.
March 31
2,030
April 30
2,290
May 31
2,140
June 30
2,380
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,780 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,560
May
2,420
June
2,340
The target ending inventory of finished products is as
follows.
March 31
2,040
April 30
2,200
May 31
2,200
June 30
2,300
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,800 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
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