Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.

The target ending inventory of finished products is as follows.

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 of raw materials at the end of each month equal to 50% of the following month’s production requirements.

Raw materials are expected to cost $5 per unit throughout the period.

Calculate the May raw materials purchases in dollars.

Suppose you are investing $856 per year in an account that is compounded every quarter. The quoted annual rate is 5% per year. What is the value of this account after 4 years?

How would one do this without excel?

Juliet will lease machinery for her business with a cost of capital of 15% per quarter. Her quarterly payments are: $7000 today, $5000 in 3 months, $3000 in 6 months, and $1000 in 9 months. Her tax rate is 15%. What is the present value of her post-tax lease payments?

You need to prepare the budget for Yellow tree for the quarter ending June 2018. The budget must be prepared monthly. The quarter consists of 13 weeks. The forecasted sales are as follows:

April 4 weeks May 5 weeks June 4 weeks July 4 weeks

Sales Units 1,250 1,500 1,750 1,800

The company’s policy changed the inventory policy to keep closing inventory of completed units at 25% of the following month’s sales. Opening inventory on the 1st of April was 475 units.

The labour information is as follows:

Normal working hours 8 hours per day

Weekend work None, only if overtime is required.

Number of employees 20 currently Additional 10 employees will be employed for the month of June

Normal time rate R32.50 per hour

Overtime rate 30% above normal time rate per hour

Hours per unit 3 hours

1. Calculate the production budget for the quarter. (3)
2. Calculate the budgeted labour hours per month. Split the hours between normal time and overtime. (9)
3. Calculate the budgeted labour cost monthly. Split the cost between normal time and overtime. (6)

Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.

The target ending inventory of finished products is as follows.

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 of raw materials at the end of each month equal to 50% of the following month’s production requirements.

Raw materials are expected to cost $7 per unit throughout the period.

Calculate the May raw materials purchases in dollars.

Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.

Month Units

April 2,520

May 2,440

June 2,390

The target ending inventory of finished products is as follows.

March 31 2,010

April 30 2,280

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 2,750 units to start building inventory for the fall sales period. Rensing’s policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month’s production requirements.

Raw materials are expected to cost $7 per unit throughout the period.

Calculate the May raw materials purchases in dollars.

Raw material purchases cost $ 34610 IS WRONG..

Can someone help please don't understand this problem

i have also gotten for answers that were wrong:

34610

34153

32620 x2

i only have 1 more chance left

Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows:

Cash-related production costs are budgeted at $5.5 per unit produced. Of these production costs, 30% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $150,000 per month. The accounts payable balance on March 31 totals $240,000, which will be paid in April. All units are sold on account for $14.5 each. Cash collections from sales are budgeted at 65% in the month of sale, 25% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $555,000 ($95,000 from February's sales and $460,000 from March’s sales).

Required:

a. . Prepare a schedule for each month showing budgeted cash disbursements for Clay Corporation. (Round your final answer to nearest whole dollar.)

b. Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation. (Round your final answer to nearest whole dollar.)

Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 61,000 51,000 71,000 Production 71,000 61,000 61,000 Cash-related production costs are budgeted at $6 per unit produced. Of these production costs, 50% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $60,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April. All units are sold on account for $15 each. Cash collections from sales are budgeted at 60% in the month of sale, 25% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. Accounts receivable on April 1 totaled $586,000 ($106,000 from February's sales and $480,000 from March’s sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.

Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 60,000 50,000 70,000 Production 70,000 60,000 60,000 Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 45% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31 totals $191,000, which will be paid in April. All units are sold on account for $14 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $575,000 ($105,000 from February's sales and $470,000 from March’s sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation.