Business, 18.10.2019 20:50, texaslady36
Beech corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. the company’s balance sheet as of june 30th is shown below:
beech’s managers have made the following additional assumptions and estimates:
1 estimated sales for july, august, september, and october will be $210,000, $230,000, $220,000, and $240,000, respectively.
2 all sales are on credit and all credit sales are collected. each month’s credit sales are collected 35% in the month of sale and 65% in the month following the sale. all of the accounts receivable at june 30 will be collected in july.
3 each month’s ending inventory must equal 30% of the cost of next month’s sales. the cost of goods sold is 60% of sales. the company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. all of the accounts payable at june 30 will be paid in july.
4 monthly selling and administrative expenses are always $60,000. each month $5,000 of this total amount is depreciation expense and the remaining $55,000 relates to expenses that are paid in the month they are incurred.
5 the company does not plan to borrow money or pay or declare dividends during the quarter ended september 30. the company does not plan to issue any common stock or repurchase its own stock during the quarter ended september 30.
Answers: 2
Business, 22.06.2019 03:40, f13vsdbd
Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)
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Business, 22.06.2019 20:00, javonteoshamccaliste
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
Beech corporation is a merchandising company that is preparing a master budget for the third quarter...
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