Question Details

BUSN 278 Week 5 Quiz

 1.	Question :	(TCO 7) Which of the following is not an operating budget?

 	

Question 2.	Question :	(TCO 7) The starting point in preparing a master budget is the preparation of the:

 	


Question 3.	Question :	(TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory?

 	
Question 4.	Question :	(TCO 7) If there were 20,000 pounds of raw materials on hand on January 1, 45,000 pounds are desired for inventory at January 31, and 295,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?

 	



Question 5.	Question :	(TCO 7) ABC Company expects the following sales and collection pattern for the last four months of the year:
 
Month	Cash Sales	Credit Sales	Total Sales
September	$25,000	$65,000	$90,000
October	$28,000	$72,000	$100,000
November	$26,000	$68,000	$94,000
December	$30,000	$71,000	$101,000

 
•Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ 5% of credit sales are collected in the same month
•Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ 65% of sales are collected in the following month
•Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ Ã¯â€šÂ 25% of sales are collected in the second following month
What are the projected cash collections for the month of December?